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. Ocwen Financial Corporation ( OCN) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Ocwen Financial Corporation fell $2.42 (-4.4%) to $52.78 on heavy volume. Throughout the day, 3,793,196 shares of Ocwen Financial Corporation exchanged hands as compared to its average daily volume of 1,805,700 shares. The stock ranged in price between $52.33-$55.87 after having opened the day at $55.29 as compared to the previous trading day's close of $55.20. Other companies within the Banking industry that declined today were: MSB Financial Corporation ( MSBF), down 10.6%, Credit Suisse ( TVIX), down 7.9%, Mackinac Financial Corporation ( MFNC), down 4.5% and Credit Suisse ( DGAZ), down 4.2%.
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