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Wells Fargo & Co (WFC): Today's Featured Banking Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Wells Fargo ( WFC) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole was unchanged today. By the end of trading, Wells Fargo rose $0.67 (1.4%) to $48.78 on average volume. Throughout the day, 21,360,488 shares of Wells Fargo exchanged hands as compared to its average daily volume of 17,731,000 shares. The stock ranged in a price between $48.04-$48.88 after having opened the day at $48.27 as compared to the previous trading day's close of $48.11. Other companies within the Banking industry that increased today were: Broadway Financial ( BYFC), up 5.1%, Republic First Bancorp ( FRBK), up 3.6%, Umpqua Holdings Corporation ( UMPQ), up 3.2% and Jacksonville Bancorp ( JXSB), up 3.2%.

Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Wells Fargo has a market cap of $252.5 billion and is part of the financial sector. Shares are up 6.0% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Wells Fargo a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Wells Fargo as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, expanding profit margins, good cash flow from operations and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Fauquier Bankshares ( FBSS), down 10.2%, Carolina Trust Bank ( CART), down 7.2%, National Bank of Greece ( NBG), down 5.6% and Community West ( CWBC), down 4.9% , were all laggards within the banking industry with Northern Trust Corporation ( NTRS) being today's banking industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).

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