3 Stocks Dragging The Banking Industry Downward

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 lower today:

3. Credit Suisse Group ( CS) is one of the companies pushing the Banking industry lower today. As of noon trading, Credit Suisse Group is down $0.58 (-1.8%) to $31.18 on heavy volume. Thus far, 779,014 shares of Credit Suisse Group exchanged hands as compared to its average daily volume of 891,900 shares. The stock has ranged in price between $30.78-$31.29 after having opened the day at $30.97 as compared to the previous trading day's close of $31.76.

Credit Suisse Group AG, together with its subsidiaries, provides various financial services to private, corporate, institutional, and government clients, as well as high-net-worth individuals worldwide. Credit Suisse Group has a market cap of $50.3 billion and is part of the financial sector. Shares are up 2.3% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Credit Suisse Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Credit Suisse Group as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. Get the full Credit Suisse Group Ratings Report now.

STOCKS TO BUY: 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, HDFC Bank ( HDB) is down $0.39 (-1.0%) to $40.28 on average volume. Thus far, 808,376 shares of HDFC Bank exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $40.20-$41.05 after having opened the day at $40.94 as compared to the previous trading day's close of $40.67.

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 $33.0 billion and is part of the financial sector. Shares are up 18.1% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts that 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 find that the stock itself is trading at a premium valuation. Get the full HDFC Bank Ratings Report now.

STOCKS TO BUY: 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, Citigroup ( C) is down $0.47 (-1.0%) to $47.84 on average volume. Thus far, 14.6 million shares of Citigroup exchanged hands as compared to its average daily volume of 30.6 million shares. The stock has ranged in price between $47.58-$48.62 after having opened the day at $48.56 as compared to the previous trading day's close of $48.31.

Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions. Citigroup has a market cap of $144.8 billion and is part of the financial sector. Shares are down 7.3% year-to-date as of the close of trading on Tuesday. Currently there are 13 analysts that rate Citigroup a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Citigroup as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Citigroup Ratings Report now.

STOCKS TO BUY: 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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