4 Banking Stocks Nudging The Industry Higher

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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 0 points (0.0%) at 15,915 as of Wednesday, Dec. 4, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,252 issues advancing vs. 1,627 declining with 137 unchanged.

The Banking industry currently sits up 0.2% versus the S&P 500, which is unchanged. Top gainers within the industry include HDFC Bank ( HDB), up 3.4%, Bank of America Corporation ( BAC), up 0.9% and JPMorgan Chase ( JPM), up 0.8%. On the negative front, top decliners within the industry include Mitsubishi UFJ Financial Group ( MTU), down 1.6%, and Toronto-Dominion Bank ( TD), down 1.1%.

TheStreet would like to highlight 4 stocks pushing the industry higher today:

4. UBS ( UBS) is one of the companies pushing the Banking industry higher today. As of noon trading, UBS is up $0.16 (0.9%) to $18.60 on light volume. Thus far, 757,880 shares of UBS exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $18.32-$18.60 after having opened the day at $18.33 as compared to the previous trading day's close of $18.44.

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 $72.6 billion and is part of the financial sector. The company has a P/E ratio of 17.5, below the S&P 500 P/E ratio of 17.7. Shares are up 20.0% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates UBS a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates UBS as a sell. Among the areas we feel are negative, one of the most important has been poor profit margins. Get the full UBS Ratings Report now.

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