3 Stocks Pushing The Banking Industry Higher

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 model

All three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 21 points (-0.2%) at 12,999 as of Friday, Nov. 30, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,281 issues advancing vs. 1,584 declining with 138 unchanged.

The Banking industry currently sits down 0.1% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the industry include Royal Bank of Scotland Group (The (RBS), down 1.8%, and Lloyds Banking Group (LYG), down 0.5%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today:

3. Banco Santander (SAN) is one of the companies pushing the Banking industry higher today. As of noon trading, Banco Santander is up $0.05 (0.7%) to $7.67 on average volume Thus far, 1.5 million shares of Banco Santander exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $7.63-$7.73 after having opened the day at $7.65 as compared to the previous trading day's close of $7.62.

Banco Santander-Chile provides commercial and retail banking services to corporate and individual customers in Chile. Banco Santander has a market cap of $76.0 billion and is part of the financial sector. Shares are up 1.3% year to date as of the close of trading on Thursday. Currently there are no analysts that rate Banco Santander a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Banco Santander as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, premium valuation and deteriorating net income. Get the full Banco Santander Ratings Report now.

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