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

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 lower today making it today's featured Banking laggard. The industry as a whole closed the day down 0.7%. By the end of trading, Wells Fargo fell $0.45 (-1.0%) to $43.73 on average volume. Throughout the day, 20,893,238 shares of Wells Fargo exchanged hands as compared to its average daily volume of 17,591,600 shares. The stock ranged in price between $43.57-$44.28 after having opened the day at $44.07 as compared to the previous trading day's close of $44.18. Other companies within the Banking industry that declined today were: OptimumBank Holdings ( OPHC), down 11.6%, Credit Suisse ( DWTI), down 7.3%, Bbva Banco FrancesS.A ( BFR), down 6.1% and Macro Bank ( BMA), down 5.2%.

Wells Fargo & Company provides retail, commercial, and corporate banking services. Wells Fargo has a market cap of $231.9 billion and is part of the financial sector. The company has a P/E ratio of 11.6, below the S&P 500 P/E ratio of 17.7. Shares are up 29.3% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Wells Fargo a buy, 1 analyst rates it a sell, and 12 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, growth in earnings per share, expanding profit margins, good cash flow from operations 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 positive front, Roma Financial Corporation ( ROMA), up 7.6%, Credit Suisse ( UWTI), up 6.9%, Credit Suisse ( TVIX), up 4.0% and LNB Bancorp ( LNBB), up 3.2%.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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