Wells Fargo & Co (WFC): Today's Featured Financial Winner

Wells Fargo ( WFC) pushed the Financial sector higher today making it today's featured financial winner. The sector as a whole closed the day up 0.4%. By the end of trading, Wells Fargo rose 49 cents (1.5%) to $33.84 on average volume. Throughout the day, 23 million shares of Wells Fargo exchanged hands as compared to its average daily volume of 29.2 million shares. The stock ranged in a price between $33.21-$33.85 after having opened the day at $33.29 as compared to the previous trading day's close of $33.35. Other companies within the Financial sector that increased today were: Central Virginia Bankshares ( CVBK), up 19.7%, American Spectrum Realty ( AQQ), up 14.2%, E-House China Holdings ( EJ), up 13%, and Security National Financial Corporation ( SNFCA), up 12.9%.

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 $174.53 billion and is part of the banking industry. The company has a P/E ratio of 11.4, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 21% year to date as of the close of trading on Wednesday. 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 buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, expanding profit margins and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, Plumas Bancorp ( PLBC), down 21%, Affirmative Insurance Holdings ( AFFM), down 15.6%, Ampal-American Israel Corporation ( AMPL), down 12.5%, and Ameritrans Capital Corporation ( AMTC), down 10.8%, were all losers within the financial sector with UDR ( UDR) being today's financial sector loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).
null

If you liked this article you might like

How to Make Your Life Successful Just Like Billionaire Warren Buffett

How to Eat Lunch With Billionaire Warren Buffett

Bank Stocks Move Higher as Fed Decides to Start Unwinding Balance Sheet

Jim Cramer on Equifax, Wells Fargo, Federal Reserve, FedEx, Adobe and Toshiba

Elizabeth Warren Slams Wells Fargo, Equifax: Cramer's Top Takeaways