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3 Banking Stocks Dragging The Industry Down

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 77 points (-0.5%) at 16,767 as of Thursday, June 12, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,294 issues advancing vs. 1,659 declining with 161 unchanged.

The Banking industry currently sits down 0.2% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include UBS ( UBS), down 1.2%, and Citigroup ( C), down 0.5%. A company within the industry that increased today was Mitsubishi UFJ Financial Group ( MTU), up 1.9%.

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

3. Deutsche Bank ( DB) is one of the companies pushing the Banking industry lower today. As of noon trading, Deutsche Bank is down $0.21 (-0.6%) to $37.77 on average volume. Thus far, 601,927 shares of Deutsche Bank exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $37.74-$37.95 after having opened the day at $37.93 as compared to the previous trading day's close of $37.98.

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services worldwide. Its Corporate Banking & Securities division is engaged in selling, trading, and structuring a range of fixed income, equity, equity-linked, foreign exchange, and commodities products. Deutsche Bank has a market cap of $38.9 billion and is part of the financial sector. Shares are down 17.4% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Deutsche Bank a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates Deutsche Bank as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full Deutsche Bank Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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