4 Stocks Dragging In The Banking Industry

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 8 points (0.1%) at 15,256 as of Monday, June 10, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,353 issues advancing vs. 1,578 declining with 107 unchanged.

The Banking industry currently sits up 0.4% versus the S&P 500, which is up 0.1%. A company within the industry that fell today was Woori Finance Holdings ( WF), up 1.95. Top gainers within the industry include Royal Bank of Scotland Group (The ( RBS), up 1.9%, Mitsubishi UFJ Financial Group ( MTU), up 1.5%, Bank of Montreal ( BMO), up 0.8% and Canadian Imperial Bank of Commerce ( CM), up 0.5%.

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

4. Lloyds Banking Group ( LYG) is one of the companies pushing the Banking industry lower today. As of noon trading, Lloyds Banking Group is down $0.04 (-1.0%) to $3.85 on heavy volume Thus far, 1.9 million shares of Lloyds Banking Group exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $3.81-$3.86 after having opened the day at $3.85 as compared to the previous trading day's close of $3.89.

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 $66.9 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 up 21.2% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Lloyds Banking Group a buy, no analysts rate it a sell, and none rate it a hold.

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, revenue growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Lloyds Banking Group Ratings Report now.

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