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Wells Fargo's Mortgage Banking Fights the Tide

By Matt Koppenheffer and David Hanson - Apr 12, 2013 at 8:00PM

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NYSE: WFC

Wells Fargo & Company

Market Cap

$166B

Today's Change

(5.16%) $2.15

Current Price

$43.82

Price as of May 23, 2022, 4:00 p.m. ET

How far did Wells Fargo's mortgage income fall this quarter?

In the following video, Motley Fool financial analysts Matt Koppenheffer and David Hanson discuss a little wager they made. While Matt had bet that Wells Fargo's (WFC 5.16%) mortgage revenue would fall less than 10% this quarter, David bet that it would fall more. Where did the end result come out, and what does this mean for the king among banks in the mortgage sector?

Stocks Mentioned

Wells Fargo & Company

WFC

$43.82 (5.16%) $2.15

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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