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3 Stocks Pushing The Banking Industry Higher

Stock quotes in this article: CS, RY, TD

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 30 points (0.2%) at 15,994 as of Thursday, Feb. 13, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,823 issues advancing vs. 1,044 declining with 196 unchanged.

The Banking industry currently is unchanged today versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include Lloyds Banking Group ( LYG), down 2.3%, Mitsubishi UFJ Financial Group ( MTU), down 1.7%, Shinhan Financial Group ( SHG), down 1.6% and PNC Financial Services Group ( PNC), down 0.7%.

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

3. Credit Suisse Group ( CS) is one of the companies pushing the Banking industry higher today. As of noon trading, Credit Suisse Group is up $0.23 (0.7%) to $31.35 on average volume. Thus far, 494,770 shares of Credit Suisse Group exchanged hands as compared to its average daily volume of 799,200 shares. The stock has ranged in price between $31.10-$31.36 after having opened the day at $31.16 as compared to the previous trading day's close of $31.12.

Credit Suisse Group AG, together with its subsidiaries, provides various financial services to private, corporate, institutional, and government clients, as well as high-net-worth individuals worldwide. Credit Suisse Group has a market cap of $49.0 billion and is part of the financial sector. Shares are up 0.3% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts who rate Credit Suisse Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Credit Suisse Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Credit Suisse 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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