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Wells Fargo Leading Financial Stocks Lower

Well farco & Co.(NYSE:WFC) is trading lower this morning by 0.56 cents to $28.67. This leading financial stock is the weakest of the four major banks stocks today. J.P. Morgan Chase & Co.(NYSE:JPM) and Citigroup Inc.(NYSE:C) are basically trading flat this morning, meanwhile, Bank of America corp.(NYSE:BAC) is actually trading higher by 0.22 cents to $12.57. Last week the banks stocks surged higher after the Federal Reserve said that they could raise their dividend to shareholders.

Wells Fargo & Co. will have short term intra-day support around the $28.50 and $28.00 levels. Both areas could see small short term intra-day bounces.