In the following video, Motley Fool financial analysts David Hanson and Matt Koppenheffer look at a statistic from the technical-analysis side of things, saying that 98% of financial stocks are currently trading above their 50-day moving averages. Could this be an indicator that financial stocks are overheated? David talks about the financial sector as a whole and whether he thinks it's gotten too frothy compared with the broader market, and he gives investors one financial stock that he'd be glad to hold even if financial stocks did experience a major pullback.
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, 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.
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