3 Banking Stocks Pushing The Industry Higher

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 44 points (-0.3%) at 15,417 as of Friday, July 12, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,253 issues advancing vs. 1,644 declining with 132 unchanged.

The Banking industry currently sits up 0.1% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Bank of America Corporation ( BAC), up 1.4%, and Citigroup ( C), up 1.1%.

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

3. Lloyds Banking Group ( LYG) is one of the companies pushing the Banking industry higher today. As of noon trading, Lloyds Banking Group is up $0.04 (1.0%) to $4.08 on heavy volume. Thus far, 1.8 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 $4.03-$4.10 after having opened the day at $4.05 as compared to the previous trading day's close of $4.04.

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 $70.6 billion and is part of the financial sector. Shares are up 24.1% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Lloyds Banking Group a buy, no analysts rate it a sell, and 1 rates 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.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, U.S. Bancorp ( USB) is up $0.36 (1.0%) to $37.52 on light volume. Thus far, 3.3 million shares of U.S. Bancorp exchanged hands as compared to its average daily volume of 10.3 million shares. The stock has ranged in price between $37.06-$37.61 after having opened the day at $37.26 as compared to the previous trading day's close of $37.15.

U.S. Bancorp, a financial services holding company, provides a range of financial services in the United States. Its services include lending and depository services, cash management, capital market, and trust and investment management services. U.S. Bancorp has a market cap of $68.6 billion and is part of the financial sector. Shares are up 16.1% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate U.S. Bancorp a buy, 2 analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates U.S. Bancorp as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, increase in stock price during the past year, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full U.S. Bancorp Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, Wells Fargo ( WFC) is up $0.85 (2.0%) to $42.74 on heavy volume. Thus far, 22.4 million shares of Wells Fargo exchanged hands as compared to its average daily volume of 20.6 million shares. The stock has ranged in price between $42.20-$43.05 after having opened the day at $42.60 as compared to the previous trading day's close of $41.89.

Wells Fargo & Company provides retail, commercial, and corporate banking services. Wells Fargo has a market cap of $222.8 billion and is part of the financial sector. Shares are up 23.1% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Wells Fargo a buy, 1 analyst rates it a sell, and 12 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 solid stock price performance, impressive record of earnings per share growth, expanding profit margins, notable return on equity and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Wells Fargo Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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).

null

More from Markets

Global Stocks Hold Gains as North Korea Response on Talks Soothes Nerves

Global Stocks Hold Gains as North Korea Response on Talks Soothes Nerves

One Thing to Consider Over Memorial Day Weekend: Are Stocks About to Collapse?

One Thing to Consider Over Memorial Day Weekend: Are Stocks About to Collapse?

North Korea, Apple, GPDR and Gap - 5 Things You Must Know

North Korea, Apple, GPDR and Gap - 5 Things You Must Know

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Oil Falls Sharply After Saudi Arabia, Russia Suggest Production Cut Easing

Oil Falls Sharply After Saudi Arabia, Russia Suggest Production Cut Easing