Ocasio-Cortez: Wells Fargo 'Involved' In Caging Children; Thinks Banks Should Assume Borrowers' Liabilities [zero hedge]
CoreCivic, Inc. (CXW)
Last corecivic, inc. earnings: 2/12 04:15 pm
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ir.corecivic.com/investor-relations
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Source: zero hedge
Rep. Alexandria Ocasio-Cortez (D-NY) suggested that Wells Fargo was "involved" in the caging of migrant children because the bank used to finance private prison companies CoreCivic and Geo Group. "Mr. Sloan, why was the bank involved in the caging of children and financing the caging of children to begin with?" the freshman House Democrat and economics major asked Wells Fargo CEO Timothy Sloan. "Uh, I don’t know how to answer that question because we weren’t," Sloan replied. "Uh, so in finance — you, you were financing and involved in financing of debt of CoreCivic and Geo Group, correct?" she shot back. To which Sloan replied: "For a period of time, we were involved in financing one of the firms — we’re not anymore and the other. I’m not familiar with the specific assertion that you’re making, but we weren’t directly involved in that.""OK, so these companies run private detention facilities run by ICE, which is involved in caging children, but I’ll move on," AOC retorted. Of note, We
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News
- The total return for CoreCivic (NYSE:CXW) investors has risen faster than earnings growth over the last three years [Yahoo! Finance]Yahoo! Finance
- CoreCivic, Inc. (NYSE: CXW) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- CoreCivic Announces 2024 First Quarter Earnings Release and Conference Call DatesGlobeNewswire
- CoreCivic, Inc. (NYSE: CXW) had its price target raised by analysts at Wedbush from $18.00 to $19.00. They now have an "outperform" rating on the stock.MarketBeat
- CoreCivic, Inc. (NYSE:CXW) is a favorite amongst institutional investors who own 87% [Yahoo! Finance]Yahoo! Finance
CXW
Earnings
- 2/7/24 - Beat
CXW
Sec Filings
- 3/28/24 - Form ARS
- 3/28/24 - Form DEFA14A
- 3/28/24 - Form DEF
- CXW's page on the SEC website