Bank of America Corp (BAC): Seven Things You Need to Know About Wells Fargo & Co (WFC)

6. #1 in U.S. home loans
In case you hadn’t heard, let me be the first to inform you that the U.S. housing market is rebounding, thanks in no small part to the Fed’s third round of quantitative easing: which is aimed specifically at boosting the housing sector.

The good news for Wells investors is, the superbank is the No. 1 home lender in the country. And as Wells kept its nose very clean in the housing boom of the 2000s, we can likely expect them to do the same now, keeping potential future drama to a minimum.

7. Wells has a CEO you’ve probably never heard of
John G. Stumpf became president of Wells in 2006, CEO in 2007, and COB in 2010. Yet how often have you seen or heard his name in the news, especially in comparison to JPMorgan CEO Jamie Dimon, Goldman Sachs Group, Inc. (NYSE:GS) CEO Lloyd Blankfein, or B of A’s CEO Brian Moynihan?

“Very little” is the answer. Stumpf keeps his head down (1) because that’s his style, and (2) because his keep-your-head-down style keeps the bank focused on taking care of customers, making money for its shareholders, and staying (mainly) out of regulatory difficulty.

Foolish bottom line
I’m obviously a fan of the bank. Don’t ask me why I’m not currently invested. I really should be, and might be sooner rather than later. Wells offers big, steady profits and little to no drama: the best kind of investment in any sector.

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?

The article 7 Things You Need to Know About Wells Fargo originally appeared on Fool.com.

Fool contributor John Grgurich owns shares of Citigroup and JPMorgan Chase. Follow John’s dispatches from the bleeding heart of capitalism on Twitter @TMFGrgurich. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo.

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