3 Banking Stocks Moving The Industry Upward

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 37 points (0.2%) at 16,217 as of Wednesday, Feb. 26, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,992 issues advancing vs. 910 declining with 172 unchanged.

The Banking industry currently sits up 0.5% versus the S&P 500, which is up 0.3%. A company within the industry that increased today was Shinhan Financial Group ( SHG), up 1.0%.

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

3. HDFC Bank ( HDB) is one of the companies pushing the Banking industry higher today. As of noon trading, HDFC Bank is up $0.31 (0.9%) to $33.91 on light volume. Thus far, 201,756 shares of HDFC Bank exchanged hands as compared to its average daily volume of 953,000 shares. The stock has ranged in price between $33.58-$34.07 after having opened the day at $34.07 as compared to the previous trading day's close of $33.60.

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 $26.9 billion and is part of the financial sector. Shares are down 1.9% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who 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 increase in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and premium valuation. Get the full HDFC Bank Ratings Report now.

3x UPSIDE POTENTIAL: 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 up $0.91 (0.8%) to $115.40 on light volume. Thus far, 207,219 shares of M&T Bank exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $113.81-$115.71 after having opened the day at $114.69 as compared to the previous trading day's close of $114.49.

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 $15.1 billion and is part of the financial sector. Shares are down 1.7% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who 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 expanding profit margins, notable return on equity, reasonable valuation levels 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 M&T Bank Ratings Report now.

3x UPSIDE POTENTIAL: 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 up $0.20 (0.5%) to $37.75 on light volume. Thus far, 469,378 shares of BB&T exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $37.55-$37.86 after having opened the day at $37.62 as compared to the previous trading day's close of $37.55.

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 $26.6 billion and is part of the financial sector. Shares are up 1.0% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts who rate BB&T a buy, 1 analyst rates it a sell, and 15 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 expanding profit margins, solid stock price performance, growth in earnings per share, attractive valuation levels and increase in net income. 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.

3x UPSIDE POTENTIAL: 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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