A common deal-breaker for many potential investors of Wells Fargo (NYSE:WFC) is that the company is overexposed to the housing market – any potential downturn in this sector will supposedly hit Wells Fargo harder than other banks in the sector. In this article, I wish to counter that assumption and argue that Wells Fargo has one of the most enviable business models among its peers. While Wells Fargo is significantly involved in the housing sector, the institution also has among the best reputations going in terms of its consumer and business banking models. While I am optimistic on the future of the U.S. real estate housing market, Wells Fargo’s diversified business model should allow it to thrive even in the midst of a sluggish housing market.
How Will The Housing Market Impact Wells Fargo Going Forward?
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