Royal Bank Of Canada (RY): Today's Featured Banking Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Royal Bank Of Canada ( RY) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Royal Bank Of Canada fell $0.76 (-1.1%) to $66.32 on average volume. Throughout the day, 440,035 shares of Royal Bank Of Canada exchanged hands as compared to its average daily volume of 511,500 shares. The stock ranged in price between $66.24-$67.00 after having opened the day at $66.99 as compared to the previous trading day's close of $67.08. Other companies within the Banking industry that declined today were: Central Valley Community Bancorp ( CVCY), down 6.1%, First Capital Bancorp ( FCVA), down 6.0%, United Bancorp ( UBCP), down 5.5% and Macro Bank ( BMA), down 4.4%.

Royal Bank of Canada, a diversified financial service company, provides personal and commercial banking, wealth management, insurance, investor, and capital markets products and services worldwide. Royal Bank Of Canada has a market cap of $96.6 billion and is part of the financial sector. The company has a P/E ratio of 12.6, below the S&P 500 P/E ratio of 17.7. Shares are down 0.2% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Royal Bank Of Canada a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Royal Bank Of Canada as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and growth in earnings per share. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive.

On the positive front, Broadway Financial ( BYFC), up 6.7%, MutualFirst Financial ( MFSF), up 6.2%, Bank of Commerce Holdings ( BOCH), up 6.0% and OptimumBank Holdings ( OPHC), up 5.0% , were all gainers within the banking industry with U.S. Bancorp ( USB) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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