The banking industry closed the day down 2.3%. Carver Bancorp Inc ( CARV), Capital Bank Corporation ( CBKN), Bank VA Chesterfield ( BOVA), and Bank of Ireland (Governor & Company of ( IRE) were all decliners today within the banking industry with Wells Fargo ( WFC) being today's featured banking loser. Wells Fargo fell 83 cents (-3.3%) to $24.54 on average volume. Throughout the day, 39.4 million shares of Wells Fargo exchanged hands as compared to its average daily volume of 44.4 million shares.

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 $129.4 billion and is part of the financial sector. The company has a P/E ratio of 9.5, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 18.1% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Wells Fargo as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.

On the positive front, Waccamaw Bankshares Inc ( WBNK), Pathfinder Bancorp Inc ( PBHC), Summit Financial Group Inc ( SMMF), and Village Bank and Trust Financial Corporatio ( VBFC) were all gainers within the banking industry with Credicorp ( BAP) being today's featured banking industry winner.

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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