A standard savings account returns around 0.06% a year on average. That’s not a typo. It’s less than a tenth of 1%. This bank could offer a return of up to 112% within a year. There’s no decimal point missing in that number.
I’ve received some very strong signals over the past two weeks that have led me to believe there’s something brewing in this bank that has the potential of returning over 112%.
It all depends on when you decide to act. Let me show you how simple it is to uncover these massive returns…
Wells Fargo (WFC) has been the punchline to their competitors’ jokes over the past year or so, and it’s with good reason.
I’m sure you heard all about the Wells Fargo scandal that’s been all over the news. In short, the Wells Fargo executives set unreal product per person goals, leading employees who were striving to reach these goals to create fake accounts for their customers.
While Wells Fargo were made to look like the big shady bank, they’re not the only ones who mismanage products and accounts in order to make profit.
In fact, this sort of practice is common amongst all banks; Wells Fargo were just unfortunate to get caught.
We can turn to the actions of other big banks to understand how the impact of these sort of scandals really affect the banks that are looking to drain money from their customers.
The common appeasement for scandals like the Wells Fargo one is to close branches.
Wells Fargo recently announced that they’ll be closing over 400 branches in the next two years, but what does this mean for their stock prices?
Here’s where the 112% return comes into play.
By looking at the history of Wells Fargo’s competitors’ branch closings, we can gauge how the price of Wells Fargo stock will react.
In February, 2015, Chase bank (JPM) announced it’d be closing 300 banks. Chase stock then dropped 13% within the year.
In July, 2015, Bank of America (BAC) announced that it would be closing hundreds of branches. Bank of America stock then dropped 39% within the following year.
But these drops were only minor setbacks that allowed for the banks to profit in the months following these declines.
Chase stock proceeded by then jumping up 70% after all their insiders had made a nice fortune from the decline.
Bank of America stock jumped a whopping 112% after their decline, allowing millions to be made by the insiders at their institution.
Depending on how much Wells Fargo stock pulls back after the news of these bank closures, the subsequent rise could be even more than Bank of America’s.
Wells Fargo isn’t quite as big a bank as Chase; therefore, their stock will be more sensitive to movement like this. Chase closed 300 stores, while Wells Fargo is planning to close 400.
It’s safe to say that when the time comes to buy Wells Fargo shares, your 112% return will be less than a year away.
