LYG, MTU, RBS, CS And C, 5 Banking Stocks Pushing The Industry Lower

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 41 points (-0.3%) at 14,800 as of Friday, Aug. 30, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 850 issues advancing vs. 2,040 declining with 117 unchanged.

The Banking industry currently sits down 0.7% versus the S&P 500, which is down 0.3%.

TheStreet would like to highlight 5 stocks pushing the industry lower today:

5. Lloyds Banking Group ( LYG) is one of the companies pushing the Banking industry lower today. As of noon trading, Lloyds Banking Group is down $0.08 (-1.8%) to $4.47 on average volume. Thus far, 1.3 million shares of Lloyds Banking Group exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $4.47-$4.58 after having opened the day at $4.57 as compared to the previous trading day's close of $4.55.

Lloyds Banking Group plc provides banking and financial services to personal, commercial, and corporate customers in the United Kingdom and internationally. The company operates in four divisions: Retail; Commercial Banking; Wealth, Asset Finance, and International; and Insurance. Lloyds Banking Group has a market cap of $81.5 billion and is part of the financial sector. Shares are up 42.8% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Lloyds Banking Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Lloyds Banking Group as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, expanding profit margins and notable return on equity. However, as a counter to these strengths, we find that the company's revenue growth has not been good. Get the full Lloyds Banking Group Ratings Report now.

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