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

Royal Bank of Canada ( RY) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 1%. By the end of trading, Royal Bank of Canada rose $1.22 (2.4%) to $52.79 on average volume. Throughout the day, 682,564 shares of Royal Bank of Canada exchanged hands as compared to its average daily volume of 827,900 shares. The stock ranged in a price between $51.83-$52.79 after having opened the day at $52.10 as compared to the previous trading day's close of $51.57. Other companies within the Banking industry that increased today were: VelocityShares 3x Long Crude ETN ( UWTI), up 14.3%, Southern Missouri Bancorp ( SMBC), up 10.7%, First United ( FUNC), up 10.6%, and PremierWest Bancorp ( PRWT), up 9.5%.

Royal Bank of Canada provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services under the RBC name worldwide. Royal Bank of Canada has a market cap of $73.97 billion and is part of the financial sector. The company has a P/E ratio of 11.8, below the average banking industry P/E ratio of 16.4 and below the S&P 500 P/E ratio of 17.7. Shares are up 1.2% year to date as of the close of trading on Monday. Currently there are three analysts that rate Royal Bank of Canada a buy, no analysts rate it a sell, and three 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 increase in net income, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow.

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).

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