Wells Fargo and JPMorgan are the two biggest players in the mortgage origination business. This Friday, both megabanks will report earnings and hold conference calls. After dominating the mortgage business for the past couple of years, competition from the likes of Bank of America may be heating up.
In this video, Motley Fool banking analysts David Hanson and Matt Koppenheffer tell investors what to watch for in these releases and where the banks may pivot their focus.
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 Are Big Banks Fighting for Your Mortgage? originally appeared on Fool.com.
David Hanson has no position in any stocks mentioned. Matt Koppenheffer owns shares of Bank of America. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Bank of America, JPMorgan Chase, 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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