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 up 0.6%. By the end of trading, Wells Fargo rose $0.62 (1.6%) to $39.88 on average volume. Throughout the day, 24,220,182 shares of Wells Fargo exchanged hands as compared to its average daily volume of 21,981,600 shares. The stock ranged in a price between $39.33-$39.91 after having opened the day at $39.42 as compared to the previous trading day's close of $39.26. Other companies within the Banking industry that increased today were: National Bank of Greece ( NBG), up 19.5%, Jacksonville Bancorp ( JAXB), up 13.0%, Stewardship Financial Corporation ( SSFN), up 8.5% and FNB United ( FNBN), up 8.4%.
  • EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Wells Fargo & Company provides retail, commercial, and corporate banking services. Wells Fargo has a market cap of $208.1 billion and is part of the financial sector. The company has a P/E ratio of 11.1, below the S&P 500 P/E ratio of 17.7. Shares are up 14.9% year to date as of the close of trading on Thursday. Currently there are 16 analysts that rate Wells Fargo a buy, 1 analyst rates it a sell, and 9 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 increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, First Security Group ( FSGI), down 17.6%, Credit Suisse ( DGAZ), down 8.8%, CMS Bancorp ( CMSB), down 7.2% and Village Bank and Trust Financial Corporatio ( VBFC), down 5.6%.

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).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

null

More from Markets

Global Stocks Rally as US-China Trade War Thaws; Dow Could Test 25,000

Global Stocks Rally as US-China Trade War Thaws; Dow Could Test 25,000

GE Confirms $11.1 Billion Transportation Merger With Wabtec

GE Confirms $11.1 Billion Transportation Merger With Wabtec

China Trade Truce, General Electric and Tesla - 5 Things You Must Know

China Trade Truce, General Electric and Tesla - 5 Things You Must Know

GE Shares Gain Amid Reports of $20 Billion Wabtec Deal

GE Shares Gain Amid Reports of $20 Billion Wabtec Deal

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)