3 Stocks Pulling The Banking Industry Downward

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 lower today:

3. SunTrust Banks ( STI) is one of the companies pushing the Banking industry lower today. As of noon trading, SunTrust Banks is down $0.64 (-1.8%) to $34.87 on average volume. Thus far, 2.8 million shares of SunTrust Banks exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $34.62-$35.24 after having opened the day at $35.17 as compared to the previous trading day's close of $35.51.

SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services in the United States. The company operates in three segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. SunTrust Banks has a market cap of $18.9 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 6 analysts that rate SunTrust Banks a buy, 3 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates SunTrust Banks as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins, notable return on equity, impressive record of earnings per share growth and compelling growth 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 SunTrust Banks Ratings Report now.

STOCKS TO BUY: 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, Citigroup ( C) is down $0.38 (-0.7%) to $51.40 on light volume. Thus far, 7.3 million shares of Citigroup exchanged hands as compared to its average daily volume of 29.8 million shares. The stock has ranged in price between $51.30-$52.00 after having opened the day at $51.72 as compared to the previous trading day's close of $51.78.

Citigroup, Inc., a diversified financial services holding company, provides a range of financial products and services to consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Citicorp and Citi Holdings. Citigroup has a market cap of $156.6 billion and is part of the financial sector. Shares are up 30.2% year to date as of the close of trading on Thursday. Currently there are 17 analysts that rate Citigroup a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Citigroup as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, attractive valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Citigroup Ratings Report now.

STOCKS TO BUY: 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, Bank of America Corporation ( BAC) is down $0.15 (-1.0%) to $14.46 on light volume. Thus far, 44.6 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 120.6 million shares. The stock has ranged in price between $14.40-$14.61 after having opened the day at $14.56 as compared to the previous trading day's close of $14.61.

Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, corporations, and governments in the United States and internationally. Bank of America Corporation has a market cap of $156.1 billion and is part of the financial sector. Shares are up 25.2% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Bank of America Corporation a buy, 2 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Bank of America Corporation as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and disappointing return on equity. Get the full Bank of America Corporation Ratings Report now.

STOCKS TO BUY: 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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