The following video is part of our "Motley Fool Conversations" series, in which senior analyst Anand Chokkavelu, CFA, discusses topics across the investing world.

Wells Fargo has traditionally been a retail bank that sticks to its knitting. But very quietly, it's been branching into investment banking. Anand assesses this quiet opportunity (and risk!).

Anand Chokkavelu owns shares of Bank of America, JPMorgan Chase, Wells Fargo, and Citigroup. He also owns warrants in JPMorgan Chase, Wells Fargo, and Citigroup; and long-dated options in Bank of America. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo; and has created a covered strangle position on 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.