Looks like it's time to short BofA
Posted: May 06, 2024
- Bank of America investment banking analysts and associates are planning to strike tomorrow - The strike is being organized by employees at the company - The news was leaked via a post on Wall Street Gossip - The post has received over 1.4 million views and has been shared and liked by thousands of users.
Summarized top reddit comments: - Some members of r/WallStreetBets feel that political discussions should focus on the financial impacts - A comment on a leaked internal employee review at Goldman Sachs highlights extreme working conditions - Working 100+ hours a week is unsustainable and can lead to burnout - Doubts about a strike happening at BofA due to competitiveness in the industry - Shorting BofA is suggested as an investment strategy - Working over 60 hours a week is considered unproductive long-term, with some suggesting 30 hours as more realistic - The demand for 100-hour workweeks is seen as extreme
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