Wells Fargo Breaks Out from Double-Bottom Base amid RotationWells Fargo & CompanyBATS:WFCfinvestnomicsAs capital continues to rotate into the financial sector, many financial stocks are building strong uptrends, and WFC is beginning to participate in the move. The stock has broken above and successfully retested the $83 level from a double-bottom base, signaling the start of a new uptrend supported by key moving average cross. Wells Fargo & Company is a $261.68 billion market-cap bank holding company and diversified financial services provider. The company operates through three segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. It offers personal, small business, and commercial banking services across the United States and internationally through physical branches, digital channels, and various subsidiaries engaged in mortgage banking, consumer finance, equipment leasing, investment banking, securities brokerage, investment advisory, and venture capital activities. WFC is a wide-moat company, benefiting from its large deposit franchise, scale advantages, and diversified financial services platform. The company has delivered revenue and EPS growth over the last three quarters. Operating and net margins stand at 29% and 25%, respectively, while ROE and ROIC are 12% and 6%. Its current ratio and debt-to-equity ratio are 1.0x and 2.6x, although leverage measures for large banks should be evaluated within the context of the banking industry, where higher debt levels are an inherent part of the business model.