3 Banking Stocks Nudging 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 4 points (0.0%) at 16,511 as of Wednesday, April 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,718 issues advancing vs. 1,280 declining with 133 unchanged.

The Banking industry currently is unchanged today versus the S&P 500, which is down 0.1%. A company within the industry that increased today was Wells Fargo ( WFC), up 0.7%.

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

3. Mitsubishi UFJ Financial Group ( MTU) is one of the companies pushing the Banking industry higher today. As of noon trading, Mitsubishi UFJ Financial Group is up $0.08 (1.6%) to $5.48 on light volume. Thus far, 561,260 shares of Mitsubishi UFJ Financial Group exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $5.45-$5.50 after having opened the day at $5.45 as compared to the previous trading day's close of $5.40.

Mitsubishi UFJ Financial Group, Inc., through its subsidiaries, provides financial services in Japan and internationally. The company also engages in the wholesale and retail securities businesses. Mitsubishi UFJ Financial Group has a market cap of $77.6 billion and is part of the financial sector. Shares are down 19.2% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates Mitsubishi UFJ Financial Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Mitsubishi UFJ Financial Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, unimpressive growth in net income and a generally disappointing performance in the stock itself. Get the full Mitsubishi UFJ Financial Group Ratings Report now.

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