Feeling grateful to be part of such a successful company! Maybe the RTO policy has effectively separated the wheat from the chaff.
18 replies (most recent on top)
@ax USB is up 29% the KBWB is up 27.7% for the year, she beat the bank index by 1.3% while pi----g off half the company. It’s not a win, she just isn’t losing as much grown as AC did for 2 decades
@OP Over the past dozen years, USB stock hit the low 60s many times and then soon went back down to the 40s (or less). JPM has gone up more than 5x over that timeframe, as I gather is the case for other large bank stocks. Nuff said
I NEVER invest in the company I work for. I put 0% of 401k into USB. Very glad. The standard index funds have out performed USB greatly over any recent span of years. More eff you money for me!
If I get a RSU grant, I sell as soon as vested. Usually for no gain or even a small short term tax loss.
USB is a bad investment IMHO. Leadership only obsessed with butt in chair metrics and other lunacy.
The beginning of dictatorial regimes often appear successful.
Value extraction is far easier than organic long-term growth.
I've been holding onto my shares knowing we'd see a bump with all the cutting, but I'm selling them very very soon as I see little long-term future for the bank.
@ax her job is also to maintain a strong culture and create a company where people want to work. She’s an utter failure there. Morale is the lowest I’ve ever seen it. The majority of people at USB dislike her and the MC. The only reason there isn’t a mass exodus is the economy and terrible job market but we still can’t replace the people who leave because nobody wants to sign up for this place and they know they are offshoring whenever possible. Might as well take the US out of USB. It’s good to see a little bump in the stock price but that may be temporary with how awful and disingenuous the whole MC is. The paid actors who come to this site to prop her and others on the MC up are easy to see through.
@ax Dude. Be quiet. Some of the folks she has laid off have lost their homes and worse, because they can’t find work. Just shut the fu-k up.
@am I understand that many bank stocks are up, my point was that USB is up more than the S&P and more the XLF since GK took the helm. I’m not saying she deserves all the credit, (I mentioned tailwinds from AC investments), but she deserves some credit. I understand that many on this board don’t like methods, but at the end of the day her job is to make the enterprise more valuable, not worry about everyone’s feelings.
It's so easy to troll you whining losers!! Go USB!
Jamie Dimon $334.98, Citi $139.70, Stagecoach $85.25, PNC $$252.28, 53 $57.70, Truist $58.90, Regions over $30, all bank stocks are well up toward the upper end of the 52 week high, USB's ride up has nothing to do with the bank operations, lower operating costs operating the US business from Poland and India, look at 2Q numbers closely, particilsrly the payments "headwinds" impacting the "reimagining"
Will be met soon with a hard crash, GK!
What a dou--e.
troll
This post must have taken lead from our current government. Most people are worried about price of gas, groceries and job stability. But all we hear is, "but look at stock market!"
One of the MC must have wrote and responded to this. Laying off massive US employees and sending jobs over to India and taking salary and merit increases away from employees who have always worked from home and not offering any job opportunities to those who don't live near a hub isn't good leadership. No one I work with is happy with the changes since she took control. So much gaslighting.
@OP Everyone should be returning to the office, not sure why everyone on this site complains about RTO non stop. I agree, it’s good to see the stock doing well. I’ve been at the bank since 2012 and the stock struggled during the AC era. Not all of it was his fault as the market wasn’t rewarding the investments he had to make, but GK is looking to improve efficiency and has a tailwind of the investments made over the past few years. Since last April, USB is up almost 60% versus the S&P up almost 40% and XLF up about 45%, so pretty tough to knock her performance thus far.
That is only because they laid off tons of employees over the last year or so. Employees are a companies biggest expense.
RTO? You're obviously not from the U.S. The second you made your post, every message mentioning India started getting downvoted. That's not exactly subtle.