Wells Fargo analyst William Warmington Jr has upgraded shares in Equifax to "outperform," predicting that the company will bounce back from the 30% haircut its market cap took when it was revealed that the firm committed the worst commercial data-crime in world history and then twiddled its thumbs for a couple of months before telling anyone and then allowing its CEO to resign.
Warmington Jr says that Equifax is a "high-quality consumer credit franchise" and that the market has overestimated the damage the firm will feel as a consequence of destroying the lives of 140,000,000 Americans, so buying its stocks now is a smart bet ("an attractive entry point").
Wells Fargo is America's largest, most criminal bank, whose scandal-haunted recent history includes opening 2,000,000 fraudulent accounts and then blackballing whistleblower employees, prompting senate investigation; stealing houses from borrowers through widespread foreclosure fraud; stealing cars from 25,000 customers and defrauding 800,000 more with a criminal auto-loan racket; gouging small business owners on credit-card fees; and scamming millions of mortgage borrowers by signing them up for useless, expensive "home insurance" that they didn't request and couldn't use.
And yet, it's still America's largest bank.
So when Warmington Jr predicts that Equifax will probably not pay any penalties for criminal acts committed against millions of Americans, he definitely is speaking from personal experience.
Wells Fargo Upgrades Equifax (EFX) to Outperform, 'Megabreach Creates Opportunity'
(via Super Punch)
The largest, wealthiest cities in America are filling up with tent cities -- especially on the west coast, where East Coast style right-to-shelter laws are rare -- and if the spectacle of human misery doesn't alarm you, perhaps you should be thinking about communicable disease epidemics.
United Airlines and American Airlines have signalled the end of their participation in Trump's practice of kidnapping children to scare away potential asylum seekers, (AA: "We have no desire to be associated with separating families, or worse, to profit from it"; UA: "Our company’s shared purpose is to connect people and unite the world. This […]
Ibrahim Diallo was eight months into a three year contract with a big company when its systems abruptly decided that he was fired: first it told his recruiter that he'd been let go, then it stopped accepting his pass for the parking and the turnstyles, then his logins stopped working, and at each turn, his […]
Projects big and small always go smoother when the whole team is collaborating, but members tend to get lost once the conference call ends. Timelinr is a project management solution that helps keep your stakeholders, team, and clients in the loop with high-level project roadmaps and granular task boards. Subscriptions are available today for $49.99. […]
The Adobe Creative Cloud is home to a suite of editing tools today’s creatives count on to produce their content. Whether you’re an aspiring photographer, animator, or graphic designer, Adobe’s programs can help you in your creative pursuits, and with the Complete Adobe CC Training Bundle, you can come to grips with six of them for […]
Your pet might be photogenic, but getting them to stare long enough at your camera to snap that Instagram-worthy photo isn’t as simple as telling them to sit. Bribing your pets with their favorite treat, however, might just do the trick, and with the Adjustable Pet Selfie Smartphone Attachment, you can do just that while getting […]