Reddit Posts
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?
Bank stocks have collectively risen for several consecutive days. Should you buy bank stocks?
NFLX plummeted 35%, and its teammates, who were as stupid as pigs, dragged down FB, DIS, ROKU, and AMZN by themselves.
The four major U.S. banks, Goldman Sachs, Citibank, Wells Fargo, and Morgan Stanley, have seen sharp declines in their revenue and sharp declines in the profits of financial institutions. Is there any problem in the financial market?
Statistical approche of trading options
ElI5 - why are bank stocks dropping with interest rate hikes?
Anyone monitoring financials as they've pulled back, as a higher interest rates play? C, JPM, WFC, TD, BLK....
We might be breaking out of the 40 year downward 10 yr bond yield channel. Bad for most equities. Good for banks. I like WFC. Removal of the SEC asset cap will be HUGE
Wells Fargo Call debit spreads. Received an Email about possibly having to pay the dividend because of the short leg
$WFC Rage Yolo [Update: 1/14/22 Earnings]
$230k first week of the year, unrealized $WFC $BA $PK
Not bad for 2 days, $WFC $BA $PK unrealized gains, gonna let it ride
Does it still make sense to buy Financials/Big Banks? Why or Why Not?
Too late to add banks? Which one us the best (lol)
Todd Harrison on Twitter - $WFC rolls out #cannabis
GAP - $GPS Earnings Tomorrow - Expecting a significant beat.
Don’t sleep on banks stocks these next few months going into 2022.
Wells fartgo: all long and holding through the weekend because WFC is undervalued and going to the moon!
Wells Fargo earnings top estimates as it releases $1.7 billion from loan loss reserves
Historical Post Earnings Moves MEGA Compilation and Analysis (Q3 Week 1) - $JPM, $WFC, $BAC, $C, $GS, $MS, $TSM, and More
Historical Post Earnings Moves MEGA Compilation and Analysis (Q3 Week 1) - $JPM, $WFC, $BAC, $C, $GS, $MS, $TSM, and More
Historical Post Earnings Moves MEGA Compilation (Q3 Week 1) - $JPM, $WFC, $BAC, $C, $GS, $MS, $TSM, and More
Historical Post Earnings Moves MEGA Compilation (Q3 Week 1) - $JPM, $WFC, $BAC, $C, $GS, $MS, $TSM, and More
Historical Post Earnings Moves MEGA Compilation (Q3 Week 1) - $JPM, $WFC, $BAC, $C, $GS, $MS, $TSM, and More
Historical Post Earnings Moves MEGA Compilation (Q3 Week 1) - $JPM, $WFC, $BAC, $C, $GS, $MS, $TSM, and More
**Historical Post Earnings Moves MEGA Compilation (Q3 Week 1) - $JPM, $WFC, $BAC, $C, $GS, $MS, $TSM, and More**
Mentions
Yeah, and the six are probably JPMorgan, Citibank, WFC, etc.
ABR and WFC puts I grabbed right before the big drop already up bigly. Let’s go
WFC digging it’s way to hell bb
I told you last week calls on WFC because being mean means they make money and that's bullish. 😠
WFC puts because they were mean to me one time.
I got a good feeling about $WFC puts a few months out after we clear FOMC today. I don’t think we’ve seen the last of the bank problems. WFC is too big to fail all the way to 0 but I’m expecting some pain for them in the coming months
If I see Wells Fargo on someone's resume, their application is going in the trash. You must be pretty desperate to work at WFC
Yes, you will need some capital to do this. That’s why I don’t recommend options trading for most people. Even my financially savvy friends won’t touch options because of the capital requirements to keep it safe. yes, you can use margin for trading credit spreads but it can still wipe you out if you’re not careful. People trade options for the leverage but you must understand the risks. With that said, there are some “safe” stocks that require a minimal amount of capital to get started. Things like F, M, T, GM, VZ, WFC, BAC, AAPL, GOOGL, AMZN (now that the latter two have split), KO, BMY, etc. Just be aware that some of these safer stocks don’t have a very liquid options market and you’ll have to sell close to the money or even in the money to make any decent money after commissions.
I employ only several strategies: cash secured bull put spreads (super conservative, more conservative than owning stock outright), covered calls, and iron condors (bull put spreads with bear call spreads). The latter I ONLY do with SPY/QQQ/GLD. I understand other strategies (strangles/straddles, long combos, calendar spreads etc) but it’s best to keep it simple. The underlying is usually SPY or QQQ or “safe” stocks that I’ve owned many times over in the past; that I understand the business, and I feel comfortable owning. Ive been burned many times in the past chasing high IV stocks. Buying puts is as a hedge usually. Yes, you can buy a put (or do a bear put spread) and hope for the stock to drop but in my view, that is directional trading and risky (you can still lose your premium). Yes you can buy OTM puts and hope for that black swan event but that is rare. However, what I do is do a bull put spread (sell a put, buy a lower SP put). If the stock takes off, I buy back my shorted put for cheap, take most of my profits (90% is where I set my profit taking at), but most importantly take the risk off the table, and leave the lower SP put open (it’s usually not worth it to close it for a few bucks or less). Sometimes, the stock then nose dives (had this happen a couple times in the last couple months with TSLA and WFC) and your long put becomes ITM and makes you money.
