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3 Banking Stocks On The Rise

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.

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 34 points (0.2%) at 16,956 as of Friday, June 20, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,547 issues advancing vs. 1,406 declining with 177 unchanged.

The Banking industry currently sits up 0.2% versus the S&P 500, which is up 0.1%. A company within the industry that increased today was Wells Fargo ( WFC), up 1.0%. On the negative front, top decliners within the industry include Deutsche Bank ( DB), down 3.3%, Credit Suisse Group ( CS), down 1.2% and Citigroup ( C), down 0.7%.

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

3. BB&T ( BBT) is one of the companies pushing the Banking industry higher today. As of noon trading, BB&T is up $0.33 (0.9%) to $39.16 on average volume. Thus far, 1.8 million shares of BB&T exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $38.99-$39.27 after having opened the day at $39.00 as compared to the previous trading day's close of $38.83.

BB&T Corporation operates as a financial holding company that provides various banking and trust services for retail and commercial clients. BB&T has a market cap of $27.9 billion and is part of the financial sector. Shares are up 4.0% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts who rate BB&T a buy, 1 analyst rates it a sell, and 15 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 increase in stock price during the past year, increase in net income, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full BB&T 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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