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 down 0.5%. By the end of trading, Wells Fargo rose $0.60 (1.2%) to $49.10 on heavy volume. Throughout the day, 28,959,086 shares of Wells Fargo exchanged hands as compared to its average daily volume of 17,061,900 shares. The stock ranged in a price between $48.65-$49.79 after having opened the day at $49.51 as compared to the previous trading day's close of $48.50. Other companies within the Banking industry that increased today were:
), up 8.5%,
), up 8.3%,
), up 6.4% and
), up 6.2%.
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Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Wells Fargo has a market cap of $257.1 billion and is part of the financial sector. Shares are up 6.8% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Wells Fargo a buy, 1 analyst rates it a sell, and 10 rate it a hold.
TheStreet Ratings rates
. 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.
- You can view the full Wells Fargo Ratings Report.
On the negative front,
), down 4.9%,
), down 4.8%,
), down 4.6% and
), down 4.4% , were all laggards within the banking industry with
) being today's banking industry laggard.
- Use our banking section to find industry-relevant news.
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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
- Find other investment ideas from our top rated ETFs lists.