1 Interesting Number in the Banks' $8.5 Billion Settlement

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Coming on the heels of the $8.5 billion settlement by a collection of banks, including Wells Fargo , Citigroup , and Bank of America , that will be paid to those who were potentially damaged by unnecessary foreclosure during the housing collapse of 2008, Motley Fool financial analyst Matt Koppenheffer discusses the size of the affected group of people. While ideally there would have been no one foreclosed upon unnecessarily, the portrayal by the media headlines of the evil thoughtless banks "robo-signing" foreclosures by the millions may not have been entirely accurate. 

Wells Fargo's dedication to solid, conservative banking helped it vastly outperform its peers during the financial meltdown. Today, Wells is the same great bank as ever, but with its stock trading at a premium to the rest of the industry, is there still room to buy, or is it time to cash in your gains? To help figure out whether Wells Fargo is a buy today, I invite you to download our premium research report from one of The Motley Fool's top banking analysts. Click here now for instant access to this in-depth take on Wells Fargo.

 

The article 1 Interesting Number in the Banks' $8.5 Billion Settlement originally appeared on Fool.com.

Matt Koppenheffer owns shares of Bank of America. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, PNC Financial Services, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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