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.
(
) 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:
(
), up 25.6%,
(
), up 6.6%,
(
), up 6.5% and
(
), 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
. 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 negative front,
(
), down 10.2%,
(
), down 6.8%,
First Community Bancshares Inc Bluefield
(
), down 6.7% and
(
), down 5.4%.
- 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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