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.

If you liked this article you might like

Equifax CEO and Board Are Pretty Cozy

JPMorgan, U.S. Banks Face $3 Billion of Loan Losses From Catastrophic Hurricanes

14 Bank Stocks That Will Either Surge or Do Nothing

Bank Stocks Have Had Monster Runs -- Now What?

SunTrust Banks: Cramer's Top Takeaways