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Economic Events and Notable Earnings for the week starting 01-08
2024 Put Options for Financial Stocks
Earning calls of lots of major financial institutions on Jan 12. JPM, BAC, WFC, HDB, BLK, …
10/12/2023 - Put credit spreads to sell with highest return sorted by %OTM (DTE<21)
Morningstar article: 10 Most Undervalued Wide-Moat Stocks to Buy
JPMorgan Chase Analysis and Financial Statements
Wells Fargo (WFC) to pay $1 billion compensation to shareholders, after concealing compliance issues from investors
Wells Fargo ($WFC) Commits to a $1 Billion Shareholder Payout Amid Previously Undisclosed Compliance Controversies
3 cheap Fintech Stocks to buy before the comeback.
What are the best stocks that have less market cap than the 184B that NVDA jumped in one day?
Wells Fargo (WFC) to pay $1 billion compensation to shareholders, after concealing compliance issues from investors
Wells Fargo $WFC is no longer part of the DTCC. Not even Lehmen was kicked from DTCC before collapse.
Wells Fargo (WFC) to pay $1 billion compensation to shareholders, after concealing compliance issues from investors
Will the Cash App be the savior for Block struggling quarter?
Fintech leader Fiserv ($FISV) surges after earnings as the Federal Reserve enters real-time payments with FedNow.
Q1 Adjusting economic adjustment post COVID
JPMorgan Chase: Become an 'enabler' of banking consolidation
Alright nerds, let’s get back to the objective of this sub. “Short squeeze” not small sneeze 🤧. What causes a squeeze, a high short interest and a lot of buying pressure to cause shorts to cover!
2023-04-17 Wrinkle Brain Plays - In the style of Barney Stinson
Is WFC having problems?? No longer offering HELOC loans.
if you hold RKT, UWMC, LDI or WFC, BAC, JPM… food for thought on mortgage debt-to-income
As Interest Rates Rose, Banks Did a Balance-Sheet Switcheroo (Available For Sale -> Held To Maturity)
I needed some time to process everything and I'm ready. Some banks may shut down and stock market may crash by fall.
First Republic Bank Leads Regional Banks in Pre-Market Plummet - Traders Brace for Volatility Amidst Closures of Other Banks
Wells Fargo & Bank of America Derivatives Activity
Fired tech workers finding jobs in non-tech sectors, by the thousands.
U.S. banks to face harsher adverse scenario in Fed's 2023 stress tests (NYSE:WFC)
2023-01-19 Wrinkle-brain Plays (Mathematically derived options plays)
MSM claims RC has bought into companies with 0 proof. Puts on $BABA, $WFC, $NFLX, $C.
Bank of America, Wells Fargo downgraded by Piper Sandler after Q4 earnings (NYSE:WFC)
Big banks set aside $4 billion for a recession. Investors are more optimistic
‘There is a slowdown happening’ – Wells Fargo, BofA CEOs point to cooling consumer amid Fed hikes
Jim Cramer expects energy stocks to rally if Republicans have a strong showing in the midterms. Do you agree?
$WFC Wedging nicely with steadily increasing volume
2022-10-18 Better Tasting Crayons (Mathematically derived options plays)
Short $UPST to bankruptcy: me a $300k salary FAANG employee with STEM degree at top 10 school, $100k savings, no debt looking to get $30k loan to trade stocks -- only got approved $22.5k loan at 27.5% APR and $2.5k origination cost -- worst product ever!!! (to compare WFC offered me $30k at 14% APR)
WFC puts loss, should I hold until earnings? expecting bad news
no DD, buy puts on wells Fargo for Friday earnings call
Expected moves this week: Dominos, Wells Fargo, JP Morgan, SPY, QQQ and more
It's Earnings Session! My options plays and why
According to Wells Fargo's (WFC) Michael Schumacher, he would seriously consider a 150 basis point hike, and says “Why not just rip off the Band-Aid. Let’s get there in one day." Do you think the Fed should hike the rate that high?
According to Wells Fargo's (WFC) Michael Schumacher, he would seriously consider a 150 basis point hike, and says “Why not just rip off the Band-Aid. Let’s get there in one day." Do you think the Fed should hike the rate that high?
