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

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 lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.5%. By the end of trading, Credit Suisse Group fell 49 cents (-1.9%) to $25.91 on average volume. Throughout the day, two million shares of Credit Suisse Group exchanged hands as compared to its average daily volume of 1.9 million shares. The stock ranged in price between $25.65-$26.18 after having opened the day at $25.97 as compared to the previous trading day's close of $26.40. Other companies within the Banking industry that declined today were: First Security Group ( FSGI), down 9.1%, Citizens First Corporation ( CZFC), down 5.5%, Carolina Trust Bank ( CART), down 4.8%, and Magyar Bancorp ( MGYR), down 4.2%.
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Credit Suisse Group AG, together with its subsidiaries, provides various financial services to private, corporate, institutional, and government clients, as well as high-net-worth individuals worldwide. Credit Suisse Group has a market cap of $34.56 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 8.8% year to date as of the close of trading on Wednesday. Currently there are two 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 generally disappointing historical performance in the stock itself, disappointing return on equity and weak operating cash flow.

On the positive front, PSB Holdings ( PSBH), up 16.8%, Sterling Bancorp ( STL), up 13.2%, Broadway Financial ( BYFC), up 11.3%, and Sumitomo Mitsui Financial Group ( SMFG), up 9.9%, were all gainers within the banking industry with JPMorgan Chase ( JPM) 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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