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Credicorp Ltd (BAP): Today's Featured Banking Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Credicorp ( BAP) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day down 0.3%. By the end of trading, Credicorp rose $1.94 (1.7%) to $118.31 on light volume. Throughout the day, 288,937 shares of Credicorp exchanged hands as compared to its average daily volume of 415,900 shares. The stock ranged in a price between $115.61-$118.53 after having opened the day at $116.12 as compared to the previous trading day's close of $116.37. Other companies within the Banking industry that increased today were: Porter Bancorp ( PBIB), up 25.6%, Flagstar Bancorp ( FBC), up 6.6%, Credit Suisse ( DGAZ), up 6.5% and Bancorp of New Jersey ( BKJ), up 5.5%.

Credicorp Ltd., through its subsidiaries, provides financial services primarily in Peru, the Cayman Islands, Bolivia, Chile, Colombia, and Panama. It operates in four segments: Banking, Insurance, Pension Funds, and Investment Banking. Credicorp has a market cap of $9.3 billion and is part of the financial sector. Shares are down 20.6% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Credicorp a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Credicorp as a hold. The company's strengths can be seen in multiple areas, such as its robust 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 and unimpressive growth in net income.

On the negative front, Bank Bradesco ( BBDO), down 10.2%, Oneida Financial Corporation ( ONFC), down 6.8%, First Community Bancshares Inc Bluefield ( FCBC), down 6.7% and Sun Bancorp ( SNBC), down 5.4%.

For investors not wanting singular stock exposure, 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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