NEW YORK ( TheStreet) -- Wells Fargo (NYSE: WFC) hit a new 52-week high Tuesday as it is currently trading at $32.89, above its previous 52-week high of $32.63 with 36 million shares traded as of 3:30 p.m. ET. Average volume has been 32.6 million shares over the past 30 days. Wells Fargo has a market cap of $161.05 billion and is part of the financial sector and banking industry. Shares are up 14.3% year to date as of the close of trading on Monday. 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. The company has a P/E ratio of 11.2, above the average banking industry P/E ratio of 10.8 and below the S&P 500 P/E ratio of 17.7.
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