4 Banking Stocks Driving The Industry Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 26 points (0.2%) at 15,572 as of Tuesday, July 23, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,636 issues advancing vs. 1,285 declining with 117 unchanged.

The Banking industry currently sits up 0.3% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Woori Finance Holdings ( WF), up 3.6%, and Shinhan Financial Group ( SHG), up 2.7%. A company within the industry that fell today was Lloyds Banking Group ( LYG), up 1.6%.

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

4. Canadian Imperial Bank of Commerce ( CM) is one of the companies pushing the Banking industry higher today. As of noon trading, Canadian Imperial Bank of Commerce is up $0.83 (1.1%) to $75.74 on average volume. Thus far, 130,612 shares of Canadian Imperial Bank of Commerce exchanged hands as compared to its average daily volume of 239,000 shares. The stock has ranged in price between $75.21-$75.78 after having opened the day at $75.40 as compared to the previous trading day's close of $74.91.

Canadian Imperial Bank of Commerce provides various financial products and services to individual, small business, commercial, corporate, and institutional customers in Canada and internationally. Canadian Imperial Bank of Commerce has a market cap of $29.8 billion and is part of the financial sector. Shares are down 7.1% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate Canadian Imperial Bank of Commerce a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Canadian Imperial Bank of Commerce as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, good cash flow from operations and expanding profit margins. 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 Canadian Imperial Bank of Commerce 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.

3. As of noon trading, Bank of Montreal ( BMO) is up $0.46 (0.7%) to $63.28 on average volume. Thus far, 262,766 shares of Bank of Montreal exchanged hands as compared to its average daily volume of 534,800 shares. The stock has ranged in price between $62.99-$63.52 after having opened the day at $63.13 as compared to the previous trading day's close of $62.82.

Bank of Montreal, together with its subsidiaries, provides various retail banking, wealth management, and investment banking products and services in North America and internationally. Bank of Montreal has a market cap of $40.5 billion and is part of the financial sector. Shares are up 1.8% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Bank of Montreal a buy, 2 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Bank of Montreal as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, increase in stock price during the past year and expanding profit margins. 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 Bank of Montreal 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, State Street ( STT) is up $0.74 (1.1%) to $70.76 on average volume. Thus far, 1.1 million shares of State Street exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $70.26-$71.03 after having opened the day at $70.26 as compared to the previous trading day's close of $70.02.

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 $31.6 billion and is part of the financial sector. Shares are up 48.9% year to date as of the close of trading on Monday. Currently there are 13 analysts that rate State Street a buy, 1 analyst rates it a sell, and 5 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, attractive valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full State Street 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, U.S. Bancorp ( USB) is up $0.24 (0.7%) to $37.59 on light volume. Thus far, 3.6 million shares of U.S. Bancorp exchanged hands as compared to its average daily volume of 9.9 million shares. The stock has ranged in price between $37.22-$37.68 after having opened the day at $37.35 as compared to the previous trading day's close of $37.35.

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 $68.9 billion and is part of the financial sector. Shares are up 16.9% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate U.S. Bancorp a buy, 2 analysts rate it a sell, and 14 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, notable return on equity, expanding profit margins, increase in stock price during the past year and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. 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.

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).

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