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

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 higher today making it today's featured banking winner. The industry as a whole closed the day down 0.4%. By the end of trading, Royal Bank Of Canada rose $0.87 (1.4%) to $62.29 on average volume. Throughout the day, 793,066 shares of Royal Bank Of Canada exchanged hands as compared to its average daily volume of 546,700 shares. The stock ranged in a price between $61.07-$62.41 after having opened the day at $61.11 as compared to the previous trading day's close of $61.42. Other companies within the Banking industry that increased today were: Credit Suisse ( DGAZ), up 8.0%, Carver Bancorp ( CARV), up 7.6%, Credit Suisse ( TVIX), up 7.5% and Parke Bancorp ( PKBK), up 6.0%.

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 $88.9 billion and is part of the financial sector. Shares are down 8.6% year to date as of the close of trading on Tuesday. 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 stock has had a generally disappointing performance in the past year.

On the negative front, Credit Suisse ( UGAZ), down 11.0%, Chemung Financial Corporation ( CHMG), down 6.9%, Hampton Roads Bankshares ( HMPR), down 6.5% and Greene County Bancorp ( GCBC), down 6.2% , were all laggards within the banking industry with Credicorp ( BAP) 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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