5 Commercial Banking Stocks to Sell Now

by Portfolio Grader | January 15, 2014 11:30 am

5 Commercial Banking Stocks to Sell Now

The overall ratings of five commercial banking stocks are down on Portfolio Grader[1] this week. Each of these rates a “D” (“sell”) or “F” overall (“strong sell”).

OFG Bancorp (OFG[2]) 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[3].

This week, Heritage Commerce Corp’s (HTBK[4]) 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[5].

The rating of Bank of Montreal (BMO[6]) 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[7].

Slipping from a C to a D rating, Banco Latinoamericano de Comercio Exterior, S.A. Class E (BLX[8]) 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[9].

Canadian Imperial Bank of Commerce (CM[10]) 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[11].

Louis Navellier’s proprietary Portfolio Grader[12] 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[13].

Endnotes:
  1. Portfolio Grader: http://navelliergrowth.investorplace.com/portfolio-grader/
  2. OFG: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=OFG
  3. To get an in-depth look at OFG, get Portfolio Grader’s complete analysis of OFG stock: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=OFG
  4. HTBK: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=HTBK
  5. For more information, get Portfolio Grader’s complete analysis of HTBK stock: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=HTBK
  6. BMO: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=BMO
  7. For a full analysis of BMO stock, visit Portfolio Grader: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=BMO
  8. BLX: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=BLX
  9. To get an in-depth look at BLX, get Portfolio Grader’s complete analysis of BLX stock: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=BLX
  10. CM: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=CM
  11. For a full analysis of CM stock, visit Portfolio Grader: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=CM
  12. Portfolio Grader: http://navelliergrowth.investorplace.com/portfolio-grader/
  13. here: http://navelliergrowth.investorplace.com/portfolio-grader/

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