Wells Fargo beat earnings estimates by a penny, coming in at $0.82 for the second quarter. That's a dozen cents above last year's Q2. Wells pretty much did what we expected. It's continuing to dominate the mortgage market with its mind-boggling one-third share of the market. It's doing exactly what a strong company is supposed to do in times of market turmoil -- vaccuum up market share at competitors' expense.
Senior banking analyst Anand Chokkavelu explains in the following video.
With so many of the big finance firms getting bad press these days you may be inclined to stay away from the sector entirely, but that could be a huge mistake. In fact some of the best opportunities over the next few years can be found there, including one small, under-the-radar bank. It's been called one of The Stocks Only the Smartest Investors Are Buying. You can learn about it, and more, in our exclusive free report. Just click here to keep reading.