Credicorp Ltd (BAP): Today's Featured Banking Laggard

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

Credicorp ( BAP) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.9%. By the end of trading, Credicorp fell $1.69 (-1.1%) to $148.73 on average volume. Throughout the day, 418,326 shares of Credicorp exchanged hands as compared to its average daily volume of 349,300 shares. The stock ranged in price between $148.51-$151.83 after having opened the day at $150.35 as compared to the previous trading day's close of $150.42. Other companies within the Banking industry that declined today were: Credit Suisse ( DWTI), down 10.2%, Mid Penn Bancorp ( MPB), down 6.8%, Old Second Bancorp ( OSBC), down 6.1% and Central Federal ( CFBK), down 6.0%.
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Credicorp Ltd., through its subsidiaries, provides a range of financial products and services in Peru, Bolivia, and Panama. It operates in four segments: Banking, Insurance, Pension Fund, and Brokerage and Other. Credicorp has a market cap of $12.0 billion and is part of the financial sector. The company has a P/E ratio of 16.9, below the S&P 500 P/E ratio of 17.7. Shares are up 2.7% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Credicorp a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Credicorp as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, solid stock price performance and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Credit Suisse ( DGAZ), down 17.9%, Credit Suisse ( UWTI), down 9.9%, Severn Bancorp ( SVBI), down 7.2% and Credit Suisse ( DOIL), down 6.7% , were all gainers within the banking industry with Citigroup ( C) 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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