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.UBS ( UBS) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 0.6%. By the end of trading, UBS rose $0.21 (1.0%) to $21.05 on average volume. Throughout the day, 1,830,511 shares of UBS exchanged hands as compared to its average daily volume of 2,187,700 shares. The stock ranged in a price between $20.95-$21.13 after having opened the day at $20.96 as compared to the previous trading day's close of $20.84. Other companies within the Banking industry that increased today were: VelocityShares 3x Long Natural Gas ETN ( UGAZ), up 12.0%, First Security Group ( FSGI), up 7.6%, VelocityShares 3x Long Silver ETN linked to ( USLV), up 7.0% and Home Bancorp ( HBCP), up 7.0%.
UBS AG, a financial services firm, provides wealth management, asset management, and investment banking products and services worldwide. Its Wealth Management division provides financial services to high net worth individuals worldwide. UBS has a market cap of $80.1 billion and is part of the financial sector. Shares are up 8.3% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate UBS a buy, no analysts rate it a sell, and none rate it a hold. TheStreet Ratings rates UBS as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.