3 Stocks Underperforming Today In The Banking Industry
Two out of the three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 71 points (0.4%) at 17,316 as of Monday, Nov. 16, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,543 issues advancing vs. 1,341 declining with 209 unchanged.
The Banking industry currently sits down 0.3% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the industry include
Mitsubishi UFJ Financial Group
(
), down 2.0%, and
(
), down 0.5%.
TheStreet would like to highlight 3 stocks pushing the industry lower today:
3.
(
) is one of the companies pushing the Banking industry lower today. As of noon trading, Credit Suisse Group is down $0.16 (-0.7%) to $22.94 on light volume. Thus far, 526,340 shares of Credit Suisse Group exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $22.74-$22.96 after having opened the day at $22.77 as compared to the previous trading day's close of $23.10.
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Credit Suisse Group AG, together with its subsidiaries, provides various financial services to private, corporate, institutional, government clients, and high-net-worth individuals, as well as affluent and retail clients worldwide. Credit Suisse Group has a market cap of $38.9 billion and is part of the financial sector. Shares are down 7.9% year-to-date as of the close of trading on Friday. Currently there is 1 analyst that rates Credit Suisse Group a buy, 1 analyst rates it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Credit Suisse Group
as a
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. Get the full
Credit Suisse Group Ratings Report
now.
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2. As of noon trading,
(
) is down $0.09 (-0.6%) to $14.09 on average volume. Thus far, 1.6 million shares of ING Groep N.V exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $13.94-$14.10 after having opened the day at $13.95 as compared to the previous trading day's close of $14.18.
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ING Groep N.V., a financial institution, provides banking products and services to individuals, small and medium enterprises, and mid-corporates. It operates through Retail Netherlands; Retail Belgium; Retail Germany; Retail Rest of World; and Commercial Banking segments. ING Groep N.V has a market cap of $55.5 billion and is part of the financial sector. Shares are up 9.3% year-to-date as of the close of trading on Friday. Currently there are 2 analysts that rate ING Groep N.V a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
ING Groep N.V
as a
. The area that we feel has been the company's primary weakness has been its declining revenues. Get the full
now.
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1. As of noon trading,
(
) is down $0.17 (-0.7%) to $25.34 on light volume. Thus far, 359,999 shares of Deutsche Bank exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $25.26-$25.49 after having opened the day at $25.35 as compared to the previous trading day's close of $25.51.
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Deutsche Bank AG provides investment, financial, and related products and services worldwide. Its Corporate Banking & Securities division engages in selling, trading, and structuring a range of fixed income, equity, equity-linked, foreign exchange, and commodities products. Deutsche Bank has a market cap of $35.9 billion and is part of the financial sector. Shares are down 15.0% year-to-date as of the close of trading on Friday. Currently there is 1 analyst that rates Deutsche Bank a buy, no analysts rate it a sell, and 3 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 and generally disappointing historical performance in the stock itself. 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
(
).