9 Commercial Banking Stocks to Buy Now

BLX, BNS, CSE, UBSH, IBN, ZION, SONA, SBNY, BPOP improve in weekly rankings

   
9 Commercial Banking Stocks to Buy Now

This week, nine Commercial Banking stocks are improving their overall rating on Portfolio Grader. Each of these rates an “A” (“strong buy”) or “B” overall (“buy”).

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) ups its rating to a B (“buy”) this week after earning a C (“hold”) in the week before. Banco Latinoamericano de Comercio Exterior is a specialized supranational bank that provides trade financing to selected commercial banks and corporations. In Portfolio Grader’s specific subcategory of Cash Flow, BLX also gets an A. Shares of BLX have increased 7.7% over the past month, better than the 7.5% increase the S&P 500 has seen over the same period of time. The stock currently has a trailing PE Ratio of 9.40. For more information, get Portfolio Grader’s complete analysis of BLX stock.

Bank of Nova Scotia (NYSE:BNS) boosts its rating from a C to a B this week. Bank of Nova Scotia offers various personal, commercial, corporate, and investment banking services in Canada and internationally. The stock has a dividend yield of 2.3%. For more information, get Portfolio Grader’s complete analysis of BNS stock.

CapitalSource (NYSE:CSE) is seeing ratings go up from a C last week to a B this week. CapitalSource is a commercial lender that provides financial products to middle-market businesses. The stock has a trailing PE Ratio of 4.10. For more information, get Portfolio Grader’s complete analysis of CSE stock.

Union First Market Bankshares (NASDAQ:UBSH) gets a higher grade this week, advancing from a C last week to a B. Union First Market is the holding company for Union First Market Bank. For more information, get Portfolio Grader’s complete analysis of UBSH stock.

ICICI Bank (NYSE:IBN) earns a B this week, jumping up from last week’s grade of C. ICICI Bank operates a network of bank’s located throughout India. For more information, get Portfolio Grader’s complete analysis of IBN stock.

Zions Bancorporation (NASDAQ:ZION) shows solid improvement this week. The company’s rating rises from a C to a B. Zions is a financial holding company that owns and operates eight commercial banks in the United States. Wall Street seems to agree with the upgrade and has propelled the stock up 7% over the past month. For more information, get Portfolio Grader’s complete analysis of ZION stock.

Southern National Bancorp of Virginia (NASDAQ:SONA) is progressing from last week’s rating of B (“buy”) as the company improves to an A (“strong buy”) this week. Southern National Bancorp of Virginia is the holding company for Sonabank. For more information, get Portfolio Grader’s complete analysis of SONA stock.

Signature Bank (NASDAQ:SBNY) improves from a C to a B rating this week. Signature Bank offers a variety of business and personal banking products and services, in addition to investment, brokerage, asset management, and insurance products and services. For more information, get Portfolio Grader’s complete analysis of SBNY stock.

This week, Popular Inc.’s (NASDAQ:BPOP) ratings are up from a C last week to a B. Popular is a publicly owned bank holding company that operates as a financial institution. Investors seem to agree with the upgraded status of the stock, and have pushed the stock up 27.4% over the past month. For more information, get Portfolio Grader’s complete analysis of BPOP stock.

Louis Navellier’s proprietary Portfolio Grader 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.


Article printed from InvestorPlace Media, http://investorplace.com/2013/01/9-commercial-banking-stocks-to-buy-now-blx-bns-cse/.

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