5 Stocks Pushing The Banking 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 39 points (-0.2%) at 16,431 as of Monday, Jan. 6, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,317 issues advancing vs. 1,618 declining with 151 unchanged.

The Banking industry currently is unchanged today versus the S&P 500, which is down 0.3%. Top gainers within the industry include HDFC Bank ( HDB), up 1.7%, Credit Suisse Group ( CS), up 1.3%, Bank of America Corporation ( BAC), up 1.1%, Citigroup ( C), up 0.7% and Deutsche Bank ( DB), up 0.6%. A company within the industry that fell today was Woori Finance Holdings ( WF), up 2.8%.

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

5. SunTrust Banks ( STI) is one of the companies pushing the Banking industry higher today. As of noon trading, SunTrust Banks is up $0.56 (1.5%) to $37.11 on light volume. Thus far, 1.3 million shares of SunTrust Banks exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $36.80-$37.28 after having opened the day at $36.85 as compared to the previous trading day's close of $36.55.

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 $19.6 billion and is part of the financial sector. The company has a P/E ratio of 15.7, below the S&P 500 P/E ratio of 17.7. Shares are down 0.7% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate SunTrust Banks a buy, 3 analysts rate it a sell, and 13 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 good cash flow from operations, expanding profit margins 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 SunTrust Banks Ratings Report now.

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