Ocwen Financial Corporation (OCN): 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 up 0.2%. By the end of trading, Ocwen Financial Corporation fell $0.87 (-2.0%) to $42.87 on light volume. Throughout the day, 1,350,022 shares of Ocwen Financial Corporation exchanged hands as compared to its average daily volume of 2,525,800 shares. The stock ranged in price between $42.72-$44.29 after having opened the day at $43.91 as compared to the previous trading day's close of $43.74. Other companies within the Banking industry that declined today were:
Credit Suisse
(
DOIL
), down 12.4%,
(
), down 9.2%,
(
), down 7.3% and
(
), down 6.5%.
Ocwen Financial Corporation, through its subsidiaries, engages in the servicing and origination of mortgage loans in the United States and internationally. Ocwen Financial Corporation has a market cap of $5.7 billion and is part of the financial sector. Shares are up 26.5% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate Ocwen Financial Corporation a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
Ocwen Financial Corporation
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive.
- You can view the full Ocwen Financial Corporation Ratings Report.
On the positive front,
(
), up 19.8%,
(
), up 8.0%,
(
), up 7.9% and
(
), up 7.2% , 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.
null