Why These 5 Stocks Were in the Spotlight This Week

3. Wells Fargo & Company (NYSE:WFC)

Number of Hedge Fund Holders: 83

Wells Fargo & Company (NYSE:WFC) fell only 0.5% this week and outperformed both the broader market and its major bank peers. Although mortgage rates have gone up, much of the mortgage rate rises thus far have probably been priced in. Wells Fargo & Company (NYSE:WFC) has also decided to focus less on the mortgage business going forward. Shares of Wells Fargo & Company (NYSE:WFC) have fallen 16.2% year to date.