The following video is part of our "Motley Fool Conversations" series, in which senior analyst Anand Chokkavelu, CFA, discusses topics around the investing world.
Last week, Wells Fargo made the news as Bloomberg reported on a January rah-rah session Wells had for some of its loan officers. There was talk of "40% or BUST!," meaning 40% market share in U.S. home lending. That's a cartoonishly high figure, but Wells got awfully close and broke records in the first quarter, capturing a 34% share.
The fact that Wells is even talking about 40% is quite amazing and a testament to its strength while many of its competitors are retrenching. And while there's risk in ramping up (especially if lending standards are lowered), what's heartening is that Wells is sticking to its knitting. This also stands in contrast to its competitors. Anand explains in the following video.
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