Credit Suisse Group (CS): Today's Featured Banking Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Credit Suisse Group ( CS) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 0.4%. By the end of trading, Credit Suisse Group rose $1.06 (4.9%) to $22.55 on heavy volume. Throughout the day, 5.5 million shares of Credit Suisse Group exchanged hands as compared to its average daily volume of 2.4 million shares. The stock ranged in a price between $22.26-$22.70 after having opened the day at $22.48 as compared to the previous trading day's close of $21.49. Other companies within the Banking industry that increased today were: Emclaire Financial Corporation ( EMCF), up 17.8%, National Bank of Greece ( NBG), up 16.5%, Carver Bancorp ( CARV), up 8.1%, and TIB Financial ( TIBB), up 7.7%.
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Credit Suisse Group AG, together with its subsidiaries, operates as a financial services company. The company operates in three segments: Private Banking, Investment Banking, and Asset Management. Credit Suisse Group has a market cap of $26.92 billion and is part of the financial sector. The company has a P/E ratio of 9.5, below the average banking industry P/E ratio of 51.1 and below the S&P 500 P/E ratio of 17.7. Shares are down 10.6% year to date as of the close of trading on Tuesday. Currently there are two analysts that rate Credit Suisse Group a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Credit Suisse Group as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, disappointing return on equity, deteriorating net income and feeble growth in its earnings per share.

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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