3 Stocks Driving The Banking 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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 16 points (0.1%) at 16,733 as of Monday, June 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,394 issues advancing vs. 1,564 declining with 187 unchanged.

The Banking industry currently sits up 0.1% versus the S&P 500, which is unchanged. Top gainers within the industry include Mitsubishi UFJ Financial Group ( MTU), up 1.6%, and Wells Fargo ( WFC), up 0.5%. On the negative front, top decliners within the industry include Credit Suisse Group ( CS), down 0.7%, and Lloyds Banking Group ( LYG), down 0.6%.

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

3. SunTrust Banks ( STI) is one of the companies pushing the Banking industry higher today. As of noon trading, SunTrust Banks is up $0.44 (1.1%) to $38.76 on light volume. Thus far, 963,764 shares of SunTrust Banks exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $38.28-$38.77 after having opened the day at $38.46 as compared to the previous trading day's close of $38.32.

SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services in the United States. The company operates in three segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. SunTrust Banks has a market cap of $20.3 billion and is part of the financial sector. Shares are up 4.1% year-to-date as of the close of trading on Friday. Currently there are 10 analysts who rate SunTrust Banks a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates SunTrust Banks as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full SunTrust Banks Ratings Report now.

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2. As of noon trading, Citigroup ( C) is up $0.36 (0.8%) to $47.94 on light volume. Thus far, 6.4 million shares of Citigroup exchanged hands as compared to its average daily volume of 24.1 million shares. The stock has ranged in price between $47.43-$47.96 after having opened the day at $47.60 as compared to the previous trading day's close of $47.57.

Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions. Citigroup has a market cap of $143.6 billion and is part of the financial sector. Shares are down 8.7% year-to-date as of the close of trading on Friday. Currently there are 15 analysts who rate Citigroup a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Citigroup as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Citigroup Ratings Report now.

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1. As of noon trading, Bank of America Corporation ( BAC) is up $0.10 (0.7%) to $15.24 on light volume. Thus far, 21.9 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 96.8 million shares. The stock has ranged in price between $15.05-$15.25 after having opened the day at $15.16 as compared to the previous trading day's close of $15.14.

Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, corporations, and governments in the United States and internationally. Bank of America Corporation has a market cap of $159.3 billion and is part of the financial sector. Shares are down 2.8% year-to-date as of the close of trading on Friday. Currently there are 8 analysts who rate Bank of America Corporation a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Bank of America Corporation as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Bank of America Corporation 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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