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.
Anand Chokkavelu, CFA
Updated: Apr 7, 2017 at 12:26PM
Published: Oct 11, 2012 at 12:00AM
Anand is the Editor-in-Chief of Fool.com. He loves pithiness, clever turns of phrase, and helping people simplify their money decisions.
As usual, Wells Fargo (along with JPMorgan Chase) will kick off big-bank earnings season. Both report on Friday before the market opens. Analysts expect $0.87 a share in earnings for Q3, versus $0.72 last year. That's a healthy 21% gain!
Motley Fool senior analyst Anand Chokkavelu expects Wells to deliver on the expectations based on its domination of the mortgage market these days. Over the first two quarters of 2012, it's taken up 33.1% of mortgage loan activity. Although rates are low, the spreads Wells and others are earning on mortgage-backed securities have been quite good.
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