Big banks are doing great. Getting billions. Big 3 banks (BAC,WFC and CITI) had 15 billion of new deposits from the small and regional banks since SVB collapsed. Big banks are doing great. Higher interest rates on all loans and higher fees yet still paying Pennies on deposits and CDs.
WFC is also very dangerous, bank stocks I recommend not buying for now, do you hold much of WFC now?
Yes. CSPs are still risky even if you have capital to cover. I use options not for leverage but to reduce my risk. Yes I could’ve bought the shares and if it goes to zero I’m also out that amount. Selling credit spreads and foregoing a bit of premium to have some protection is worth it to me. I can still generate 20-40% annualized on that money if the stock takes off or I can close the short early and leave the long put open in case the stock drops. The last couple months this happened with TSLA and WFC. I closed out the shorts and left the longs open because they were almost worthless. Then the stocks dropped way into the money and I sold the puts for a nice gain (more than the initial premium). I generally buy the stock if the stock settles between the two SPs and if it drops below my long I will sell the long to reduce the loss on day of expiration and take the stock and then do CCs the following week (break even will be lower due to the long put I sold). It’s a modified wheel and it won’t make you a billionaire overnight but you’ll be able to sleep better at night. Position sizing is also important of course. QQQ and SPY are the main underlyings I trade along with some other less risky stocks. And yes diversifying is important.
Aggressive putting WFC in a corner box!
I only have WFC in these, and the svb I used to have is dead.
I think WFC below 25 next. Or eow
Sold 1,700 shares of WFC at $38.24 so I was hoping for a bounce but it’s just not doing much. Picked it up at $40.70 so another tax write off 😆
WFC is the most likely to fail on a bank Run of the big boys. After adjusting for bond losses it still has a capital ratio of 8.0%.
How are JPM WFC and BAC regional banks 😭
Can we get a WFC in there, too? Preferable before 4/6?
Kinda hoping for another big red day for banks Monday morning. Won't touch this garbage, but I think it's a great opportunity for banks like WFC.
lmao yeah lets all pull out our $420 from WFC
You're missing a very key difference. Banking regulations in the US require CB (Commercial banks) to maintain a certain level of collateral/reserves. There was a massive massive influx of deposits from the helicopter stimmy checks which led to a scramble for collateral. This is also why banking requirements were loosened around this time. Banks wouldn't have met requirements from the influx. Anyhoo, Silicon was an outlier. Why? 55% of SIVB's assets were securities. A huge chunk of these were MBS which is what truly fucked them. Most banks like Citi, BAC, WFC, etc. only keep 20-25% of total assets as securities and they are mostly **US treasuries**. Why treasuries? **Because there will always be a buyer for US treasuries**. Even if the market goes to shit guess who will buy or swap the stuff they control for a nominal cost? **The Fed**. *Aside: the Fed balance sheet trending upwards again means nothing because it's a simple swap and a net zero.* Silicon is full of regards who bought a bunch of MBS to resell to the Fed and then the Fed stopped buying with QT. Suddenly had a balance sheet full of poor securities and rates going up all around them. They panicked, depositors panicked, and then it was panic at the disco until the FDIC kicked the door in. So the BoJ can pick and choose whether or not they buy treasuries based on the situation. US banks were forced to buy assets by helicopter money and in a shit situation they bought pristine collateral (UST). Their losses are almost always hedged and used to offset capital gains. However, when management is incompetent and does not follow the well worn path you get an SIVB situation.
Fine. I hold WFC, JPM, BAC.
I like and own SOFI. I don't buy into the 'future of banking' bullshit surrounding it, but I think they will do well going forward simply because a large portion of their loans are newer and therefore at higher rates than other banks (lucky timing more than anything). They're also one of the few banks whose deposits have increased over the last year, which means they shouldn't have the same liquidity issues that you worry about elsewhere. If you're looking for stability/lower risk exposure to banking I'd stick to JPM. BAC, C and WFC are just awful companies, even if their shares might do well I don't think I could convince myself to ever buy them. I'd also stay away from foreign banks. I have no faith in foreign management and/or politics benefiting shareholders.
If we are talking about banks with large deposits. JPM and BAC are the top. Than C Last is WFC But financial related SCHW is a good buy right now. Bank + Brokerage. They even bought TD Ameritrade and other banks in the last 5 years or so. So they are large now at $7.4+ Trillion AUM.