UPDATE if you care, $683k LOSS PORN if you don’t
Last month buys but why $WFC? Mitch McConnel Trades
🌈🐻 loss porn. Everything went wrong today. First, WFC up 7% with crap earnings. What?! Then obvious BS bullish PPT reversal in the morning. I thought energy would pop cause DXY dropped so heavy (BTU - nope). Then I thought when DXY climbing, energy puts…nope. Then a bunch of FOMO faceplants.
$700 in one hour with $WFC call. Straight to the bank 💰
$700 in less than a hour on $WFC calls. Straight to the bank 💰
WFC misses earning and goes up 6%, can’t really even say I’m disappointed in this loss, just amazed
Unemployment is headed up--and a Recession will be declared by the Fourth Quarter
Question on what is a single stock you think will go up 20% or more by end of year?
Question on what is a single stock you think will go up 20% or more by end of year?
Earnings Weeks Trades: Puts on WFC, FAST, DAL, calls on ANGO
$WFC is down almost 10% since Jimmy said this
Mtnmaiden WFC PUT CHALLENGE LETS GO $12,170
As of 12:30 Eastern Time, bank stocks rose collectively, and JMP, BAC, and C rose more than 7%? why？
Financial advice: short $DHI, and $WFC. [ice cold veins in my heart, even when there's less than 3 seconds left and I'm shooting 3 must-make free throws. Queue Rodman turning his back 🥋
Dividend Lineup: $XOM $528, $INTC $82, $WFC $75, $SBUX $50. Great men of the past have always loved DIVIDENDS. “Do you know the only thing that gives me pleasure? It’s to see my dividends coming in.” ~JD. Rockefeller~ 1839 - 1937. Are you receiving any dividend next month?
Mentions
Banks literally will not die (WFC)
BB AMC and WFC all good hits
Yall are sleeping on WFC and AMC. My calls for both of those are going dummy good this week
Why is no one talking about WFC I got calls a few weeks ago and it’s bolstering rn
WFC dumped pretty hard in the aftermarket when Iran shot down israel's toys. Take this as a hint.
I only have 8 individual dividend stocks (all quarterly scheduled), and I don't go more than 21 days without a dividend payment from someone (wasn't my intention, just how it worked out). Payment dates are all over the place. It's not hard at all to spread out payments with just a moderate effort. For reference, my holdings and their payment dates in the first quarter: 1/1 TSLX, 1/11 MO, 1/15 CAH, 2/1 VZ, 2/15 ABBV, 3/1 WFC, 3/1 ENB, 3/11 XOM
BAC WFC MS UBS FAs are all fucking weak
Listen. They are the Navy Seals of Financial Advisors period. They are the elite. That's why clients go to them and not BAC WFC MS UBS Financial Advisors.
My WFC calls going crazy rn
Wtf is going on with bank stocks AH. WFC is not recovering after a $4 overnight drop. I mean, it's great for my puts, but wtf.
I bought 2 WFC puts for 0.03 each. They are now projected to be 0.5 in the morning. If this iran news turns out to be real, I will have turned $6 into $100.
Don't task me. I (for reasons) was mostly in cash in 2020. I bought cruise lines and oil field services....and BRK.B I have since done the same with both defense (LMT) and financials (several) and that's paid well too. I am holding additional stuff that will gain when rates loosen. I have additional stuff that will gain when the dumb Ukraine war ends. Right now my "cash" is earning 5% and I have been sinking it into things like last years banking crash (WFC) and last years RTX crash. I even have a little "dry powder" now, should I need it I have no idea what the market will do tomorrow but long term stuff is obvious. Its simply when not if
Damn, WFC calls were the play today
BAC WFC MS UBS are fucking weak compared to NTRS
Hey you guys are clever...is it any coincidence that BAC and WFC are at 11.84x and 12.04x while C and GS are at 17.70 and 17.74? I quite like the look of bank stocks after GS this morning.
$JPM and $WFC, hope you held your calls
Teehee I bought puts on JPM and WFC about a week ago, let’s tank this dirty filthy thing please.
"wtf are you even talking about" - which part? The "celebrity chef casualty rate" was a veiled (but not very veiled) reference to Israel bombing the WFC convoy April 1. The "pick a new enemy" was a reference to Israel bombing the Iranian embassy in Syria, coincidentally right after that also on April 1. Sorry for being vague if it led to confusion. Hopefully that helps.
