The Shocking Truth: The Worst-Performing Big Bank Over the Last Year
Mar 8th 2013 11:13AM
Updated Mar 8th 2013 12:55PM
Investors may be surprised to learn which big bank performed the worst last year. No, it wasn't Bank of America or Citigroup , the most frequently maligned too-big-to-fail banks. Instead, it was Wells Fargo , the nation's fourth largest lender by assets and arguably the most respected of the bunch. In the video below, Fool contributor John Maxfield explains how this irony came to be.
Wells Fargo's dedication to solid, conservative banking helped it vastly outperform its peers during the financial meltdown. Today, Wells is the same great bank as ever, but with its stock trading at a premium to the rest of the industry, is there still room to buy, or is it time to cash in your gains? To help figure out whether Wells Fargo is a buy today, I invite you to download our premium research report from one of The Motley Fool's top banking analysts. Click here now for instant access to this in-depth take on Wells Fargo.
The article The Shocking Truth: The Worst-Performing Big Bank Over the Last Year originally appeared on Fool.com.John Maxfield owns shares of Bank of America. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. 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.