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.
(
) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 0.4%. By the end of trading, Wells Fargo rose $0.49 (1.1%) to $43.51 on average volume. Throughout the day, 23,844,053 shares of Wells Fargo exchanged hands as compared to its average daily volume of 20,867,300 shares. The stock ranged in a price between $43.17-$43.88 after having opened the day at $43.20 as compared to the previous trading day's close of $43.02. Other companies within the Banking industry that increased today were:
(
), up 16.1%,
Royal Bancshares of Pennsylvania
(
), up 15.0%,
(
), up 12.6% and
(
), up 10.7%.
Wells Fargo & Company provides retail, commercial, and corporate banking services. Wells Fargo has a market cap of $229.6 billion and is part of the financial sector. Shares are up 25.9% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Wells Fargo a buy, 1 analyst rates it a sell, and 13 rate it a hold.
TheStreet Ratings rates
Wells Fargo
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, expanding profit margins, notable return on equity and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full Wells Fargo Ratings Report.
On the negative front,
Oak Ridge Financial Services
(
BKOR
), down 4.9%,
(
), down 4.3%,
(
), down 4.1% and
(
), down 4.0% , were all laggards within the banking industry with
(
) being today's banking industry laggard.
- Use our banking section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider
(
) while those bearish on the banking industry could consider
ProShares Short KBW Regional Bankng
(
).
- Find other investment ideas from our top rated ETFs lists.
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