3 Banking Stocks Driving 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 28 points (-0.2%) at 16,647 as of Wednesday, May 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,518 issues advancing vs. 1,472 declining with 153 unchanged.

The Banking industry currently sits down 0.5% versus the S&P 500, which is unchanged.

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

3. Royal Bank of Scotland Group (The ( RBS) is one of the companies pushing the Banking industry higher today. As of noon trading, Royal Bank of Scotland Group (The is up $0.08 (0.7%) to $11.42 on light volume. Thus far, 313,430 shares of Royal Bank of Scotland Group (The exchanged hands as compared to its average daily volume of 982,100 shares. The stock has ranged in price between $11.38-$11.45 after having opened the day at $11.44 as compared to the previous trading day's close of $11.34.

The Royal Bank of Scotland Group plc, through its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers worldwide. Royal Bank of Scotland Group (The has a market cap of $63.5 billion and is part of the financial sector. Shares are up 0.0% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates Royal Bank of Scotland Group (The a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Royal Bank of Scotland Group (The as a sell. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity. Get the full Royal Bank of Scotland Group (The Ratings Report now.

3x UPSIDE POTENTIAL: 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, UBS ( UBS) is up $0.15 (0.7%) to $20.34 on light volume. Thus far, 529,811 shares of UBS exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $20.23-$20.38 after having opened the day at $20.29 as compared to the previous trading day's close of $20.19.

UBS AG, a financial services firm, provides retail, wealth management, corporate and institutional banking, asset management, and investment banking products and services worldwide. The company's Wealth Management division provides financial services to high net worth individuals. UBS has a market cap of $75.5 billion and is part of the financial sector. Shares are up 4.9% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate UBS a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates UBS as a hold. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share and reasonable valuation levels. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full UBS Ratings Report now.

3x UPSIDE POTENTIAL: 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, HDFC Bank ( HDB) is up $0.33 (0.7%) to $45.73 on average volume. Thus far, 788,009 shares of HDFC Bank exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $45.26-$46.10 after having opened the day at $46.06 as compared to the previous trading day's close of $45.40.

HDFC Bank Limited, together with its subsidiaries, provides a range of financial products and services to individuals and businesses in India, as well as in Bahrain and Hong Kong. The company operates in four segments: Retail Banking, Wholesale Banking, Treasury, and Other Banking Operations. HDFC Bank has a market cap of $36.4 billion and is part of the financial sector. Shares are up 32.5% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate HDFC Bank a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates HDFC Bank as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity and increase in stock price during the past year. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. Get the full HDFC Bank Ratings Report now.

3x UPSIDE POTENTIAL: 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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