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TheStreet Open House
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

3 Banking Stocks Driving The Industry Higher

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 lower today with the Dow Jones Industrial Average ( ^DJI) trading down 48 points (-0.3%) at 16,864 as of Wednesday, July 30, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,073 issues advancing vs. 1,897 declining with 171 unchanged.

The Banking industry currently sits up 0.4% versus the S&P 500, which is down 0.1%. Top gainers within the industry include HDFC Bank ( HDB), up 1.0%, Mitsubishi UFJ Financial Group ( MTU), up 0.9%, Citigroup ( C), up 0.9% and Wells Fargo ( WFC), up 0.7%. A company within the industry that fell today was Credit Suisse Group ( CS), up 1.0%.

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

3. Royal Bank of Scotland Group (The ( RBS) is one of the companies pushing the Banking industry higher today. As of noon trading, Royal Bank of Scotland Group (The is up $0.29 (2.4%) to $12.24 on heavy volume. Thus far, 905,482 shares of Royal Bank of Scotland Group (The exchanged hands as compared to its average daily volume of 775,200 shares. The stock has ranged in price between $12.19-$12.30 after having opened the day at $12.20 as compared to the previous trading day's close of $11.95.

The Royal Bank of Scotland Group plc, through its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers worldwide. Royal Bank of Scotland Group (The has a market cap of $68.3 billion and is part of the financial sector. Shares are up 5.5% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates Royal Bank of Scotland Group (The a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Royal Bank of Scotland Group (The as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and expanding profit margins. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Royal Bank of Scotland Group (The 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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