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Finance

Wells Fargo Benefits from a Solid Business Model

Wells Fargo has a well-diversified loan portfolio. The company has a healthy split between commercial and consumer loans. Its bedrock foundation is its mortgage portfolio. Although it has cut back on mortgage lending in the last few years due to low interest rates, this is still its strongest growth area.

In 1Q16, Wells Fargo had a loan portfolio worth $947 billion, the largest among its peers. By comparison, Bank of America (BAC) had a loan portfolio of $901 billion, while JPMorgan Chase (JPM) and Citigroup (C) had loan portfolios of $847 billion and $619 billion, respectively.

View more information: https://marketrealist.com/2016/06/wells-fargo-benefits-solid-business-model/

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