In the banking industry, a profit is made by borrowing money, paying for it at one rate of interest, lending that money elsewhere at a different rate of interest, and keeping the difference. But now, across the industry, that difference is getting smaller. In this video, Motley Fool financial analyst Matt Koppenheffer talks about three things Wells Fargo (NYSE:WFC) is doing to offset these shrinking margins.

Matt Koppenheffer owns shares of Bank of America. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, and 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.