5 Best Bank Stocks To Invest In 2015

5 Best Bank Stocks To Invest In 2015: Wells Fargo & Company(WFC)

Wells Fargo & Company, through its subsidiaries, provides retail, commercial, and corporate banking services primarily in the United States. The company operates in three segments: Community Banking; Wholesale Banking; and Wealth, Brokerage, and Retirement. The Community Banking segment offers deposits, including checking, market rate, and individual retirement accounts; savings and time deposits; and debit cards. Its loan products comprise lines of credit, auto floor plans, equity lines and loans, equipment and transportation loans, education loans, residential mortgage loans, health savings accounts, and credit cards. This segment also provides equipment leases, real estate financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, loans secured by autos, and merchant payment processing services; purchases sales finance contracts from retail merchants; and a family of funds, and investment managemen t services. The Wholesale Banking segment offers commercial and corporate banking products and services, including commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, international trade facilities, trade financing, collection services, foreign exchange services, treasury and investment management, institutional fixed-income sales, commodity and equity risk management, insurance, corporate trust fiduciary and agency services, and investment banking services. This segment also provides banking products for commercial real estate market, and real estate and mortgage brokerage services. The Wealth, Brokerage, and Retirement segment offers financial advisory, brokerage, and institutional retirement and trust services. As of December 31, 2010, the company served its customers through approximately 9,000 banking stores in 39 States and the District of Columbia. Wells Fargo & Company was founded in 1929 and is headqu! artered in San Franc i sco, California.

Advisors' Opinion:

• [By Dan Caplinger]

  Moreover, as interest rates start to hit bottom and even post modest rises, B of A could lose some of its mortgage-lending business. Wells Fargo (NYSE: WFC  ) and JPMorgan Chase (NYSE: JPM  ) have done a better job of underwriting home loans than Bank of America, with Wells doing $125 billion in home loan business during the fourth quarter of 2012 and JPMorgan topping the $50 billion mark. But much of that activity has come from refinancing, while under a higher-rate environment, it will be essential for all three banks to turn toward new-purchase mortgage loans for growth.

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/5-best-bank-stocks-to-invest-in-2015.html