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TheStreet Wire

Wells Fargo Rises On Unusually High Volume (WFC)

By TheStreet Wire 03/15/13 - 04:23 PM EDT

Find out if (WFC) is in Cramer's Portfolio.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK (TheStreet) -- Wells Fargo (NYSE:WFC) is trading at unusually high volume Friday with 48.5 million shares changing hands. It is currently at two times its average daily volume and trading up $1.20 (+3.2%) at $38.16 as of 4 p.m. ET.

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Wells Fargo has a market cap of $193.81 billion and is part of the financial sector and banking industry. Shares are up 8.2% year to date as of the close of trading on Thursday.

Wells Fargo & Company provides retail, commercial, and corporate banking services. The company has a P/E ratio of 10.9, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Wells Fargo as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Wells Fargo Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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