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 0.8%. By the end of trading, Credit Suisse Group rose 42 cents (1.5%) to $28.88 on average volume. Throughout the day, 1.9 million shares of Credit Suisse Group exchanged hands as compared to its average daily volume of 1.6 million shares. The stock ranged in a price between $28.64-$28.99 after having opened the day at $28.70 as compared to the previous trading day's close of $28.46. Other companies within the Banking industry that increased today were:
Porter Bancorp (
PBIB), up 31.4%,
Jacksonville Bancorp Inc (FL (
JAXB), up 29.6%,
Old Second Bancorp (
OSBC), up 14.5%, and
NewBridge Bancorp (
NBBC), up 9.8%.
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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 $36.79 billion and is part of the financial sector. The company has a P/E ratio of 9.5, below the S&P 500 P/E ratio of 17.7. Shares are up 15.9% year to date as of the close of trading on Friday. Currently there are three analysts that rate Credit Suisse Group a buy, no analysts rate it a sell, and none rate 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 deteriorating net income, disappointing return on equity, weak operating cash flow 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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