Wells Fargo

(

WFC

) pushed the Banking industry lower today making it today's featured Banking loser. The industry as a whole closed the day down 0.6%. By the end of trading, Wells Fargo fell 25 cents (-1%) to $23.93 on average volume. Throughout the day, 37 million shares of Wells Fargo exchanged hands as compared to its average daily volume of 42.2 million shares. The stock ranged in price between $23.91-$24.45 after having opened the day at $24.13 as compared to the previous trading day's close of $24.18. Other company's within the Banking industry that declined today were:

Central Federal

(

CFBK

), down 13%,

Dearborn Bancorp Inc

(

DEAR

), down 12.5%,

First Clover Leaf Financial Corporation

(

FCLF

), down 11.6%, and

Mackinac Financial Corporation

(

MFNC

), down 9.6%.

Wells Fargo & Company, through its subsidiaries, provides retail, commercial, and corporate banking services primarily in the United States. The company operates in three segments: Community Banking; Wholesale Banking; and Wealth, Brokerage, and Retirement. Wells Fargo has a market cap of $130.2 billion and is part of the

financial

sector. The company has a P/E ratio of 9.1, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 22% year to date as of the close of trading on Monday.

TheStreet Ratings rates Wells Fargo as a

hold

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.

On the positive front,

Princeton National Bancorp Inc

(

PNBC

), up 35.4%,

Pathfinder Bancorp Inc

(

PBHC

), up 14.5%,

United Security

(

UBFO

), up 12.2%, and

Northern States Financial

(

NSFC

), up 9.1%, were all gainers within the banking industry with

Mitsubishi UFJ Financial Group Inc

(

MTU

) being today's featured banking industry winner.

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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