) pushed the Financial sector higher today making it today's featured financial winner. The sector as a whole closed the day up 1.2%. By the end of trading, Wells Fargo rose 40 cents (1.3%) to $32.73 on light volume. Throughout the day, 16.5 million shares of Wells Fargo exchanged hands as compared to its average daily volume of 28.6 million shares. The stock ranged in a price between $32.39-$32.85 after having opened the day at $32.59 as compared to the previous trading day's close of $32.32. Other companies within the Financial sector that increased today were:
), up 15.8%,
), up 11%,
), up 9.4%, and
), up 8.9%.
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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 $171.24 billion and is part of the
industry. The company has a P/E ratio of 11.1, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 17.3% year to date as of the close of trading on Tuesday. 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 9%,
), down 8.9%,
), down 7.2%, and
), down 6%, were all losers within the financial sector with
) being today's financial sector loser.
- Use our financial section to find sector-relevant news.
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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.