3 Banking Stocks Moving The Industry Upward
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 44 points (0.2%) at 18,603 as of Wednesday, July 20, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,983 issues advancing vs. 916 declining with 144 unchanged.
The Banking industry currently is unchanged today versus the S&P 500, which is up 0.4%. Top gainers within the industry include
(
), up 2.8%, and
(
), up 0.8%.
TheStreet would like to highlight 3 stocks pushing the industry higher today:
3.
(
) is one of the companies pushing the Banking industry higher today. As of noon trading, ING Groep is up $0.15 (1.4%) to $10.91 on light volume. Thus far, 1.2 million shares of ING Groep exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $10.86-$10.98 after having opened the day at $10.92 as compared to the previous trading day's close of $10.76.
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ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates through Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. ING Groep has a market cap of $41.8 billion and is part of the financial sector. Shares are down 20.1% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates ING Groep a buy, 1 analyst rates it a sell, and none rate it a hold.
TheStreet Ratings rates
ING Groep
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and a generally disappointing performance in the stock itself. Get the full
now.
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2. As of noon trading,
(
) is up $0.19 (1.6%) to $11.51 on light volume. Thus far, 1.7 million shares of Credit Suisse Group exchanged hands as compared to its average daily volume of 5.3 million shares. The stock has ranged in price between $11.40-$11.55 after having opened the day at $11.49 as compared to the previous trading day's close of $11.32.
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Credit Suisse Group AG, together with its subsidiaries, provides various financial services worldwide. It operates through Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, and Investment Banking & Capital Markets segments. Credit Suisse Group has a market cap of $22.3 billion and is part of the financial sector. Shares are down 47.8% year-to-date as of the close of trading on Tuesday. Currently there are no analysts who rate Credit Suisse Group a buy, 1 analyst rates it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Credit Suisse Group
as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full
Credit Suisse Group Ratings Report
now.
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1. As of noon trading,
(
) is up $0.22 (1.6%) to $14.23 on light volume. Thus far, 1.5 million shares of Deutsche Bank exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $14.01-$14.28 after having opened the day at $14.13 as compared to the previous trading day's close of $14.01.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Deutsche Bank AG provides investment, financial, and related products and services worldwide. The company operates through Global Markets; Corporate & Investment Banking; Private, Wealth and Commercial Clients; Postbank, Deutsche Asset Management; and Non-Core Operations Unit segments. Deutsche Bank has a market cap of $19.9 billion and is part of the financial sector. Shares are down 42.0% year-to-date as of the close of trading on Tuesday. Currently there are no analysts who rate Deutsche Bank a buy, 1 analyst rates it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Deutsche Bank
as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the banking industry could consider
(
) while those bearish on the banking industry could consider
ProShares Short KBW Regional Bankng
(
).