Home prices are rising, and banks are smiling.
As the housing market continues to improve, the nation's largest mortgage originators Wells Fargo (NYSE:WFC) and JPMorgan Chase (NYSE:JPM) may not see the steep decline in mortgage banking fees as they expected. Elsewhere in the banking world, Citigroup (NYSE:C) investors should be encouraged by the potential increase in consumer confidence.
In this video, Motley Fool banking analysts David Hanson and Matt Koppenheffer discuss the housing market and what it means for these banks.
David Hanson has no position in any stocks mentioned. Matt Koppenhefferhas no position in any stocks mentioned. You can follow David and Matt on Twitter. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Citigroup, JPMorgan Chase, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days.