The overall ratings of five commercial banking stocks are down on Portfolio Grader this week. Each of these rates a “D” (“sell”) or “F” overall (“strong sell”).
OFG Bancorp (OFG) is on the decline this week, earning a D (“sell”) after receiving a C (“hold”) last week. Oriental Financial Group provides trust, money management, financial planning, and investment brokerage services, as well as consumer banking and mortgage banking. OFG also rates an F in Portfolio Grader’s specific subcategory of Earnings Surprise. The stock price has dropped 6.2% over the past month, worse than the 1.7% decrease the S&P 500 has seen over the same period of time. As of Jan. 15, 2014, 10% of outstanding OFG Bancorp shares were held short. To get an in-depth look at OFG, get Portfolio Grader’s complete analysis of OFG stock.
This week, Heritage Commerce Corp’s (HTBK) rating worsens to a D from the company’s C rating a week ago. Heritage Commerce provides various commercial and personal banking services to residents and the business/professional community in California. For more information, get Portfolio Grader’s complete analysis of HTBK stock.
The rating of Bank of Montreal (BMO) declines this week from a C to a D. Bank of Montreal provides various retail banking, wealth management, and investment banking products and services in North America and internationally. The stock also rates an F in Sales Growth. For a full analysis of BMO stock, visit Portfolio Grader.
Slipping from a C to a D rating, Banco Latinoamericano de Comercio Exterior, S.A. Class E (BLX) takes a hit this week. Banco Latinoamericano de Comercio Exterior is a specialized supranational bank that provides trade financing to selected commercial banks and corporations. To get an in-depth look at BLX, get Portfolio Grader’s complete analysis of BLX stock.
Canadian Imperial Bank of Commerce (CM) experiences a ratings drop this week, going from last week’s C to a D. Canadian Imperial Bank of Commerce is a global financial institution that serves clients through CIBC retail markets and wholesale banking. For a full analysis of CM stock, visit Portfolio Grader.
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.