Jason Burack: Wells Fargo Bank Is In Serious Trouble

Wall St. For Main St., Released on 7/14/20

Wells Fargo Bank announced bad earnings for Q2 2020: Wells Fargo loses $2.4 billion in 2Q, first loss since 2008 finance.yahoo.com/news/wells-…

However, Wells Fargo’s new CEO tried to spin things saying that things will improve in the quarters to come. Wells Fargo Hits Rock Bottom. Can It Get Worse? www.yahoo.com/news/wells-farg…

New Christopher Whalen article: Banks: Value Tease or Value Trap? www.theinstitutionalriskanaly…

Frank Partnoy Article on Wells Fargo Bank & CLOs: The Looming Bank Collapse www.theatlantic.com/magazine/…

Big U.S. banks predict more economic pain from coronavirus finance.yahoo.com/news/big-u-…

Big banks set aside billions for potential loan defaults www.politico.com/news/2020/07…

Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.