4 Banking Stocks Pushing Industry Growth

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

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 14,565 as of Thursday, April 4, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,512 issues advancing vs. 1,354 declining with 153 unchanged.

The Banking industry currently sits up 0.1% versus the S&P 500, which is up 0.1%.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry higher today:

4. 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 $0.44 (7.6%) to $6.24 on heavy volume Thus far, 2.7 million shares of Mitsubishi UFJ Financial Group exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $6.17-$6.27 after having opened the day at $6.19 as compared to the previous trading day's close of $5.80.

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 $83.5 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 up 7.0% year to date as of the close of trading on Wednesday. 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 solid stock price performance, increase in net income and expanding profit margins. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Mitsubishi UFJ Financial Group Ratings Report now.

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3. As of noon trading, Wells Fargo ( WFC) is up $0.39 (1.1%) to $37.06 on average volume Thus far, 10.7 million shares of Wells Fargo exchanged hands as compared to its average daily volume of 23.2 million shares. The stock has ranged in price between $36.75-$37.15 after having opened the day at $36.77 as compared to the previous trading day's close of $36.67.

Wells Fargo & Company provides retail, commercial, and corporate banking services. Wells Fargo has a market cap of $194.5 billion and is part of the financial sector. The company has a P/E ratio of 11.0, below the S&P 500 P/E ratio of 17.7. Shares are up 7.3% year to date as of the close of trading on Wednesday. Currently there are 16 analysts that rate Wells Fargo a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Wells Fargo as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. 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 Wells Fargo Ratings Report now.

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2. As of noon trading, JPMorgan Chase ( JPM) is up $0.45 (1.0%) to $47.30 on average volume Thus far, 10.9 million shares of JPMorgan Chase exchanged hands as compared to its average daily volume of 24.2 million shares. The stock has ranged in price between $46.90-$47.44 after having opened the day at $46.96 as compared to the previous trading day's close of $46.85.

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. JPMorgan Chase has a market cap of $184.8 billion and is part of the financial sector. The company has a P/E ratio of 9.3, below the S&P 500 P/E ratio of 17.7. Shares are up 6.6% year to date as of the close of trading on Wednesday. Currently there are 18 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 buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, increase in net income, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full JPMorgan Chase Ratings Report now.

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1. As of noon trading, Bank of America Corporation ( BAC) is up $0.06 (0.5%) to $11.87 on average volume Thus far, 77.5 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 160.5 million shares. The stock has ranged in price between $11.72-$11.99 after having opened the day at $11.81 as compared to the previous trading day's close of $11.81.

Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services for 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 $131.5 billion and is part of the financial sector. The company has a P/E ratio of 48.6, above the S&P 500 P/E ratio of 17.7. Shares are up 1.7% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Bank of America Corporation a buy, 1 analyst rates 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 expanding profit margins, solid stock price performance and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and weak operating cash flow. Get the full Bank of America Corporation Ratings Report now.

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If you are interested in one of these 4 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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