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3 Banking Stocks Moving The Industry Upward

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 16,791 as of Thursday, June 26, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,231 issues advancing vs. 1,744 declining with 167 unchanged.

The Banking industry currently sits down 0.3% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the industry include UBS ( UBS), down 2.9%, and Mitsubishi UFJ Financial Group ( MTU), down 0.5%.

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 (0.8%) to $5.20 on average volume. Thus far, 1.8 million shares of Lloyds Banking Group exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $5.17-$5.23 after having opened the day at $5.22 as compared to the previous trading day's close of $5.16.

Lloyds Banking Group plc provides a range of banking and financial services to individuals and businesses in the United Kingdom and internationally. It operates through four segments: Retail; Commercial Banking; Wealth, Asset Finance, and International; and Insurance. Lloyds Banking Group has a market cap of $91.0 billion and is part of the financial sector. Shares are down 3.0% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and disappointing return on equity. 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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