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

Royal Bank of Canada ( RY) 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, Royal Bank of Canada fell 44 cents (-0.8%) to $51.64 on light volume. Throughout the day, 320,952 shares of Royal Bank of Canada exchanged hands as compared to its average daily volume of 711,800 shares. The stock ranged in price between $51.34-$52.14 after having opened the day at $51.94 as compared to the previous trading day's close of $52.08. Other companies within the Banking industry that declined today were: Monarch Community Bancorp ( MCBF), down 14.3%, Peoples Financial Corporation ( PFBX), down 8.3%, WSB Holdings ( WSB), down 6.5%, and First Capital Bancorp ( FCVA), down 5.7%.

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 $74.22 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 0.8% year to date as of the close of trading on Tuesday. 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 notable return on equity, expanding profit margins and increase in net income. 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.

On the positive front, Savannah Bancorp ( SAVB), up 62.7%, Royal Bancshares of Pennsylvania ( RBPAA), up 23.5%, Central Federal ( CFBK), up 22.5%, and Ohio Legacy Corporation ( OLCB), up 16.1%, were all gainers within the banking industry with KeyCorp ( KEY) being today's featured banking industry leader.

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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