5 Stocks Dragging 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 21 points (0.1%) at 16,093 as of Tuesday, Nov. 26, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,560 issues advancing vs. 1,331 declining with 131 unchanged.

The Banking industry currently sits up 0.1% versus the S&P 500, which is up 0.1%.

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

5. Canadian Imperial Bank of Commerce ( CM) is one of the companies pushing the Banking industry lower today. As of noon trading, Canadian Imperial Bank of Commerce is down $0.56 (-0.7%) to $86.19 on light volume. Thus far, 66,618 shares of Canadian Imperial Bank of Commerce exchanged hands as compared to its average daily volume of 182,600 shares. The stock has ranged in price between $86.16-$86.98 after having opened the day at $86.49 as compared to the previous trading day's close of $86.75.

Canadian Imperial Bank of Commerce provides various financial products and services in Canada and internationally. It operates through three segments: Retail and Business Banking, Wealth Management, and Wholesale Banking. Canadian Imperial Bank of Commerce has a market cap of $34.7 billion and is part of the financial sector. The company has a P/E ratio of 10.7, below the S&P 500 P/E ratio of 17.7. Shares are up 7.7% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Canadian Imperial Bank of Commerce a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Canadian Imperial Bank of Commerce as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and growth in earnings per share. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. Get the full Canadian Imperial Bank of Commerce 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.

4. As of noon trading, Bank of Montreal ( BMO) is down $0.45 (-0.6%) to $69.88 on light volume. Thus far, 82,342 shares of Bank of Montreal exchanged hands as compared to its average daily volume of 335,400 shares. The stock has ranged in price between $69.87-$70.47 after having opened the day at $70.28 as compared to the previous trading day's close of $70.33.

Bank of Montreal, together with its subsidiaries, provides various retail banking, wealth management, and investment banking products and services in North America and internationally. Bank of Montreal has a market cap of $45.4 billion and is part of the financial sector. The company has a P/E ratio of 11.6, below the S&P 500 P/E ratio of 17.7. Shares are up 14.9% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Bank of Montreal a buy, 2 analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Bank of Montreal as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and expanding profit margins. 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 Bank of Montreal 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.

3. As of noon trading, Royal Bank Of Canada ( RY) is down $0.41 (-0.6%) to $67.43 on light volume. Thus far, 151,449 shares of Royal Bank Of Canada exchanged hands as compared to its average daily volume of 427,800 shares. The stock has ranged in price between $67.41-$67.91 after having opened the day at $67.77 as compared to the previous trading day's close of $67.84.

Royal Bank of Canada, a diversified financial service company, provides personal and commercial banking, wealth management, insurance, corporate and investment banking, and transaction processing services worldwide. Royal Bank Of Canada has a market cap of $98.0 billion and is part of the financial sector. The company has a P/E ratio of 12.9, below the S&P 500 P/E ratio of 17.7. Shares are up 12.8% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate Royal Bank Of Canada a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Royal Bank Of Canada as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. Get the full Royal Bank Of Canada 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, HDFC Bank ( HDB) is down $0.74 (-2.2%) to $32.47 on average volume. Thus far, 390,953 shares of HDFC Bank exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $32.43-$32.97 after having opened the day at $32.95 as compared to the previous trading day's close of $33.21.

HDFC Bank Limited, together with its subsidiaries, provides a range of financial products and services to individuals and businesses in India, as well as in Bahrain and Hong Kong. The company operates in four segments: Retail Banking, Wholesale Banking, Treasury, and Other Banking Operations. HDFC Bank has a market cap of $26.2 billion and is part of the financial sector. The company has a P/E ratio of 23.4, above the S&P 500 P/E ratio of 17.7. Shares are down 19.1% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate HDFC Bank a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates HDFC Bank as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, premium valuation and feeble growth in the company's earnings per share. Get the full HDFC 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, Toronto-Dominion Bank ( TD) is down $0.83 (-0.9%) to $92.02 on light volume. Thus far, 101,439 shares of Toronto-Dominion Bank exchanged hands as compared to its average daily volume of 373,100 shares. The stock has ranged in price between $92.00-$92.91 after having opened the day at $92.91 as compared to the previous trading day's close of $92.85.

The Toronto-Dominion Bank, together with its subsidiaries, provides financial and banking services in North America and internationally. The company's Canadian Personal and Commercial Banking segment offers various financial products and services to personal and small business customers. Toronto-Dominion Bank has a market cap of $85.5 billion and is part of the financial sector. The company has a P/E ratio of 31.0, above the S&P 500 P/E ratio of 17.7. Shares are up 10.2% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Toronto-Dominion Bank a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Toronto-Dominion Bank as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Toronto-Dominion 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.

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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