Wells is now off more than 50% since the start of the Coronavirus pandemic. However, Wells suffers from much more than a pandemic:
Over the last two years, scandals around nefarious sales practices, some unfortunate executive departures, and an inability to grow top line has hit them hard, and the crisis has hit them especially hard in revenue terms.
We're now looking at 2012 levels, not too far from where we were during the financial crisis.
Peak to trough in 2009 we saw a 69% decline in $
WFC
... more to go here?
Over the last two years, scandals around nefarious sales practices, some unfortunate executive departures, and an inability to grow top line has hit them hard, and the crisis has hit them especially hard in revenue terms.
We're now looking at 2012 levels, not too far from where we were during the financial crisis.
Peak to trough in 2009 we saw a 69% decline in $
WFC
... more to go here?
Pierce Crosby
GM, Americas @ TradingView
GM, Americas @ TradingView
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