3 Stocks Underperforming Today In The Banking Industry
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 4 points (0.0%) at 18,344 as of Wednesday, July 13, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,211 issues advancing vs. 1,725 declining with 124 unchanged.
The Banking industry currently sits down 0.1% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the industry include
(
), down 1.3%, and
(
), down 0.7%. A company within the industry that increased today was
Mitsubishi UFJ Financial Group
(
), up 1.3%.
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, BB&T is down $0.36 (-1.0%) to $35.66 on average volume. Thus far, 2.1 million shares of BB&T exchanged hands as compared to its average daily volume of 4.8 million shares. The stock has ranged in price between $35.62-$36.04 after having opened the day at $36.00 as compared to the previous trading day's close of $36.02.
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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 $27.6 billion and is part of the financial sector. Shares are down 4.7% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts that rate BB&T a buy, 1 analyst rates it a sell, and 8 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, increase in net income, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
now.
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2. As of noon trading,
(
) is down $0.45 (-0.7%) to $62.75 on average volume. Thus far, 8.0 million shares of JPMorgan Chase exchanged hands as compared to its average daily volume of 16.3 million shares. The stock has ranged in price between $62.64-$63.43 after having opened the day at $63.08 as compared to the previous trading day's close of $63.20.
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JPMorgan Chase & Co. operates as a financial services company worldwide. It operates through Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Management segments. JPMorgan Chase has a market cap of $226.1 billion and is part of the financial sector. Shares are down 4.3% year-to-date as of the close of trading on Tuesday. Currently there are 14 analysts that rate JPMorgan Chase a buy, 1 analyst rates it a sell, and 4 rate it a hold.
TheStreet Ratings rates
JPMorgan Chase
as a
. The company's strengths can be seen in multiple areas, such as its expanding profit margins and attractive valuation levels. We feel its strengths outweigh the fact that the company shows weak operating cash flow. 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.
1. As of noon trading,
(
) is down $0.19 (-1.4%) to $13.35 on average volume. Thus far, 40.7 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 96.5 million shares. The stock has ranged in price between $13.32-$13.58 after having opened the day at $13.50 as compared to the previous trading day's close of $13.54.
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Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Bank of America Corporation has a market cap of $135.3 billion and is part of the financial sector. Shares are down 19.6% year-to-date as of the close of trading on Tuesday. Currently there are 15 analysts that rate Bank of America Corporation a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Bank of America Corporation
as a
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full
Bank of America Corporation Ratings Report
now.
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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
(
).