Dimon Sets Out to Win Back JPMorgan Shareholders After Stock Slide [Business News Network (BNN) (Canada)]
Wells Fargo & Company (WFC)
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Source: Business News Network
JPMorgan's stock has been reeling since Chief Executive Officer Jamie Dimon and finance head Jeremy Barnum briefed analysts on the bank's year-end results and forecast an unexpected bump in expenses. As the pair went over the company's plan to ramp up spending that morning mid-January, the already-sliding stock began spiraling further -- into its biggest one-day plunge since 2020. The firm's investor day on Monday -- its first since the pandemic began -- is aimed at assuaging shareholders with more clarity on its higher expenses. With its stock down 25% this year, making it the worst performing among its biggest Wall Street peers -- and after a stinging rejection by investors of Dimon's compensation package this week -- the stakes for the gathering will be high. “I see this investor day as JPMorgan playing more defense as they try to defend how their financial discipline is as good as it was in the past,” said Mike Mayo, a veteran bank analyst at Wells Fargo & Co. “They're showin
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WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 4/17/24 - Form 424B2
- 4/17/24 - Form PX14A6G
- 4/16/24 - Form 3
- WFC's page on the SEC website