With the S&P 500 down nearly 3% in the past week, and the S&P's bank stocks down 3.5%, Motley Fool financials analysts Matt Koppenheffer and David Hanson take a look at which banks may be bucking the downward trend this week. They highlight one banking merger that's gone against this trend in a big way, discuss why Canadian banks are often viewed as a safer bet in times of turmoil, and tell us why Wells Fargo consistently keeps its head above water, even in rough seas.
Wells Fargo's dedication to solid, conservative banking helped it vastly outperform its peers during the financial meltdown. Today, Wells is the same great bank as ever, but with its stock trading at a premium to the rest of the industry, is there still room to buy, or is it time to cash in your gains? To help figure out whether Wells Fargo is a buy today, I invite you to download our premium research report from one of The Motley Fool's top banking analysts. Click here now for instant access to this in-depth take on Wells Fargo.
The article 3 Banks Bucking the Sell-Off originally appeared on Fool.com.
David Hanson has no position in any stocks mentioned. Matt Koppenheffer has no position in any stocks mentioned. The Motley Fool recommends The Bank of Nova Scotia (USA) and Wells Fargo. The Motley Fool owns shares of Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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