In the following video, Motley Fool financial analysts Matt Koppenheffer and David Hanson discuss a little wager they made. While Matt had bet that Wells Fargo's mortgage revenue would fall less than 10% this quarter, David bet that it would fall more. Where did the end result come out, and what does this mean for the king among banks in the mortgage sector?
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 Wells Fargo's Mortgage Banking Fights the Tide originally appeared on Fool.com.
David Hanson has no position in any stocks mentioned. Matt Koppenheffer has no position in any stocks mentioned. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of 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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