Wells Fargo Reaches New 52-Week High (WFC)

NEW YORK ( TheStreet) -- Wells Fargo (NYSE: WFC) hit a new 52-week high Monday as it is currently trading at $41.80, above its previous 52-week high of $41.74 with 1.2 million shares traded as of 9:46 a.m. ET. Average volume has been 21.3 million shares over the past 30 days.

Wells Fargo has a market cap of $220.12 billion and is part of the financial sector and banking industry. Shares are up 20.7% year to date as of the close of trading on Friday.

Wells Fargo & Company provides retail, commercial, and corporate banking services. The company has a P/E ratio of 11.6, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Wells Fargo as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, expanding profit margins, notable return on equity and compelling growth in net income. 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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