BSMX, DB And HDB, Pushing Banking Industry Downward

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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%. 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 lower today:

3. Grupo Financiero Santander Mexico SAB de CV ( BSMX) is one of the companies pushing the Banking industry lower today. As of noon trading, Grupo Financiero Santander Mexico SAB de CV is down $0.28 (-2.0%) to $13.83 on heavy volume. Thus far, 2.8 million shares of Grupo Financiero Santander Mexico SAB de CV exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $13.80-$14.14 after having opened the day at $14.08 as compared to the previous trading day's close of $14.11.

Grupo Financiero Santander Mexico, S.A.B. de C.V. provides various banking services in Mexico. The company's deposit products include current accounts, savings accounts, and time deposits, as well as certificates of interbank deposit. Grupo Financiero Santander Mexico SAB de CV has a market cap of $19.2 billion and is part of the financial sector. Shares are up 3.5% year-to-date as of the close of trading on Thursday. Currently there are no analysts that rate Grupo Financiero Santander Mexico SAB de CV a buy, 2 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Grupo Financiero Santander Mexico SAB de CV 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 deteriorating net income. Get the full Grupo Financiero Santander Mexico SAB de CV Ratings Report now.

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