3 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

The  Dow Jones Industrial Average ( ^DJI) steady at 13,953 as of Wednesday, Jan. 30, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,129 issues advancing vs. 1,699 declining with 163 unchanged.

The Banking industry currently is unchanged today versus the S&P 500, which is down 0.0%. A company within the industry that increased today was Royal Bank of Scotland Group (The ( RBS), up 1.0%. On the negative front, top decliners within the industry include Lloyds Banking Group ( LYG), down 1.8%, Shinhan Financial Group ( SHG), down 1.2% and Banco Santander ( SAN), down 0.6%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today:

3. Mitsubishi UFJ Financial Group ( MTU) is one of the companies pushing the Banking industry higher today. As of noon trading, Mitsubishi UFJ Financial Group is up $0.04 (0.7%) to $5.51 on light volume Thus far, 477,208 shares of Mitsubishi UFJ Financial Group exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $5.47-$5.52 after having opened the day at $5.48 as compared to the previous trading day's close of $5.47.

Mitsubishi UFJ Financial Group, Inc., through its subsidiaries, provides financial services to individual and corporate customers in Japan and internationally. Mitsubishi UFJ Financial Group has a market cap of $74.4 billion and is part of the financial sector. The company has a P/E ratio of 30.6, above the S&P 500 P/E ratio of 17.7. Shares are down 3.0% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Mitsubishi UFJ Financial Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Mitsubishi UFJ Financial Group as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Mitsubishi UFJ Financial Group Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

2. As of noon trading, HDFC Bank ( HDB) is up $0.66 (1.6%) to $40.82 on light volume Thus far, 219,468 shares of HDFC Bank exchanged hands as compared to its average daily volume of 784,000 shares. The stock has ranged in price between $40.25-$40.95 after having opened the day at $40.25 as compared to the previous trading day's close of $40.16.

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 $31.6 billion and is part of the financial sector. The company has a P/E ratio of 32.8, above the S&P 500 P/E ratio of 17.7. Shares are down 0.8% 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.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE

1. As of noon trading, Deutsche Bank ( DB) is up $0.61 (1.2%) to $50.41 on average volume Thus far, 816,197 shares of Deutsche Bank exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $49.67-$50.45 after having opened the day at $50.31 as compared to the previous trading day's close of $49.80.

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services. Deutsche Bank has a market cap of $46.0 billion and is part of the financial sector. The company has a P/E ratio of 8.9, below the S&P 500 P/E ratio of 17.7. Shares are up 12.2% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Deutsche Bank a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates Deutsche Bank as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow. Get the full Deutsche Bank Ratings Report now.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading 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 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.
null

If you liked this article you might like

Glencore Bets on Coal as Competitors Bail Out

Asia's Buffett 'Gets' Tech as He Transforms Softbank

Is Credibility-Challenged Toshiba Japan's Worst-Run Company?

Will Japan Inc. Start to Work for Shareholders?

Toshiba's Troubles Highlight Badly Run 'Japan Inc.'