"Banks had taken a brutal beating over the last two years was brutal; the S&P Sector SPDR Financials dropped 72.0% from its high last September to its low in March," notes Brandon Clay.
In his Invest with an Edge, he explains, "One bank in particular is exerting itself again as a dominant player: Wells Fargo & Company (NYSE: WFC)." Here's his review.
"The painful declines in bank stocks appear to have stopped for now, as bank stocks have exploded off the March lows. As we've observed, financials have 'friends in high places.'
"Banks in general are showing promise as credit becomes easier. There's still a long way to go for complete recovery, but the trend is pointing up.

"Some sectors tend to do better than others in tough times; biotechnology often surprises investors in good times and bad," suggests 

