3 Banking Stocks Dragging The Industry Down

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 lower today:

3. National Bank of Greece ( NBG) is one of the companies pushing the Banking industry lower today. As of noon trading, National Bank of Greece is down $0.07 (-1.6%) to $4.37 on average volume. Thus far, 1.6 million shares of National Bank of Greece exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $4.25-$4.39 after having opened the day at $4.34 as compared to the previous trading day's close of $4.44.

National Bank of Greece S.A., together with its subsidiaries, offers diversified financial services primarily in Greece. The company is involved in retail and commercial banking, investment management, investment banking, insurance, investment activities, and securities trading operations. National Bank of Greece has a market cap of $10.6 billion and is part of the financial sector. Shares are down 20.7% year-to-date as of the close of trading on Tuesday. Currently there are no analysts that rate National Bank of Greece a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates National Bank of Greece as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full National Bank of Greece 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, Canadian Imperial Bank of Commerce ( CM) is down $0.48 (-0.6%) to $86.86 on average volume. Thus far, 69,952 shares of Canadian Imperial Bank of Commerce exchanged hands as compared to its average daily volume of 177,200 shares. The stock has ranged in price between $86.66-$87.28 after having opened the day at $87.21 as compared to the previous trading day's close of $87.34.

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to individuals, small businesses, and commercial, corporate, and institutional clients in Canada and internationally. Canadian Imperial Bank of Commerce has a market cap of $34.8 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 2 analysts that rate Canadian Imperial Bank of Commerce a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Canadian Imperial Bank of Commerce as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity 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 Canadian Imperial Bank of Commerce 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, Credit Suisse Group ( CS) is down $0.26 (-0.8%) to $31.37 on light volume. Thus far, 242,131 shares of Credit Suisse Group exchanged hands as compared to its average daily volume of 894,800 shares. The stock has ranged in price between $31.29-$31.61 after having opened the day at $31.61 as compared to the previous trading day's close of $31.63.

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 $49.5 billion and is part of the financial sector. Shares are up 1.9% 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 expanding profit margins, increase in stock price during the past year and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and weak operating cash flow. 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.

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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