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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Wells Fargo ( WFC) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day down 0.5%. By the end of trading, Wells Fargo rose 36 cents (1%) to $35.46 on average volume. Throughout the day, 34.9 million shares of Wells Fargo exchanged hands as compared to its average daily volume of 23.3 million shares. The stock ranged in a price between $35.02-$35.68 after having opened the day at $35.09 as compared to the previous trading day's close of $35.10. Other companies within the Banking industry that increased today were: Jacksonville Bancorp Inc (FL ( JAXB), up 18.8%, Village Bank and Trust Financial Corporatio ( VBFC), up 17.2%, Independent Bank Corp (Ionia MI ( IBCP), up 8.5%, and First Financial Holdings ( FFCH), up 5.9%.
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Wells Fargo & Company provides retail, commercial, and corporate banking services. The company operates in three segments: Community Banking; Wholesale Banking; and Wealth, Brokerage, and Retirement. Wells Fargo has a market cap of $184.99 billion and is part of the financial sector. The company has a P/E ratio of 10.5, below the S&P 500 P/E ratio of 17.7. Shares are up 2.8% year to date as of the close of trading on Wednesday. Currently there are 18 analysts that rate Wells Fargo a buy, one analyst rates it a sell, and nine 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, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. 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 8.1%, Carver Bancorp ( CARV), down 6.4%, Credit Suisse ( UWTI), down 6.2%, and HMN Financial ( HMNF), down 6%, were all laggards within the banking industry with Deutsche Bank ( DB) being today's banking industry laggard.

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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