Here's Why Bank Stocks Had a Stellar 2017
Bank stocks have consistently performed well since bottoming out in the wake of the financial crisis. But this past year was nevertheless one to remember for people who hold bank stocks in their portfolios.
If you go back to before the presidential election last year, the KBW Bank Index, which tracks shares of two dozen large-cap bank stocks, has handily outperformed the broader market. All told, the KBW Bank Index has surged 42% since the week before the election. The S&P 500, meanwhile, is up 26% over the same stretch.
Source: Fool.com
Wells Fargo & Co. Stock
€76.31
-1.110%
The stock is one of the favorites of our community with 24 Buy predictions and 3 Sell predictions.
As a result the target price of 85 € shows a slightly positive potential of 11.39% compared to the current price of 76.31 € for Wells Fargo & Co..
