3 Banking Stocks Dragging The Industry Down

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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.

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