Just like every other bank that has conducted fraud? WFC went through a massive management/cultural change and the change is continuing. Its def a stock worth betting on as the Fed removes the asset cap and they’re able to increase their dividends.
Seriously. JPM, BAC, WFC, C, any one of these fails and the government doesn’t bail them out, we dead anyway
The fact that WFC has done so many shady things and risky bets for so long but they’re still one of the biggest banks standing gives me all the confidence in their stock. Bad for the country but good for the stock, tale as old as capitalism ✨
Check BAC and WFC stock prices, below their 2008 peaks. JPM only did well because they are well connected and did a lot of shady dealings. They bascially got WaMu for pennys on the dollar through government seizure
My first sentence was actually no suggestions lol WFC has been caught multiple times doing some shady stuff. On the other hand, they are one of the top home mortgage banks. If consumers want to default, they probably won’t default on a 3% loan. My thought is that they would continue to have payments come in, generating income. In all honestly, I don’t find bank stocks appealing.
BofA and WFC have a ton of unrealized losses… don’t try to catch a falling knife. Gotta do massive DD before you touch any bank stock. I for one… removed all my money out of banks.
If more banks start to fail, there is not one bank stock that will be be able to hold its value. The US banking system is all about confidence. Confidence has already been breached. Situation today is delicate. If you can tolerate risk, go for it. BAC or WFC if you must
Does WFC really deserve a 20% haircut this month?
I don’t understand why JPM or BAC are tanking in sympathy. The regionals are taking loans from the Fed, assuming at current interest rates, so they can backstop any outgoing transfers. But those transfers are not going into the mattress, customers, small and large are depositing the transfers probably into one of the big 5 banks. It’s like JPM, BAC, WFC, C, etc are getting $300 billions of new deposits, direct from the Fed, without having to lift a finger.
I have a couple limit orders for at the money calls on WFC for next month
Was flicking through tickers and thought my WFC poots were printing, only to realize it was FRC cliff diving again 
Banks have wildly different revenue profiles. So much so that WFC and MS, for example, are almost entirely different businesses. Spending time on banks’ different revenue generation profiles is critical before picking bank stocks.
If you can’t beat ‘em, join em. I loaded up on WFC and BAC today.
“Some of the biggest U.S. banking names including JPMorgan Chase & Co (JPM.N), Citigroup Inc (C.N), Bank of America Corp (BAC.N), Wells Fargo & Co (WFC.N), Goldman Sachs (GS.N) and Morgan Stanley (MS.N) were involved in the rescue, according to a statement from the banks.”
I'd probably pick among the big four JPM, C, BAC, or WFC. So you get the winners and not get exposed to the losers.
The OP is referencing that 15 years ago GE wasn’t a boomer stock, it was like apple of today. It was everything. You had to have a part of GE to be a functional trader with long term outlooks. Every fucking fund had some chunk of GE shares. No one saw it coming. He is only saying that SCHW may be taking that 100b daily income and making unwise choices with it….. like the other banks that are failing. Fuck, could you imagine if SCHW was buying into regional banks to diversify on top of crap CDSs? Ps: I don’t know shit about SCHW, don’t use them, never owned them, never read a thing on them, never seen one. WFC/TOS
Honestly, very well might be.shiiit WFC was under a buck duribg financial collapse and after the
JPM is more likely than WFC and isn't on the list.
Are people not going to have a run on WFC?
I completely discount any analysis by WFC. They can't even manage their own business but they're going to give advice on others?
I bought CS this morning at $1.98 and some more just as the news broke about the other Swiss bank lending them funds if needed at $2.04 so that’s up. My WFC is down a little but not bad. Good luck tomorrow!
WFC calls. Cause it’s seems they suck as a company. So I’ll inverse myself
WFC $43 calls for next week are $20 a pop ... might pick up 12 of them in case JPOW pauses
All 33 of the biggest lenders in the US [ passed this year’s exam](https://www.bloomberg.com/news/articles/2022-06-23/banks-ace-fed-stress-tests-to-pave-way-for-shareholder-payouts). But the results chafed some and most all of them. JP MORGAN, WFC, BAC, CS and shittygroup, were told that in the future they would need to increase the amount of high-quality capital they hold to protect against losses, and as a result, they will be pausing stock buybacks that return money to shareholders.
Calls on Big banks. They are all highly capitalized and will buy out the competition who goes under for penny’s. WFC raised 9.5B which will give them more than sufficient capital to handle additional inflows and acquisitions. Expect other banks to do so as well
I bought a couple SPY3/17 390 calls and some WFC 4/06 38 calls.
