How Is Wells Fargo Faring in 2012?

The following video is part of our "Motley Fool Conversations" series, in which senior analyst Anand Chokkavelu, CFA, discusses topics from across the investing world.

For Wells Fargo, 2012 has been a lot less volatile than for JPMorgan Chase and Bank of America, but that doesn't mean it's not doing something notable. Wells showed its strength when it reported its first-quarter earnings earlier in the year. What we saw besides an earnings beat was strength in its core mortgage business, decreasing default rates, and solid results from its Wachovia integration. The company has been grabbing market share in its core businesses while rivals deal with lawsuits, PR fiascoes, and dubious growth plans.

In the video below, Anand gives his thoughts on the state of Wells Fargo (hint: Wells is worth the premium).

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At the time thisarticle was published Anand Chokkaveluowns shares of Bank of America, Citigroup, Wells Fargo, and JPMorgan Chase. He also owns long-dated options on Bank of America and warrants on Citigroup, Wells Fargo, and JPMorgan Chase. The Motley Fool owns shares of JPMorgan Chase, Bank of America, and Citigroup. The Fool owns shares of and has created a covered strangle position in Wells Fargo.Motley Fool newsletter serviceshave recommended buying shares of Goldman Sachs. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.

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