3 Stocks Boosting 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 lower today with the Dow Jones Industrial Average ( ^DJI) trading down 30 points (-0.2%) at 15,089 as of Monday, May 13, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,245 issues advancing vs. 1,704 declining with 112 unchanged.

The Banking industry currently sits up 0.1% versus the S&P 500, which is unchanged. A company within the industry that fell today was Banco Santander ( SAN), up 1.86.

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 $0.47 (6.97) to $7.17 on average volume Thus far, 1.8 million shares of Mitsubishi UFJ Financial Group exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $7.13-$7.20 after having opened the day at $7.14 as compared to the previous trading day's close of $6.70.

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 $94.4 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 up 23.1% year to date as of the close of trading on Friday. 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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2. As of noon trading, State Street ( STT) is up $1.27 (2.11) to $61.60 on light volume Thus far, 1.1 million shares of State Street exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $60.25-$61.82 after having opened the day at $60.34 as compared to the previous trading day's close of $60.33.

State Street Corporation, a financial holding company, provides investment servicing and investment management services to institutional investors worldwide. State Street has a market cap of $27.5 billion and is part of the financial sector. The company has a P/E ratio of 13.9, below the S&P 500 P/E ratio of 17.7. Shares are up 28.3% year to date as of the close of trading on Friday. Currently there are 13 analysts that rate State Street a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates State Street as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, attractive valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full State Street Ratings Report now.

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1. As of noon trading, JPMorgan Chase ( JPM) is up $0.46 (0.93) to $49.42 on average volume Thus far, 11.8 million shares of JPMorgan Chase exchanged hands as compared to its average daily volume of 23.6 million shares. The stock has ranged in price between $48.61-$49.45 after having opened the day at $48.84 as compared to the previous trading day's close of $48.96.

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. JPMorgan Chase has a market cap of $185.4 billion and is part of the financial sector. The company has a P/E ratio of 8.8, below the S&P 500 P/E ratio of 17.7. Shares are up 11.5% year to date as of the close of trading on Friday. Currently there are 22 analysts that rate JPMorgan Chase a buy, 1 analyst rates it a sell, and 3 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 increase in stock price during the past year, impressive record of earnings per share growth, compelling growth 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.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks 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.

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