Here’s Where Wells Fargo & Co Is Looking for Its Next Big Buy

During the conference call from Wells Fargo (NYSE: WFC  ) this quarter, CEO John Stumpf discussed the continuing strength of the bank's deposit franchise, which saw total deposits grow $83.8 billion, or 8%. Even more importantly however was Wells Fargo's ability to leverage its existing deposit base, reaching record cross-sell of its products in its retail banking sector, its wholesale banking sector, and its wealth, brokerage and retirement sector.

In this segment from Monday's Where the Money Is, Motley Fool financial analyst Matt Koppenheffer looks at where growth by acquisition may come from next for Wells Fargo. He highlights more remarks from the conference call suggesting that there are strong bolt-on businesses to look into that could further leverage several of the bank's fee-based businesses from its deposit franchise. Matt also discusses how much value a payments business can add to other banks at the moment, such as US Bancorp (NYSE: USB  ) .

Big banking's little $20.8 trillion secret
There's a brand-new company that's revolutionizing banking, and is poised to kill the hated traditional brick-and-mortar banks. That's bad for them, but great for investors. And amazingly, despite its rapid growth, this company is still flying under the radar of Wall Street. To learn about about this company, click here to access our new special free report.

Read/Post Comments (1) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On May 09, 2014, at 7:22 PM, Hansen wrote:

    The Wells Fargo current per share payout has pulled the stock’s dividend yield up to 2.63%. It is quite interesting that the bank is frequently cited as Warren Buffett’s favorite in the industry

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2921090, ~/Articles/ArticleHandler.aspx, 9/2/2015 6:38:28 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Matt Koppenheffer

Matt is the Managing Director of The Motley Fool GmbH, The Fool's German business. Besuch uns bei!

Today's Market

updated 9 hours ago Sponsored by:
DOW 16,058.35 -469.68 -2.84%
S&P 500 1,913.85 -58.33 -2.96%
NASD 4,636.11 -140.40 -2.94%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/1/2015 4:01 PM
USB $40.27 Down -2.08 -4.91%
US Bancorp CAPS Rating: ****
WFC $50.99 Down -2.34 -4.39%
Wells Fargo CAPS Rating: *****