WFC

Wells Fargo & Company

Wall Street

Let’s Go After Monster Gains While Wall Street’s No. 1 Scam Blows Up in Its Face

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I spent more than 35 years on Wall Street, in the trenches. I built a fortune helping my clients make billions before stepping away to run high-profit trading research services for my subscribers ­and expose the Street's dirty little secrets.

So believe me when I tell you I've seen a harebrained Wall Street scheme or two: the savings and loan crisis… the "crash-proof" portfolio insurance craze that led directly to the Black Monday market crash in 1987… subprime loans and toxic, mortgage-backed securities in 2008.

Those are just the biggies; there were dozens of other, smaller schemes that didn't crash the entire market – but wiped out plenty of investors.

I'm telling you this because there's a dead simple way for any investor to cash in big time when this scheme inevitably backfires on the greedy bankers pulling it...

Earnings

The Shockingly Tiny Earnings Number That Could Shift the Entire Market

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JPMorgan Chase & Co. decisively moved the markets on Friday with its reported record Q1 revenue and earnings; CEO Jamie Dimon's positive economic outlook helped boost not only the stock, but the market in general.

And that's about as good as it got for the big banks… From there, it seemed like no amount of good news – and there was some good news – was enough to pull stocks out of the funk.

Wells Fargo also reported good earnings and a decent outlook, but its volume of loans and deposits were down more than analysts were expecting. WFC shares were up in the Friday pre-market – perhaps on JPMorgan's coattails… and promptly plummeted for the rest of the day.

In Monday pre-market moves, two more of the "Big Six" U.S. banks reported earnings, and it didn't go that well. Goldman Sachs tumbled 3%; earnings beat estimates… but revenue dropped 13% year over year. Citigroup also reported strong earnings and reduced revenue, though it had much less of a drop than Goldman. Citigroup's stock "only" fell 0.5%.

On balance, a dreary, lackluster story… so far.

But that's not the whole story.

Because for all the gloom and reduced expectations - all that - there's a silver lining that I think will pull our hopes for a new leg up out of the fire...

Trading Strategies

Limit Risk AND Capture Unlimited Growth Before Earnings Season Starts Friday

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Investors are understandably nervous and justifiably skittish.

Earnings season starts Friday when two of the biggest "big banks" – JPMorgan Chase & Co. (NYSE:JPM) and Wells Fargo & Co. (NYSE:WFC) – kick things off with a look at their most recent results. For the first time since Q2/2016, the narrative will shift from hypothetical, hard-to-quantify data – related to trade talks, U.S. economic data, and the E.U. – to real numbers.

Short-term volatility could be a real doozy, and unsuspecting investors may find themselves losing money hand over fist if conditions deteriorate as earnings season continues.

I don't want that to happen to you, obviously.

So let's talk about a quick, easy move you can make ahead of Friday's numbers that can limit or almost completely eliminate risk while still preserving the unlimited profit potential you deserve.

Here's what you need to know...

Wall Street

Is Wells Fargo a Criminal Enterprise?

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Something is really wrong with Wells Fargo & Co., the third largest bank in the United States by assets and the eleventh largest bank in the world.

After being hit with massive fines and paying out tens of billions of dollars to settle a litany of charges, Wells Fargo's facing more investigations from the U.S. Department of Justice.

And there's no doubt that this won't be the last of them.

So, I ask you, is Wells Fargo a criminal enterprise?

Before you comment – here's my answer, what I think should happen to Wells Fargo, and how crooks like the ones at Wells are going to bring the economy to its knees...