5 Stocks Pushing The Banking Industry Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.2%) at 12,810 as of Wednesday, Nov. 21, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,635 issues advancing vs. 1,204 declining with 167 unchanged.

The Banking industry currently is unchanged today versus the S&P 500, which is up 0.0%. A company within the industry that increased today was Canadian Imperial Bank of Commerce ( CM), up 0.5%. On the negative front, top decliners within the industry include Woori Finance Holdings ( WF), down 2.7%, KB Financial Group ( KB), down 2.1% and Deutsche Bank ( DB), down 1.1%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today:

5. HDFC Bank ( HDB) is one of the companies pushing the Banking industry higher today. As of noon trading, HDFC Bank is up $1.07 (2.7%) to $40.12 on average volume Thus far, 347,757 shares of HDFC Bank exchanged hands as compared to its average daily volume of 513,100 shares. The stock has ranged in price between $39.05-$40.35 after having opened the day at $39.50 as compared to the previous trading day's close of $39.05.

HDFC Bank Limited, together with its subsidiaries, provides retail banking, wholesale banking, treasury, and other financial services to individual and business customers in India. HDFC Bank has a market cap of $30.4 billion and is part of the financial sector. The company has a P/E ratio of 31.6, above the S&P 500 P/E ratio of 17.7. Shares are up 47.7% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates HDFC Bank a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates HDFC Bank as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, growth in earnings per share, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full HDFC Bank Ratings Report now.

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4. As of noon trading, Bank of Montreal ( BMO) is up $0.37 (0.6%) to $58.99 on light volume Thus far, 108,686 shares of Bank of Montreal exchanged hands as compared to its average daily volume of 402,600 shares. The stock has ranged in price between $58.58-$59.16 after having opened the day at $58.63 as compared to the previous trading day's close of $58.62.

Bank of Montreal, together with its subsidiaries, provides various retail banking, wealth management, and investment banking products and services in North America and internationally. Bank of Montreal has a market cap of $37.9 billion and is part of the financial sector. The company has a P/E ratio of 9.6, below the S&P 500 P/E ratio of 17.7. Shares are up 7.0% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Bank of Montreal a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Bank of Montreal as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and compelling growth in net income. However, as a counter to these strengths, we find that the stock has experienced relatively poor performance when compared with the S&P 500 during the past year. Get the full Bank of Montreal Ratings Report now.

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3. As of noon trading, Banco Santander ( SAN) is up $0.05 (0.7%) to $7.28 on light volume Thus far, 1.2 million shares of Banco Santander exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $7.26-$7.32 after having opened the day at $7.28 as compared to the previous trading day's close of $7.23.

Banco Santander-Chile provides commercial and retail banking services to corporate and individual customers in Chile. Banco Santander has a market cap of $72.6 billion and is part of the financial sector. The company has a P/E ratio of 0.0, below the S&P 500 P/E ratio of 17.7. Shares are down 3.9% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate Banco Santander a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Banco Santander as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, premium valuation and deteriorating net income. Get the full Banco Santander Ratings Report now.

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2. As of noon trading, Toronto-Dominion Bank ( TD) is up $0.60 (0.8%) to $80.95 on light volume Thus far, 127,216 shares of Toronto-Dominion Bank exchanged hands as compared to its average daily volume of 379,700 shares. The stock has ranged in price between $80.37-$81.06 after having opened the day at $80.48 as compared to the previous trading day's close of $80.35.

The Toronto-Dominion Bank, together with its subsidiaries, provides financial and banking services in North America and internationally. The company's Canadian Personal and Commercial Banking segment offers various financial products and services to personal and small business customers. Toronto-Dominion Bank has a market cap of $73.0 billion and is part of the financial sector. The company has a P/E ratio of 11.6, below the S&P 500 P/E ratio of 17.7. Shares are up 8.4% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Toronto-Dominion Bank a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Toronto-Dominion Bank as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, compelling growth in net income and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Toronto-Dominion Bank Ratings Report now.

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1. As of noon trading, Bank of America Corporation ( BAC) is up $0.08 (0.8%) to $9.71 on average volume Thus far, 60.7 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 152.0 million shares. The stock has ranged in price between $9.65-$9.77 after having opened the day at $9.68 as compared to the previous trading day's close of $9.63.

Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services to individual consumers, small-and middle-market businesses, institutional investors, corporations, and governments in the United States and internationally. Bank of America Corporation has a market cap of $102.3 billion and is part of the financial sector. The company has a P/E ratio of 13.8, below the S&P 500 P/E ratio of 17.7. Shares are up 70.7% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Bank of America Corporation a buy, 2 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Bank of America Corporation as a hold. 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. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and generally higher debt management risk. Get the full Bank of America Corporation Ratings Report now.

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If you are interested in one of these 5 stocks, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).

A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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