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 lower today making it today's featured Banking laggard. The industry as a whole closed the day up 1.1%. By the end of trading, Credicorp fell $1.70 (-1.4%) to $124.55 on heavy volume. Throughout the day, 583,514 shares of Credicorp exchanged hands as compared to its average daily volume of 309,400 shares. The stock ranged in price between $124.32-$126.41 after having opened the day at $125.62 as compared to the previous trading day's close of $126.25. Other companies within the Banking industry that declined today were:
), down 6.9%,
), down 6.3%,
), down 4.7% and
), down 3.4%.
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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 $10.2 billion and is part of the financial sector. The company has a P/E ratio of 12.8, below the S&P 500 P/E ratio of 17.7. Shares are down 13.2% year to date as of the close of trading on Wednesday. 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
. The company's strengths can be seen in multiple areas, such as its 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, deteriorating net income and feeble growth in the company's earnings per share.
- You can view the full Credicorp Ratings Report.
On the positive front,
), up 5.4%,
), up 4.6%,
), up 4.2% and
), up 3.8% , were all gainers within the banking industry with
) being today's featured banking industry leader.
- Use our banking section to find industry-relevant news.
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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
- Find other investment ideas from our top rated ETFs lists.