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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 0.2%. By the end of trading, Wells Fargo rose $0.70 (1.7%) to $42.89 on average volume. Throughout the day, 19,221,339 shares of Wells Fargo exchanged hands as compared to its average daily volume of 18,405,900 shares. The stock ranged in a price between $42.71-$43.07 after having opened the day at $42.77 as compared to the previous trading day's close of $42.19. Other companies within the Banking industry that increased today were: VelocityShares 3x Inverse Silver ETN S&P GS ( DSLV), up 7.0%, Atlantic Coast Financial ( ACFC), up 6.8%, Timberland Bancorp Incorporated ( TSBK), up 6.6% and Carver Bancorp ( CARV), up 6.3%.

Wells Fargo & Company provides retail, commercial, and corporate banking services. Wells Fargo has a market cap of $224.4 billion and is part of the financial sector. Shares are up 23.6% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Wells Fargo a buy, 1 analyst rates it a sell, and 13 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 solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, DNB Financial Corporation ( DNBF), down 6.4%, Hamilton BancorpInc ( HBK), down 6.3%, VelocityShares 3x Long Crude ETN ( UWTI), down 5.2% and Access National Corporation ( ANCX), down 5.1%.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

More from Markets

Facebook Stock Set for Biggest Gain in Two Years After Q1 Earnings Top Forecasts

Facebook Stock Set for Biggest Gain in Two Years After Q1 Earnings Top Forecasts

Facebook, Amazon, Microsoft and Ford - 5 Things You Must Know

Facebook, Amazon, Microsoft and Ford - 5 Things You Must Know

Let the Najarian Brothers Crash-Proof Portfolio

Let the Najarian Brothers Crash-Proof Portfolio

Global Stocks Mixed, U.S. Futures Soften as Earnings, Oil, Rates Cloud Sentiment

Global Stocks Mixed, U.S. Futures Soften as Earnings, Oil, Rates Cloud Sentiment

Let the Najarian Brothers Help You Generate Income With Options

Let the Najarian Brothers Help You Generate Income With Options