Credicorp Ltd (BAP): Today's Featured Banking Laggard
(
) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day down 0.1%. By the end of trading, Credicorp fell $4.46 (-3.8%) to $113.50 on heavy volume. Throughout the day, 1,102,724 shares of Credicorp exchanged hands as compared to its average daily volume of 350,200 shares. The stock ranged in price between $112.05-$118.39 after having opened the day at $118.39 as compared to the previous trading day's close of $117.96. Other companies within the Banking industry that declined today were:
(
), down 7.0%,
(
), down 5.1%,
(
), down 4.8% and
Royal Bancshares of Pennsylvania
(
), down 4.8%.
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 $9.5 billion and is part of the financial sector. Shares are down 18.6% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Credicorp a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Credicorp
as a
. 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.
- You can view the full Credicorp Ratings Report.
On the positive front,
(
), up 16.7%,
(
), up 16.1%,
(
), up 9.1% and
(
), up 7.1% , were all gainers within the banking industry with
(
) being today's featured banking industry leader.
- Use our banking section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider
(
) while those bearish on the banking industry could consider
ProShares Short KBW Regional Bankng
(
).
- Find other investment ideas from our top rated ETFs lists.
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