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5 Commercial Banking Stocks to Sell Now

OFG, HTBK, BMO, BLX, CM slump in weekly rankings


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.

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