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Here's Why Wells Fargo Was Rising on Wednesday

TheMotleyFool

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Here's Why Wells Fargo Was Rising on Wednesday

The S&P 500 rose modestly on Wednesday, with the index up by about 0.5% as of 3:30 p.m. EST. And the financial sector was one of the top performing areas of the market, with the SPDR Financial Select Sector ETF (NYSEMKT: XLF) up by nearly 2% for the day and most major bank stocks in the green.

However, Wells Fargo (NYSE: WFC) was a big standout, with shares rising by more than 5% to their highest level since June.

Image source: Wells Fargo.

Source Fool.com

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