>>25009262
it's not scandal stuff, although all the fines and restrictions put them in a bad starting spot, it's that the california real estate market, where they are concentrated, led the appraisal in real estate for this cycle but it is largely done now, and the rest of the country, where the rest of the banks have greater share, are going to see dramatic home price rises through the rest of this cycle.
basically wells fargos mortgatge generation rate is going to remain stagnant or decline while rest of the sector will be feasting. wells fargo got kicked in the dick this cycle and they won't be a leader until after the next recession, when the tech economy is getting juiced again and cali home prices will be skyrocketing.