Wells Fargo's Mortgage Banking Fights the Tide

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

NYSE: WFC

Wells Fargo

Market Cap

$215B

Today's Change

(-0.77%) -$0.47

Current Price

$60.13

Price as of April 25, 2024, 3:31 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 -0.77%) 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?

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 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.