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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 was unchanged today. By the end of trading, Credicorp rose $6.77 (5.4%) to $131.90 on heavy volume. Throughout the day, 877,582 shares of Credicorp exchanged hands as compared to its average daily volume of 444,400 shares. The stock ranged in a price between $125.29-$132.40 after having opened the day at $125.47 as compared to the previous trading day's close of $125.13. Other companies within the Banking industry that increased today were: Carver Bancorp ( CARV), up 14.2%, Greene County Bancorp ( GCBC), up 7.7%, Sound Financial Bancorp ( SFBC), up 6.5% and Stewardship Financial Corporation ( SSFN), up 6.4%.

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 $9.8 billion and is part of the financial sector. Shares are down 14.6% year to date as of the close of trading on Friday. 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 increase in stock price during the past year. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive.

On the negative front, Credit Suisse ( DSLV), down 13.0%, Credit Suisse ( DGAZ), down 7.2%, Oneida Financial Corporation ( ONFC), down 7.0% and Anchor Bancorp ( ANCB), down 6.1% , were all laggards within the banking industry with State Street ( STT) being today's banking industry laggard.

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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