As a rookie market participant/ Canadian I don’t see how the spy or general market can do anything but tank 15 percent, I started buying puts 2 weeks ago, WFC and JPM, I’m probably going to be wrong but I don’t see how any of the banks can continue on this path, nobody has any money but the elite and their noose is getting tighter. When life becomes too expensive people will just start taking stuff. Sales down and stores close, people lose jobs and banks no longer have the loans, the paycheques or money to be lent out. I am an eternal optimist, bull and forward thinking person, but everything I see is pointing down like a morning boner in a toilet bowl.
C and WFC had good earnings, they literally fell because JPM did If GS falls Monday it's gonna be a repeat of today; no matter how earnings end up, everything goes down because big company does
I hate WFC never touching it again. Them and Delta just gave it all to me pre market and then took it all away before market open. The burn 🔥
WFC next on the chopping block. -10% by end of next week
Can you point to me where WFC hurt you?
> news **could** come out The word *could* is doing some heavy lifting in my comment. Tue and Thur are the days the Fed posts news releases. The odds are nearly 0% that they will release anything about $WFC, but that would be basically the only catalyst that would rocket this thing above $60 for sure.
I had three ideas for today's moves SPY puts JPM puts WFC puts guess which one I picked
Holy shit I am a clown. Instead of sticking to my plan and buying SPY puts I tried to short WFC GOT MY ASS BLOWN OUT AGAIN
WFC beats earnings by 20% and is down this morning wtf
JPM thots are better looking and more open to unprotected sex than C WFC and BAC thots
Citi, WFC, banks beat 520 EOD.. pre market is a nothing burger
JPM beat, WFC beat, BLK beat, STT beat, C?
So WFC smashes earnings and its down premarket?
Pre-Market: * JPM * WFC * C * BLK
I got WFC puts 
WFC pamping for the damping
Look at WFC. This can't be good
That would cause major damage Im praying for small damage with WFC
WFC and C puts so you’re guaranteed to make money.
Nah WFC about to get cooked. Was looking at puts. JPMC will beat slightly, Citi idk. Bank of America idk what to think yet lol
I think WFC will be the sacrificial lamb tomorrow Higher rates, slower lending, liquidity issues, and them already having to steal from people to make a large profit. I think the banking issues will hit them first. Or they are going to crush it and I am an idiot Find out soon
Puts and calls on WFC and C, time for flat titties tomorrow
at any given moment WFC or BA or DB will downgrade it and send it to the gulag which is significant bias because they are competitors. But that's just how the cookie crumbles.
I bought calls at the last minute. gl on WFC!
JPM & WFC will fuck the market tomorrow (No Lube)
WFC has a debt collector after me for $124 and I refuse to pay. Puts
Well that would be really good for me since I bought WFC puts and didn’t buy JPM
WFC calls. Big banks don't lose and these guys cheat more than anyone.
sry didn't see your post til now. I ended up going for puts but couldn't get JPM filled so only WFC 54 puts, tomorrow's expiry.
Tomorrow think big names like JPM WFC C Will disappoint agins SPY AT 513 QQQ AT 438
I 20% ported WFC 4/12 54 Puts at $0.18 each.. I hope these print
these $JPM, $C, $WFC calls are my plays tomorrow
I dont like holding my lottos overnight but WFC can go to hell tomorrow
I need WFC to shit the bed tomorrow morning and I can break even on my account. Fuck me right?
BAC options are best way to play bank earnings tomorrow. Sympathy move will mimic most of the move in JPM/WFC.
WFC, JPM, C calls
Let's go WFC !! CALLS TO THE TITS LETS GET RICH COME ON
Earnings tomorrow bb. Calls on JPM, WFC, and C are easy money
JPM and WFC report at 8:30 a.m. EDT and 10:00 a.m. EDT, respectively.
Today won't have much movement, but tomorrow, once JPM and WFC report, we will truly see a move in the market. Hopefully, a bullish one. Nobody wants to bet against the American market.
Should I buy JPM, WFC, BLK, C calls?
