Friday, January 12, 2018

Buoyed By the US Trump Tax Bill Corporate Debt Forgiveness Increasing Its 4Q 2017 Earnings By $3.89 Bil, Wells Fargo Kicks Off the 4Q 2017 Earnings Release Parade With Its 4Q 2017 Net Income Up 35% Over the 4Q 2016, After Its First 9 Months 2017 Net Income Being Down By 4% From the First 9 Months of 2016 ...................................................................................... So If the Debt Forgiveness Increased 4Q 2017 Net Income By $3.89 Bil, How Could 4Q 2017 Net Income Be Only $0.937 Bil Higher Than the 4Q 2016 (4Q 2017 Net Income of $6.241 Bil Versus 4Q 2016 Net Income of $5.304 Bil)? ...................................................................................... Ethically-Challenged US CEOs and CFOs Want To Hide the Massive Amount of Debt Forgiveness Given To Them in the Trump Tax Bill So They Magically Look For Earnings Charge Offsets ...................................................................................... In Wells Fargo's Case, It Magically Discovered That They Needed a 4Q 2017 Pre-Tax Earnings Charge of $3.25 Bil, Most of Which is Not Tax Deductible, Related to Various Litigation Matters: Yeah So Effectively US Taxpayers Are Funding Wells Fargo's Litigation Losses ...................................................................................... This Deceptive Action is Similar to Their Strategy of Creating Fictional Accounts to Increase the Number of New Accounts Added ...................................................................................... The 4Q 2017 Corporate Earnings Releases Will Expose the Degree To Which US CEOs and CFOs Are Ethically Challenged and Wells Fargo Wasn't a Good Leadoff Batter For Good Ethical Behavior ...................................................................................... Smart, Fair-Minded Investors Should Avoid Investing in the Many Companies With Ethically-Challenged Reported Earnings Like Wells Fargo Had in Its Most Recent 4Q 2017