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 0.1%. By the end of trading, Ocwen Financial Corporation rose $0.57 (1.0%) to $57.00 on light volume. Throughout the day, 764,942 shares of Ocwen Financial Corporation exchanged hands as compared to its average daily volume of 1,577,800 shares. The stock ranged in a price between $56.45-$57.57 after having opened the day at $56.45 as compared to the previous trading day's close of $56.43. Other companies within the Banking industry that increased today were:
), up 8.2%,
), up 7.0%,
), up 6.1% and
), up 5.9%.
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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 $7.7 billion and is part of the financial sector. Shares are up 64.7% year to date as of the close of trading on Wednesday. Currently there are 8 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
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.
- You can view the full Ocwen Financial Corporation Ratings Report.
On the negative front,
), down 9.7%,
), down 6.2%,
), down 5.6% and
), down 5.4% , were all laggards within the banking industry with
) being today's banking industry laggard.
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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
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