Royal Bank Of Canada (RY): Today's Featured Banking Winner

Royal Bank Of Canada was a winner within the banking industry, rising $0.60 (1.0%) to $60.38 on light volume
By TheStreet Wire ,

Royal Bank Of Canada

(

RY

) 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, Royal Bank Of Canada rose $0.60 (1.0%) to $60.38 on light volume. Throughout the day, 518,777 shares of Royal Bank Of Canada exchanged hands as compared to its average daily volume of 732,600 shares. The stock ranged in a price between $59.78-$60.38 after having opened the day at $59.89 as compared to the previous trading day's close of $59.78. Other companies within the Banking industry that increased today were:

Pathfinder Bancorp

(

PBHC

), up 18.3%,

Farmers Capital Bank Corporation

(

FFKT

), up 7.8%,

Village Bank and Trust Financial Corporatio

(

VBFC

), up 7.6% and

Guaranty Federal

(

GFED

), up 6.1%.

Royal Bank of Canada provides personal and commercial banking, wealth management, insurance, investor and treasury, and capital markets services worldwide. Royal Bank Of Canada has a market cap of $85.9 billion and is part of the financial sector. Shares are down 1.3% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate Royal Bank Of Canada a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Royal Bank Of Canada as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity 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.

On the negative front,

Bank Bradesco

(

BBDO

), down 10.2%,

Central Federal

(

CFBK

), down 6.2%,

Carolina Trust Bank

(

CART

), down 5.2% and

Cascade Bancorp

(

CACB

), down 4.5% , were all laggards within the banking industry with

Northern Trust Corporation

(

NTRS

) 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

).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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