By Jody Chudley The big opportunity in the market today lies with value stocks…
So there are 10 billion reasons to make Wells Fargo (NYSE: WFC) your next investment.
In the company’s second quarter earnings call, CEO Charlie Scharf revealed that he believes the company will be able to cut $10 billion of expenses over the next couple of years.
This will have a huge positive impact on earnings.
What’s more, it speaks volumes that Scharf will publicly quantify how much he thinks he can reduce expenses. His $10 billion figure is now a public goal post, so you’d better believe he wouldn’t mention it if he …read more
