5 Stocks Pushing The Banking Industry Lower
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our modelAll three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 22 points (0.2%) at 12,810 as of Wednesday, Nov. 21, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,635 issues advancing vs. 1,204 declining with 167 unchanged.The Banking industry currently is unchanged today versus the S&P 500, which is up 0.0%. On the negative front, top decliners within the industry include Woori Finance Holdings (WF), down 2.7%, KB Financial Group (KB), down 2.1% and Deutsche Bank (DB), down 1.1%. A company within the industry that increased today was Canadian Imperial Bank of Commerce (CM), up 0.5%.TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:5. BB&T (BBT) is one of the companies pushing the Banking industry lower today. As of noon trading, BB&T is down $0.27 (-0.9%) to $28.18 on light volume Thus far, 1.3 million shares of BB&T exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $28.18-$28.52 after having opened the day at $28.52 as compared to the previous trading day's close of $28.45. BB&T Corporation operates as a financial holding company for Branch Banking and Trust Company that provides various banking and trust services for retail and commercial clients. BB&T has a market cap of $19.9 billion and is part of the financial sector. The company has a P/E ratio of 11.1, below the S&P 500 P/E ratio of 17.7. Shares are up 12.8% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate BB&T a buy, 1 analyst rates it a sell, and 19 rate it a hold.TheStreet Ratings rates BB&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full BB&T Ratings Report now.Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade
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