We’ve spoken about the potential for dividend cuts on banks in recent Podcasts/VideoCasts – and that given how they were trading before the fact (like death) – it could likely be a “sell the rumor, buy the news” event. Tonight, Wells Fargo announced that it will cut its dividend and announce the magnitude of the … Continue reading A Few Thoughts on the Wells Fargo Dividend Cut/Cap
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A Few Thoughts on the Wells Fargo Dividend Cut/Cap
We’ve spoken about the potential for dividend cuts on banks in recent Podcasts/VideoCasts – and that given how they were trading before the fact (like death) – it could likely be a “sell the rumor, buy the news” event. Tonight, Wells Fargo announced that it will cut its dividend and announce the magnitude of the … Continue reading A Few Thoughts on the Wells Fargo Dividend Cut/Cap