Wells Fargo Stock Hits New 52-Week High (WFC)

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.

TheStreet Ratings rates Wells Fargo as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, expanding profit margins, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Wells Fargo Ratings Report.

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