Update on Wells Fargo Securities
WF ended up paying the $3B settlement this week. They still have the asset cap and other regulatory issues, but what's going on with WFS lately and what's the outlook?
Would love to hear more on this..
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First year analyst at WFS in banking. Deal flow is strong and comp is street. My hours are generally 70-80 a week. We get one protected weekend a month. My time is split between 30-40% debt deals, 20-30% M&A, and 30-40% equity. I'm in a coverage group. Getting looks from all the main recruiters and funds both in private and public markets. MF PE has been limited, but tons of UMM PE and name brand HFs as well as F50 corp dev. Close knit team and no face time policy. Plan is to stay for the full two years, potentially a third year if I feel like my learning curve hasn't plateaued.
I will be working there also in a coverage group. Do you mind messaging me? I have a couple of questions if that’s not too much trouble. Thank you in advance
Sure man, check your pm's
Have any analysts exited to any name UMM or name brand HF? I can’t seem to find any
What industry do you cover?
I'll add to the above poster. Also a first year analyst. No need to talk comp/recruiting/hours as that was handled, but the recent reconfiguration of WF reporting lines includes CIB as its own segment. I have been told this is good news about growth strategy and CIB focus going forward.
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