3 Ways Higher Home Prices Help Wells Fargo

By Matt Koppenheffer and David Hanson – Mar 28, 2013 at 5:43PM

NYSE: WFC

Wells Fargo

Market Cap

$208B

Today's Change

(2.74%) $1.61

Current Price

$60.35

Price as of April 19, 2024, 4:00 p.m. ET

Here's why the recent home price numbers are great for Wells Fargo shareholders.

Analysts are raising their estimates for home price gains in 2013. What does this mean for a bank like Wells Fargo (WFC 2.74%), which is so heavily tied to the mortgage loan industry? In the following video, Motley Fool financial analysts Matt Koppenheffer and David Hanson give investors three solid reasons why higher home prices mean big wins for Wells Fargo. They also tell us which of the other big banks might stand to benefit in a big way.

David Hanson has no position in any stocks mentioned. Matt Koppenheffer has no position in any stocks mentioned. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of JPMorgan Chase & Co. and Wells Fargo. 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.