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 up 0.7%. By the end of trading, Royal Bank Of Canada rose $0.66 (1.0%) to $64.84 on average volume. Throughout the day, 415,211 shares of Royal Bank Of Canada exchanged hands as compared to its average daily volume of 552,100 shares. The stock ranged in a price between $63.83-$65.14 after having opened the day at $63.99 as compared to the previous trading day's close of $64.18. Other companies within the Banking industry that increased today were: Patriot National Bancorp ( PNBK), up 14.0%, Old Point Financial Corporation ( OPOF), up 10.9%, Credit Suisse ( UGAZ), up 7.9% and Mackinac Financial Corporation ( MFNC), up 6.8%.
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 $91.8 billion and is part of the financial sector. Shares are down 4.5% year to date as of the close of trading on Wednesday. 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 experienced relatively poor performance when compared with the S&P 500 during the past year.