Credicorp Ltd (BAP): 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

Credicorp ( BAP) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day down 0.5%. By the end of trading, Credicorp rose $2.16 (1.6%) to $140.05 on average volume. Throughout the day, 337,803 shares of Credicorp exchanged hands as compared to its average daily volume of 304,300 shares. The stock ranged in a price between $137.46-$140.59 after having opened the day at $138.07 as compared to the previous trading day's close of $137.89. Other companies within the Banking industry that increased today were: Mizuho Financial Group ( MFG), up 7.3%, Sumitomo Mitsui Financial Group ( SMFG), up 7.1%, United Security ( USBI), up 6.7% and Jacksonville Bancorp ( JAXB), up 5.9%.
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Credicorp Ltd., through its subsidiaries, provides financial services primarily in Peru, the Cayman Islands, Bolivia, Chile, Colombia, and Panama. It operates in four segments: Banking, Insurance, Pension Funds, and Investment Banking. Credicorp has a market cap of $11.0 billion and is part of the financial sector. The company has a P/E ratio of 13.9, below the S&P 500 P/E ratio of 17.7. Shares are down 6.1% year to date as of the close of trading on Monday. 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 hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive.

On the negative front, Credit Suisse ( UOIL), down 6.5%, Sussex Bancorp ( SBBX), down 6.0%, LSB Financial Corporation ( LSBI), down 6.0% and First Financial Service Corporation ( FFKY), down 5.9% , were all laggards within the banking industry with Citigroup ( C) being today's banking industry laggard.

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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Credicorp (BAP) Is Today's Strong On High Volume Stock