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Royal Bank Of Canada (RY): Today's Featured Financial Leader

Royal Bank of Canada (RY) pushed the Financial sector higher today making it today's featured financial leader. The sector as a whole closed the day down 0.8%. By the end of trading, Royal Bank of Canada rose 39 cents (0.8%) to $52.21 on light volume. Throughout the day, 430,929 shares of Royal Bank of Canada exchanged hands as compared to its average daily volume of 770,400 shares. The stock ranged in a price between $52-$52.46 after having opened the day at $52 as compared to the previous trading day's close of $51.82. Other companies within the Financial sector that increased today were: Guaranty Federal (GFED), up 17.2%, Farmers Capital Bank Corporation (FFKT), up 15.4%, E-House China Holdings (EJ), up 13.9%, and Power REIT (PW), up 10.3%.

Royal Bank of Canada provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services under the RBC name worldwide. Royal Bank of Canada has a market cap of $74.71 billion and is part of the banking industry. The company has a P/E ratio of 11.9, below the average banking industry P/E ratio of 16.6 and below the S&P 500 P/E ratio of 17.7. Shares are up 1.7% year to date as of the close of trading on Wednesday. Currently there are three analysts that rate Royal Bank of Canada a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Royal Bank of Canada as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow.

On the negative front, Income Opportunity Realty Investors (IOT), down 14.4%, Teucrium Agricultural Fund (TAGS), down 10.9%, Credit Suisse (DWTI), down 10.4%, and TCF Financial Corporation (TCB), down 9.8%, were all laggards within the financial sector with Bank of America Corporation (BAC) being today's financial sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR (XLF) while those bearish on the financial sector could consider Proshares Short Financials (SEF).

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DOW 15,354.40 121.18 0.80%
NASDAQ 3,498.97 33.73 0.97%
S&P 500 1,667.47 17.00 1.03%
US 10 Yr 1.949% +0.084

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