3 Banking Stocks Pushing 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 118 points (0.7%) at 16,381 as of Wednesday, April 16, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,313 issues advancing vs. 673 declining with 149 unchanged.

The Banking industry currently sits up 0.5% versus the S&P 500, which is up 0.7%.

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

3. Lloyds Banking Group ( LYG) is one of the companies pushing the Banking industry higher today. As of noon trading, Lloyds Banking Group is up $0.12 (2.5%) to $4.95 on light volume. Thus far, 786,404 shares of Lloyds Banking Group exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $4.88-$4.95 after having opened the day at $4.89 as compared to the previous trading day's close of $4.83.

Lloyds Banking Group plc provides a range of banking and financial services to individuals and businesses in the United Kingdom and internationally. It operates through four segments: Retail; Commercial Banking; Wealth, Asset Finance, and International; and Insurance. Lloyds Banking Group has a market cap of $87.4 billion and is part of the financial sector. Shares are down 9.4% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates Lloyds Banking Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Lloyds Banking Group as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins and notable return on equity. 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 Lloyds Banking Group Ratings Report now.

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2. As of noon trading, PNC Financial Services Group ( PNC) is up $1.80 (2.2%) to $83.95 on average volume. Thus far, 1.7 million shares of PNC Financial Services Group exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $82.40-$84.09 after having opened the day at $83.17 as compared to the previous trading day's close of $82.15.

The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. PNC Financial Services Group has a market cap of $43.6 billion and is part of the financial sector. Shares are up 5.9% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts who rate PNC Financial Services Group a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates PNC Financial Services Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, expanding profit margins, notable return on equity and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full PNC Financial Services Group 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, JPMorgan Chase ( JPM) is up $0.36 (0.7%) to $55.16 on average volume. Thus far, 11.7 million shares of JPMorgan Chase exchanged hands as compared to its average daily volume of 20.0 million shares. The stock has ranged in price between $54.69-$55.27 after having opened the day at $55.00 as compared to the previous trading day's close of $54.80.

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Management. JPMorgan Chase has a market cap of $208.0 billion and is part of the financial sector. Shares are down 6.3% year-to-date as of the close of trading on Tuesday. Currently there are 17 analysts who rate JPMorgan Chase a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates JPMorgan Chase as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, solid stock price performance and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full JPMorgan Chase 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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