C calls. WFC calls, jpm idk
Last QOQ profit change: Jpm). -15.45% Bac). -55.92% C). -173.18% Cof). -42.69% DFS). -62.15% Ms). -32.16% USB). -8.43% WFC). +8.52% Everything is fine
Take out a personal loan at BAC WFC JPM C
I’m shorting JPM & WFC June, then 2025 & 2026
Was this post written by a drunk AI? [Here are the real details](https://www.attorneygeneral.gov/taking-action/attorney-general-shapiro-announces-575-million-50-state-settlement-with-wells-fargo-bank-for-opening-unauthorized-accounts-and-charging-consumers-for-unnecessary-auto-insurance-mortgage-fees/) >So, the story started many years ago, in 2016, Wrong date, it started as early as 2011. >when Wells Fargo created millions of unauthorized customer accounts Officially 1,534,280 unauthorized deposit accounts and 565,433 credit-card accounts, this was vaguely raised to approximately 3.5 million. >and imposed auto insurance on hundreds of thousands of clients. "Improperly force-placing and charging more than 850,000 auto finance customers for unnecessary and duplicative insurance policies." >Following that, in 2018, Federal Reserve issued several orders. The Fed issued one consent order. The OCC issued several, the primary order for this scandal [was just terminated in February this year](https://www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-15.html) indicating sufficient progress has been demonstrated moving past the underlying problems. >For years WFC's been working under consent order, All banks operate with consent orders, this is not abnormal. >meanwhile reporting to investors significant improvements and not mentioning any compliance issues. This is just laughably wrong. Since 2019 every single investor communication has listed resolving the risk and governance shortcomings as the banks primary priority. Literally every single earnings report states this. >They were able to hide it until March 20th, and it only became known when the government disclosed this situation and the order issues. And right after the reports were published their stock obviously dropped. This doesn't even make sense. March 20th 2016? 2018? It certainly hasn't happened recently. >Several months ago, Wells Fargo decided to pay damaged shareholders $1B while denying all the "wrongdoings". And they say that investors who traded WFC still can try to apply for the payment, so you can check it. Resolving legal issues is a hugely bullish event for a company, especially one this big. You list this as if it's a bad thing, but you should rethink it. >Anyway, even with the latest WFC situation, I am not sure they can beat their all time high in the future. And who knows what else are they hiding from us? Their all-time high was $66.31 on Jan 28th 2018 (after all the bad stuff you are mentioning was known for 2 years), and [they had nearly 5 billion shares outstanding](https://companiesmarketcap.com/wells-fargo/shares-outstanding/) at the time. Now they have 3.6 billion, that's nearly a 30% reduction in available shares. You have a lot to learn.
So I have a question for the geniuses. Is BAC a better buy to play earnings this week, even though it doesn't report this week? C and WFC report on the 12th. Here is a chart of WFC, C, BAC, WLF. [https://imgur.com/a/Nak6YEa](https://imgur.com/a/Nak6YEa) They all seem to move together and the earnings date are WFC's. The IVR Rank right now per Tasty Trade is 57.2 (C), 51.1 (WFC), 37.5 (WLF) and 36.5 (BAC). So that seems to indicate IV is higher on C and WFC. Just checked both are at 50% on the weeklies, closest strike. BAC IV is 28%. Or am I overthinking this? Thanks
I got nothing interesting. I'll be balls deep in WFC this week.
NTRS Navy Seal Financial Advisors are the premier elite Financial Advisors MS BAC WFC UBS Financial Advisors are fucking weak
Why short WFC but long JPM. One is a larger credit primary
BLK calls JPM CALLS WFC PUTS
I've got time on SOFI, at least. My INTC and WFC, meanwhile, are killing me.
If Elsa Jean wasn't a pornstar... She would've been working in investment management at WFC Private Bank or BAC US Trust
Tommy n Nancy going in on WFC
I’m still waiting on OKTA to pay up. SE was a complete flop. GME calls. Might cash out ALAB if it pulls back. SPY lotto put (solely for fun) that I’m swinging for tomorrow. Theta essentially makes it $0.01 at open 🤭🤭 WFC swinging for Thursday And finally, PM is in the process of printing. Slow mfking stock.
My bank puts are getting rock hard after reading about instability in all corners of the globe. I'm not regretting dumping $200 into 1 month WFC puts.
all i know is people are going to be flying in BA planes 10-20-30 years from now without any doubt. Stock price will eventually follow. no one wanted WFC in 2016-2020 and its back to 56=57$ range. People have very short term memory. plus not a lot of option to fly another plane
moreover, they still facing their diversity lawsuit due to the "fake job interviews", I'm wondering what else is fake in WFC at this point
Yeah the Russian ruble did them in. I was working in the WFC at the time for one of the big IB’s as a contractor. They walked the bond trading department out the door the same day as all of us contractors. Everyone thought it was the biggest bailout ever. Guess no one anticipated 2008.
