3 Banking Stocks Dragging The Industry Down

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 14 points (0.1%) at 14,951 as of Friday, Sept. 6, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,968 issues advancing vs. 907 declining with 132 unchanged.

The Banking industry currently is unchanged today versus the S&P 500, which is up 0.2%. A company within the industry that fell today was Citigroup ( C), up 0.9%.

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

3. UBS ( UBS) is one of the companies pushing the Banking industry lower today. As of noon trading, UBS is down $0.18 (-0.9%) to $19.84 on average volume. Thus far, 1.0 million shares of UBS exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $19.59-$19.93 after having opened the day at $19.85 as compared to the previous trading day's close of $20.02.

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 $76.5 billion and is part of the financial sector. Shares are up 27.3% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate UBS a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates UBS as a sell. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity. Get the full UBS 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, M&T Bank ( MTB) is down $1.36 (-1.2%) to $114.55 on average volume. Thus far, 288,629 shares of M&T Bank exchanged hands as compared to its average daily volume of 758,600 shares. The stock has ranged in price between $113.11-$115.90 after having opened the day at $115.33 as compared to the previous trading day's close of $115.91.

M&T Bank Corporation operates as the holding company for M&T Bank that provide commercial and retail banking services to individuals, corporations, and other businesses and institutions. M&T Bank has a market cap of $15.0 billion and is part of the financial sector. Shares are up 17.7% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate M&T Bank a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates M&T Bank as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full M&T Bank 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, BB&T ( BBT) is down $0.31 (-0.9%) to $33.62 on average volume. Thus far, 2.3 million shares of BB&T exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $33.33-$34.07 after having opened the day at $34.01 as compared to the previous trading day's close of $33.93.

BB&T Corporation operates as a financial holding company that provides various banking and trust services for retail and commercial clients. BB&T has a market cap of $23.9 billion and is part of the financial sector. Shares are up 16.6% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate BB&T a buy, 1 analyst rates it a sell, and 16 rate it a hold.

TheStreet Ratings rates BB&T as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, expanding profit margins, good cash flow from operations and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full BB&T 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 5 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).

null

More from Markets

Deutsche Bank Plans 'Significant' Job Cuts as Q1 Profits Slump

Deutsche Bank Plans 'Significant' Job Cuts as Q1 Profits Slump

Boeing Is Back to Cruising Altitude; GM Gets Assist From Amazon -- ICYMI

Boeing Is Back to Cruising Altitude; GM Gets Assist From Amazon -- ICYMI

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer

Aceto's Search for Deal May Be Slowed by DOJ Subpoena

Aceto's Search for Deal May Be Slowed by DOJ Subpoena

Dow and S&P 500 Finish Higher Amid Strong Corporate Earnings

Dow and S&P 500 Finish Higher Amid Strong Corporate Earnings