Yeah, personally very bullish on Wells Fargo. I think we'll see Charlie do for WFC what Jamie did for JPM
Yep, and more than that; the management team has really cleaned house in the middle too. They poached a ton of people from JPM and BAC in the cleanup. Charlie was Jamie Dimon's first assistant way back in the day at Primerica. The way he is going about re-orging is why WFC is compelling imo.
GS, BAC, even WFC are slam dunks
>Again, none of this is correct. (Except your acceptance of your mistake). Oh man..  >No. They are charging OIS + 10bps - which is 10bps higher than banks generally get. OIS is around 5%, so the rate is 5.1% or so. The banks are paying 5.1% for a treasury, on which they are getting \~2-3%...so a loss of \~2-3% annually. Oh okay. Didn't know that. Heard someone talk about low rates and didn't check myself. Sorry, my bad. Appreciate you correcting me >WTF. Did you learn nothing so far? How is it almost as good as buying them at par? Now I can see it's not as good, yes. Although for someone like BofA and WFC (I know they're SIBs and not to be worried about - but consider it for the sake of argument) with 10-13% unrealized losses on their HTM securities, it's a lot cheaper to just borrow against them at par even with a 2-3% annual loss only to the extent they need to cover the demand, considering they'd have to convert the entire portfolio into AFS if they had to convert even a single treasury to meet withdrawals in the event of a bank run - kinda what was about to happen at SVB (13% unrealized loss) before regulators shut it down, which it wouldn't have been able to absorb the losses of. >No. The loan is only up to 1 year duration. The banks can't get a 20 year loan or something. Oh no, I didn't mean that. This idea is now out. This concept that there will be a backstop from the regulators whenever you have underwater HTM securities. It's like another potential money printer for banks to cover client deposits. Banks know if shit like this ever happens to them again in the future, there's a precedent of a powerful backstop, which might let the potential mismanagement of treasuries at the banks continue (which was particularly bad in SVB's case). Although it's likely regulations will get tighter around this over time in the aftermath of this. >Well, I guess that's an opinion but still...not very correct. It is kinda crazy, I think. An opinion aired by a few prominent fund managers over the last few days as well. Fed may have to print money to lend if needed, coz their own holdings aren't doing great either. Of course, all this is a concern only if there's a bank run sort of situation, which is seemingly impossible now that people know their deposits are fully guaranteed. Overall, I gotta hand it to you. I was wrong on many fronts. Probably (read likely) still am. Well, I'm no expert anyway. Just a regard enjoying their time on WSB. Once again, appreciate you chiming in to set the record straight. Feel free to correct me further. I'm always learning
If the bank sector collapsed, the first one should be WFC
Look for them to buy WFC assets
Sold my WFC 42 calls about 10 minutes after open yesterday for a nice gain.. if I’m getting shit right you know the market is in trouble
Had a bunch of WFC puts that I cashed out on Monday, looks I should have maybe held them for a lilllll longer
Credit Suisse down the tubes. WFC on deck with Charlie Schwab runner up
That’s a very normal course of business filing, and not a big number at all for WFC. It’s a shelf filing which they are required to do periodically, it does not mean they need to raise capital for deposit flow or to offset losses.
Wells Fargo, $WFC, files for $9.5 billion mixed shelf offering. The offering may include debt securities, warrants, units and purchase contracts
Futes going up with WFC offering… Bearullish ?!
I wonder what JPM, BAC, WFC and C are doing with all the deposits they’re raking in at the moment?
Loaded to the tits on calls for WFC hoping for a big turn around here as well
WFC shutting down… Red because the big 4 become 3 Or green because it means a pivot What do?
True they do, but not nearly as big as JPM. JP Morgan has a much larger wealth management and investment arm than the other 3 and from what I can gather their bond portfolio is better spread between maturity durations than most other large institutions, making them better capitalized incase of….well what’s happening now. It’s why they’re considered more of a safe haven investment bank rather than a “riskier” retail consumer bank like BAC or WFC. If JPM were to experience a run it would be 08-09 on steroids which I don’t see happening, probably ever. They’re plenty insulated and liquid from what I can tell. But hey I’m just some dude on Reddit so take what I say with a grain of salt.
I had an account with WFC and I didn't even know it
I can tell you never had an account with WFC. lol
So CS lied, WFC ran out of money, Russia attacked the US, CPI came in HOT and PPI about to catch WRECK... 
Bought CMA at $45.22 and sold at $46.43 before it pulled back to 41 the bounced back. I bought 2700 shares of WFC at $40.77 so hopefully a pop tomorrow. Also picked up 5195 of VVOS at $0.34 and 2950 of ONCS at $3.38 so not a good day for that holding.
WFC ran out of money... FYI LMAO
So puts 6 months out on $WFC, got it.
BAC, WFC and CITI all have investment banking divisions