Today's Stocks Driving Success For The Banking Industry

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 60 points (0.4%) at 16,603 as of Friday, May 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,002 issues advancing vs. 938 declining with 179 unchanged.

The Banking industry currently sits up 0.4% versus the S&P 500, which is up 0.3%. Top gainers within the industry include Credit Suisse Group ( CS), up 1.2%, and Royal Bank of Scotland Group (The ( RBS), up 0.8%. A company within the industry that fell today was Woori Finance Holdings ( WF), up 1.8%.

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 $0.03 (0.6%) to $5.15 on average volume. Thus far, 1.3 million shares of Lloyds Banking Group exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $5.12-$5.18 after having opened the day at $5.15 as compared to the previous trading day's close of $5.12.

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 $90.6 billion and is part of the financial sector. Shares are down 3.8% year-to-date as of the close of trading on Thursday. 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and disappointing return on equity. Get the full Lloyds Banking Group Ratings Report now.

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