Wells Fargo & Co (WFC): Today's Featured Banking Winner
(
) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 0.6%. By the end of trading, Wells Fargo rose 39 cents (1.2%) to $32.25 on light volume. Throughout the day, 19.4 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 $31.96-$32.26 after having opened the day at $32.11 as compared to the previous trading day's close of $31.86. Other companies within the Banking industry that increased today were:
(
), up 56.8%,
(
), up 14.7%,
(
), up 13.7%, and
(
), up 13.2%.
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 $169.3 billion and is part of the
sector. The company has a P/E ratio of 11, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 15.6% year to date as of the close of trading on Friday. 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
. 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 expanding profit margins. 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,
(
), down 49.9%,
(
), down 10.1%,
(
), down 8.4%, and
(
), down 8.2%, were all losers within the banking industry with
(
) being today's banking industry loser.
- 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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