3 Stocks Dragging The Banking Industry Downward
1. As of noon trading, Banco Santander ( SAN) is down $0.14 (-2.1%) to $6.41 on average volume. Thus far, 2.9 million shares of Banco Santander exchanged hands as compared to its average daily volume of 6.8 million shares. The stock has ranged in price between $6.36-$6.46 after having opened the day at $6.42 as compared to the previous trading day's close of $6.55. Banco Santander-Chile provides commercial and retail banking services to corporate and individual customers in Chile. Banco Santander has a market cap of $69.5 billion and is part of the financial sector. Shares are down 21.3% year to date as of the close of trading on Thursday. Currently there are no analysts that rate Banco Santander a buy, 1 analyst rates it a sell, and 3 rate it a hold. TheStreet Ratings rates Banco Santander as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, premium valuation and deteriorating net income. Get the full Banco Santander Ratings Report now. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more. If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).
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