by Portfolio Grader | December 19, 2012 4:00 pm
The grades of nine Commercial Banking stocks are on the rise this week on Portfolio Grader[1]. Each of these stocks is rated an “A” (“strong buy”) or “B” overall (“buy”).
This week, Westpac Banking (NYSE:WBK[2]) is showing good progress as the company’s rating jumps from a B (“buy”) last week to an A (“strong buy”). Westpac provides a range of banking and financial services, including retail, business and institutional banking, and wealth management services. In Portfolio Grader’s specific subcategory of Cash Flow, WBK also gets an A. The stock price has risen 5.7% over the past month, better than the 4.3% increase the S&P 500 has seen over the same period of time. At present, the stock has a dividend yield of 8.7%. For more information, get Portfolio Grader’s complete analysis of WBK stock[3].
This week, Pacific Continental Corp. (NASDAQ:PCBK[4]) is showing significant improvement as the company’s rating hops from a C (“hold”) to a B (“buy”). Pacific Continental Bank is a bank holding company that provides commercial banking, financing, and mortgage lending in parts of Washington state and Oregon. For more information, get Portfolio Grader’s complete analysis of PCBK stock[5].
The rating of Banco Latinoamericano de Comercio Exterior (NYSE:BLX[6]) moves up this week, rising from a C to a B. Banco Latinoamericano de Comercio Exterior is a specialized supranational bank that provides trade financing to selected commercial banks and corporations. The stock’s trailing PE Ratio is 8.30. For more information, get Portfolio Grader’s complete analysis of BLX stock[7].
Bank of Montreal’s (NYSE:BMO[8]) ratings are looking better this week, moving up to a B from last week’s C. Bank of Montreal provides various retail banking, wealth management, and investment banking products and services in North America and internationally. The stock has a dividend yield of 2.9%. The stock currently has a trailing PE Ratio of 9.90. For more information, get Portfolio Grader’s complete analysis of BMO stock[9].
Century Bancorp (NASDAQ:CNBKA[10]) earns a B this week, jumping up from last week’s grade of C. Century Bancorp offers business, personal, and institutional services. Wall Street seems to agree with the upgrade and has propelled the stock up 11.3% over the past month. For more information, get Portfolio Grader’s complete analysis of CNBKA stock[11].
HSBC Holdings (NYSE:HBC[12]) boosts its rating from a C to a B this week. HSBC Holdings is the holding company for the HSBC Group. Investors have pushed the stock price up 6.3% over the past month. For more information, get Portfolio Grader’s complete analysis of HBC stock[13].
ICICI Bank (NYSE:IBN[14]) is seeing ratings go up from a B last week to a A this week. ICICI Bank operates a network of bank’s located throughout India. Wall Street has pushed the stock higher by 16.7% over the past month. For more information, get Portfolio Grader’s complete analysis of IBN stock[15].
This is a strong week for Sumitomo Mitsui Financial Group (NYSE:SMFG[16]). The company’s rating climbs to B from the previous week’s C. Sumitomo Mitsui Financial Group provides commercial banking and a variety of financial services. Investors seem to agree with the upgraded status of the stock, and have pushed the stock up 7% over the past month. For more information, get Portfolio Grader’s complete analysis of SMFG stock[17].
BNC Bancorp (NASDAQ:BNCN[18]) improves from a C to a B rating this week. BNC Bancorp offers products and services to individuals and small- to medium-sized local businesses. Wall Street has pushed the stock higher by 5% over the past month. For more information, get Portfolio Grader’s complete analysis of BNCN stock[19].
Louis Navellier’s proprietary Portfolio Grader[1] stock ranking system assesses roughly 5,000 companies every week based on a number of fundamental and quantitative measures. Stocks are given a letter grade based on their results — with A being “strong buy,” and F being “strong sell.” Explore the tool here[20].
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