WFC slowly bleeding out. Was only a matter of time
Opinions on WFC and BAC puts before tomorrow?
Personally I don't see this as necessary. About 20 years ago I was attending a National Industry Convention of Financial Planners and Registered Reps. Several thousand attendees, multiple meetings each hour in many different rooms and as is typical a buffet lunch served in a huge ballroom full of 8 top tables. When it came time for lunch you simply dropped your stuff at a spot on a random 8 top and went to the buffet and came back and sat down and introduced yourself to likely 7 random people at the convention and have a leisurely lunch discussing matters of general interest at the table. Our table had 5 producers (RIAs, RRs or FAs) and 3 executives. But the fiduciary standard came up. One of the seated executives ran the UHNW group at his national BD. It wasn't one of the big 5 (ML, USB, SB, MS, or WFC) but was one of the second tier. My memory recalls it was Raymond James. At any rate the topic of becoming or being a fiduciary came up. The RJs executive told us he had just that year changed his RRs status to that of a fiduciary, and was the first one of the major BDs to have done that. He felt it was simply good business and a standard that any advisor should be able to meet if he was to actually be effective in managing money for his/her wealthy clients. It turns out that 3 of the 5 producers at the table also handled mediations in their geographic area. As you know the standard agreement you make with any financial institution requires you to submit any dispute you have to mediation rather than bring a lawsuit. He asked those three when they applied a fiduciary standard in a mediation. All 3 answered, "whenever the client feels like they were working with a fiduciary." Which made his point. If his registered reps were being treated as a fiduciary in any dispute that came up why wouldn't he go ahead and adhere to that standard throughout his unit and be able to advertise that as being their standard. As those 20 years have passed it has been more and more common to apply the fiduciary standard to the work any advisor is doing with his clients. Then in 2018 that rule was stripped from use in order to replace it with an even stronger standard that would apply to any financial advisor. The new rule is expected very shortly....literally weeks from now. [https://www.armstrongteasdale.com/thought-leadership/dol-fiduciary-rule-expected-this-spring/](https://www.armstrongteasdale.com/thought-leadership/dol-fiduciary-rule-expected-this-spring/) Under the current rule all RIAs are fiduciaries but not all financial advisors are fiduciaries and it is not generally up to the advisor. It is up to the management of the broker dealer and many are not as progressive as my friend at Raymond James. So if you today limit yourself to fiduciaries you are not going to be able to include the RRs from ML, USB, WFC and MS although you would be able to include them in a month or so. What you should be careful of is employing an advisor if you only have a relatively low balance for them to manage. That is because for low balance clients they tend to only be attractive to insurance, annuity or other packaged product sales people given the need for the advisor to make a relatively healthy commission on the low balances in question. If you are currently a low balance client because of age or income than the simple 'low cost ETF' investment recommendation works as well as anything can. Eventually as you grow older and your investments needing management grow you will become a client that is attractive to an accomplished experienced investment professional. And today unfortunately as the fees charged are smaller, that cut off is still about a million dollars aum is the minimum any accomplished advisor will take.
Interesting. All of my WFC preferred stock - WFC.PR.R - was redeemed by WFC too. [https://finance.yahoo.com/news/wells-fargo-company-announces-full-130000708.html](https://finance.yahoo.com/news/wells-fargo-company-announces-full-130000708.html) Pissed because that pref. stock was yielding 6.2% interest.
Idk how you guys trust any of these insolvent banks especially WFC to hike up that much after the run it’s already had over some BS news of them beating their fraudulent criminal case from 2016. Right after that day it hiked and it didn’t and hasn’t stopped. the sentiment is very odd if anyone watches it. It hikes north at open then consolidates down. Almost the same exact pattern every single day for the past month. idk how you guys don’t see that being suspect. hope you guys don’t get fucjed. Btw I have puts 🎲✊🏽
Most people here on WSB doubt you, and you have been dick riding WFC for 2 years now and looks like you have made money on it. I'm in! 60C Oct 18
WFC and OCY calls 