5 Stocks Raising 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

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 3 points (0.0%) at 14,544 as of Monday, April 22, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,423 issues advancing vs. 1,490 declining with 125 unchanged.

The Banking industry currently sits down 0.41 versus the S&P 500, which is up 0.3%. Top gainers within the industry include Shinhan Financial Group ( SHG), up 3.8%, Royal Bank of Scotland Group (The ( RBS), up 2.6%, HDFC Bank ( HDB), up 2.3% and KB Financial Group ( KB), up 2.1%. On the negative front, top decliners within the industry include Banco De Chile ( BCH), down 1.66, and U.S. Bancorp ( USB), down 0.37.

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

5. Lloyds Banking Group ( LYG) is one of the companies pushing the Banking industry higher today. As of noon trading, Lloyds Banking Group is up $0.11 (3.82) to $2.99 on light volume Thus far, 564,764 shares of Lloyds Banking Group exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $2.95-$2.99 after having opened the day at $2.96 as compared to the previous trading day's close of $2.88.

Lloyds Banking Group plc provides banking and financial services to personal, commercial, and corporate customers in the United Kingdom and internationally. The company operates in four divisions: Retail; Commercial Banking; Wealth, Asset Finance, and International; and Insurance. Lloyds Banking Group has a market cap of $50.0 billion and is part of the financial sector. The company has a P/E ratio of 11.9, below the S&P 500 P/E ratio of 17.7. Shares are down 10.0% year to date as of the close of trading on Friday.

TheStreet Ratings rates Lloyds Banking Group as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins and notable return on equity. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. Get the full Lloyds Banking Group Ratings Report now.

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