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3 Banking Stocks Pushing The Industry Higher

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 44 points (-0.3%) at 15,417 as of Friday, July 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,253 issues advancing vs. 1,644 declining with 132 unchanged.

The Banking industry currently sits up 0.1% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Bank of America Corporation ( BAC), up 1.4%, and Citigroup ( C), up 1.1%.

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

3. Lloyds Banking Group ( LYG) is one of the companies pushing the Banking industry higher today. As of noon trading, Lloyds Banking Group is up $0.04 (1.0%) to $4.08 on heavy volume. Thus far, 1.8 million shares of Lloyds Banking Group exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $4.03-$4.10 after having opened the day at $4.05 as compared to the previous trading day's close of $4.04.

Lloyds Banking Group plc provides banking and financial services to personal, commercial, and corporate customers in the United Kingdom and internationally. The company operates in four divisions: Retail; Commercial Banking; Wealth, Asset Finance, and International; and Insurance. Lloyds Banking Group has a market cap of $70.6 billion and is part of the financial sector. Shares are up 24.1% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Lloyds Banking Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Lloyds Banking Group as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Lloyds Banking Group Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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