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

Stock quotes in this article: BAP

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 up 0.2%. By the end of trading, Credicorp rose $4.25 (2.9%) to $149.25 on average volume. Throughout the day, 409,699 shares of Credicorp exchanged hands as compared to its average daily volume of 372,900 shares. The stock ranged in a price between $144.32-$149.35 after having opened the day at $144.82 as compared to the previous trading day's close of $145.00. Other companies within the Banking industry that increased today were: BBX Capital ( BBX), up 9.0%, Bbva Banco FrancesS.A ( BFR), up 4.5%, Village Bank and Trust Financial ( VBFC), up 4.5% and Atlantic Coast Financial ( ACFC), up 4.4%.

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 $11.5 billion and is part of the financial sector. The company has a P/E ratio of 12.9, below the S&P 500 P/E ratio of 17.7. Shares are up 9.2% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Credicorp a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Credicorp as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and premium valuation.

On the negative front, Community Bank Shares of Indiana ( CBIN), down 7.3%, Royal Bancshares of Pennsylvania ( RBPAA), down 7.1%, Carolina Bank Holdings ( CLBH), down 4.9% and United Security ( USBI), down 3.4% , were all laggards within the banking industry with SVB Financial Group ( SIVB) 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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