Davide Serra: Wells Fargo Made 'Most Stupid Mistake'

The video discusses the Wells Fargo scandal, where the bank lost $35 billion in market value due to a fake account scandal. The speaker criticizes the bank's management for their handling of the situation, particularly during the Senate Banking Committee hearing. Despite the scandal, Wells Fargo is still considered one of the best banks globally, and the speaker suggests it may be a good investment opportunity due to its current market discount.

How did the market cap of Wells Fargo change in relation to its profits?

What are the potential future earnings per share for Wells Fargo in the next six months?