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 Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day down 0.4%. By the end of trading, Wells Fargo fell $0.73 (-1.6%) to $45.32 on heavy volume. Throughout the day, 24,794,908 shares of Wells Fargo exchanged hands as compared to its average daily volume of 16,513,000 shares. The stock ranged in price between $45.23-$45.71 after having opened the day at $45.41 as compared to the previous trading day's close of $46.05. Other companies within the Financial sector that declined today were:
), down 28.9%,
), down 24.0%,
), down 19.2% and
), down 17.8%.
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Wells Fargo & Company provides retail, commercial, and corporate banking services. Wells Fargo has a market cap of $240.1 billion and is part of the banking industry. The company has a P/E ratio of 12.0, below the S&P 500 P/E ratio of 17.7. Shares are up 1.4% year to date as of the close of trading on Thursday. 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, notable return on equity and increase in net income. 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 positive front,
), up 30.7%,
), up 16.7%,
), up 15.2% and
), up 9.3% , were all gainers within the financial sector with
) being today's featured financial sector leader.
- Use our financial section to find sector-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 financial sector could consider
) while those bearish on the financial sector could consider
- Find other investment ideas from our top rated ETFs lists.