3 Banking Stocks Moving The Industry Upward

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 11 points (0.1%) at 15,533 as of Tuesday, July 30, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,505 issues advancing vs. 1,392 declining with 116 unchanged.

The Banking industry currently sits down 0.1% versus the S&P 500, which is up 0.2%. A company within the industry that fell today was Lloyds Banking Group ( LYG), up 2.7%.

TheStreet 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 $0.05 (0.7%) to $6.17 on average volume. Thus far, 1.4 million shares of Mitsubishi UFJ Financial Group exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $6.15-$6.22 after having opened the day at $6.15 as compared to the previous trading day's close of $6.12.

Mitsubishi UFJ Financial Group, Inc., through its subsidiaries, provides financial services in Japan and internationally. The company also engages in the wholesale and retail securities businesses. Mitsubishi UFJ Financial Group has a market cap of $89.5 billion and is part of the financial sector. Shares are up 12.9% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Mitsubishi UFJ Financial Group a buy, no analysts rate it a sell, and 1 rates 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 revenue growth, attractive valuation levels and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and feeble growth in the company's earnings per share. Get the full Mitsubishi UFJ Financial 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, UBS ( UBS) is up $0.38 (2.0%) to $19.44 on heavy volume. Thus far, 2.2 million shares of UBS exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $19.41-$19.68 after having opened the day at $19.68 as compared to the previous trading day's close of $19.06.

UBS AG, a financial services firm, provides wealth management, asset management, and investment banking products and services worldwide. Its Wealth Management division provides financial services to high net worth individuals worldwide. UBS has a market cap of $73.6 billion and is part of the financial sector. Shares are up 21.8% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates UBS a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates UBS as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow and feeble growth in its earnings per share. Get the full UBS 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 $0.37 (1.0%) to $37.86 on average volume. Thus far, 4.3 million shares of U.S. Bancorp exchanged hands as compared to its average daily volume of 9.7 million shares. The stock has ranged in price between $37.71-$37.97 after having opened the day at $37.72 as compared to the previous trading day's close of $37.49.

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 $69.4 billion and is part of the financial sector. Shares are up 17.5% 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 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).

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