10/11 Financial Sector Update

1 Mo: 1.74% 3 Mo: -18.55% 1 Yr: -18.26%

The financial sector saw a slight gain this past month, coming in under the S&P500 which saw about a 3.5% gain.

Some of the larger financial banks are seeing modest gains over the past month, however. Namely, Wells Fargo has reached a 10.76% gain over the past month, albeit the gain was bouncy, Wells Fargo (WFC) saw multiple bottom formation as it continuously hit around the $23.00 mark.

It recently pushed past the 50 day moving average which is a positive sign for the stock.

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