Wells Fargo

(

WFC

) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day down 0.7%. By the end of trading, Wells Fargo rose 27 cents (0.9%) to $31.67 on average volume. Throughout the day, 29.8 million shares of Wells Fargo exchanged hands as compared to its average daily volume of 29.1 million shares. The stock ranged in a price between $31.37-$32.45 after having opened the day at $31.56 as compared to the previous trading day's close of $31.40. Other companies within the Banking industry that increased today were:

New Century Bancorp

(

NCBC

), up 7.8%,

Popular

(

BPOP

), up 7.6%,

Bank of South Carolina Corporation

(

BKSC

), up 7.4%, and

Summit State Bank

(

SSBI

), up 7.3%.

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 $167.07 billion and is part of the

financial

sector. The company has a P/E ratio of 10.7, below the average banking industry P/E ratio of 10.8 and below the S&P 500 P/E ratio of 17.7. Shares are up 13.9% year to date as of the close of trading on Monday. Currently there are 20 analysts that rate Wells Fargo a buy, one analyst rates it a sell, and three 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 revenue growth, solid stock price performance, growth in earnings per share, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front,

FNB United

(

FNBN

), down 34.5%,

Hampton Roads Bankshares

(

HMPR

), down 13.9%,

Carver Bancorp

(

CARV

), down 10.1%, and

Royal Bancshares of Pennsylvania

(

RBPAA

), down 7.7%, were all losers within the banking industry with

Bank of Montreal

(

BMO

) being today's banking industry loser.

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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