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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 79 points (-0.5%) at 15,419 as of Friday, Aug. 9, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,348 issues advancing vs. 1,561 declining with 117 unchanged.

The Banking industry currently sits down 0.2% versus the S&P 500, which is down 0.2%.

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

3. Banco Santander Chile ( BSAC) is one of the companies pushing the Banking industry higher today. As of noon trading, Banco Santander Chile is up $0.54 (2.3%) to $23.91 on light volume. Thus far, 81,360 shares of Banco Santander Chile exchanged hands as compared to its average daily volume of 340,700 shares. The stock has ranged in price between $23.37-$23.94 after having opened the day at $23.37 as compared to the previous trading day's close of $23.37.

Banco Santander-Chile provides commercial and retail banking services in Chile. It operates through two segments, Commercial Banking, and Global Banking and Markets. Banco Santander Chile has a market cap of $10.6 billion and is part of the financial sector. Shares are down 18.0% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Banco Santander Chile a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Banco Santander Chile as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and unimpressive growth in net income. Get the full Banco Santander Chile 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, Royal Bank of Scotland Group (The ( RBS) is up $0.08 (0.8%) to $10.23 on average volume. Thus far, 572,468 shares of Royal Bank of Scotland Group (The exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $10.14-$10.24 after having opened the day at $10.15 as compared to the previous trading day's close of $10.15.

The Royal Bank of Scotland Group plc, through its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers worldwide. Royal Bank of Scotland Group (The has a market cap of $30.2 billion and is part of the financial sector. Shares are down 5.9% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Royal Bank of Scotland Group (The a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Royal Bank of Scotland Group (The as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and increase 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 Royal Bank of Scotland Group (The 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, Credit Suisse Group ( CS) is up $0.59 (1.9%) to $31.09 on average volume. Thus far, 767,876 shares of Credit Suisse Group exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $30.96-$31.18 after having opened the day at $31.12 as compared to the previous trading day's close of $30.50.

Credit Suisse Group AG, together with its subsidiaries, provides various financial services to private, corporate, institutional, and government clients, as well as high-net-worth individuals worldwide. Credit Suisse Group has a market cap of $47.7 billion and is part of the financial sector. Shares are up 24.2% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Credit Suisse Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Credit Suisse Group as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. Get the full Credit Suisse 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.

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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