3 Stocks Driving The Banking 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.
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 191 points (-1.1%) at 17,944 as of Friday, March 6, 2015, 12:00 PM ET. The NYSE advances/declines ratio sits at 450 issues advancing vs. 2,590 declining with 113 unchanged.
The Banking industry currently sits up 0.2% versus the S&P 500, which is down 1.1%. Top gainers within the industry include
(
), up 1.9%, and
(
), up 0.6%. A company within the industry that fell today was
(
), up 0.9%.
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, BB&T is up $0.53 (1.4%) to $38.50 on average volume. Thus far, 2.3 million shares of BB&T exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $38.14-$39.00 after having opened the day at $38.22 as compared to the previous trading day's close of $37.97.
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 $27.3 billion and is part of the financial sector. Shares are down 2.4% year-to-date as of the close of trading on Thursday. Currently there are 9 analysts who rate BB&T a buy, no analysts rate it a sell, and 12 rate it a hold.
TheStreet Ratings rates
BB&T
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, expanding profit margins, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full
now.
2. As of noon trading,
(
) is up $0.70 (1.7%) to $41.92 on average volume. Thus far, 1.9 million shares of SunTrust Banks exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $41.36-$42.39 after having opened the day at $41.40 as compared to the previous trading day's close of $41.22.
SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services in the United States. The company operates in three segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. SunTrust Banks has a market cap of $21.4 billion and is part of the financial sector. Shares are down 1.6% year-to-date as of the close of trading on Thursday. Currently there are 9 analysts who rate SunTrust Banks a buy, no analysts rate it a sell, and 10 rate it a hold.
TheStreet Ratings rates
SunTrust Banks
as a
. The company's strengths can be seen in multiple areas, such as its expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full
now.
1. As of noon trading,
(
) is up $2.00 (2.2%) to $94.54 on heavy volume. Thus far, 2.2 million shares of PNC Financial Services Group exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $92.76-$95.21 after having opened the day at $92.76 as compared to the previous trading day's close of $92.54.
The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. PNC Financial Services Group has a market cap of $47.9 billion and is part of the financial sector. Shares are up 1.4% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts who rate PNC Financial Services Group a buy, 1 analyst rates it a sell, and 11 rate it a hold.
TheStreet Ratings rates
PNC Financial Services Group
as a
. The company's strengths can be seen in multiple areas, such as its expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full
PNC Financial Services Group Ratings Report
now.
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
(
).
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