3 Stocks Improving Performance Of The Banking Industry

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 29 points (-0.2%) at 16,714 as of Tuesday, June 3, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,066 issues advancing vs. 1,889 declining with 193 unchanged.

The Banking industry currently sits down 0.1% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Banco De Chile ( BCH), up 1.2%, and Citigroup ( C), up 0.7%. A company within the industry that fell today was Royal Bank of Scotland Group (The ( RBS), up 1.3%.

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

3. Toronto-Dominion Bank ( TD) is one of the companies pushing the Banking industry higher today. As of noon trading, Toronto-Dominion Bank is up $0.39 (0.8%) to $49.96 on average volume. Thus far, 279,677 shares of Toronto-Dominion Bank exchanged hands as compared to its average daily volume of 688,600 shares. The stock has ranged in price between $49.41-$49.96 after having opened the day at $49.46 as compared to the previous trading day's close of $49.57.

The Toronto-Dominion Bank, together with its subsidiaries, provides financial and banking services in North America and internationally. Toronto-Dominion Bank has a market cap of $91.5 billion and is part of the financial sector. Shares are up 5.2% year-to-date as of the close of trading on Monday. Currently there are 5 analysts who rate Toronto-Dominion Bank a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Toronto-Dominion Bank as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Toronto-Dominion 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.

2. As of noon trading, Fifth Third Bancorp ( FITB) is up $0.38 (1.8%) to $21.33 on heavy volume. Thus far, 11.9 million shares of Fifth Third Bancorp exchanged hands as compared to its average daily volume of 8.3 million shares. The stock has ranged in price between $20.85-$21.40 after having opened the day at $20.86 as compared to the previous trading day's close of $20.95.

Fifth Third Bancorp operates as a diversified financial services company in the United States. It operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third Bancorp has a market cap of $17.6 billion and is part of the financial sector. Shares are down 1.6% year-to-date as of the close of trading on Monday. Currently there are 11 analysts who rate Fifth Third Bancorp a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Fifth Third Bancorp as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Fifth Third Bancorp 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, State Street ( STT) is up $0.38 (0.6%) to $65.45 on light volume. Thus far, 1.0 million shares of State Street exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $64.75-$65.67 after having opened the day at $64.79 as compared to the previous trading day's close of $65.07.

State Street Corporation provides various financial services and products to institutional investors worldwide. State Street has a market cap of $28.1 billion and is part of the financial sector. Shares are down 11.3% year-to-date as of the close of trading on Monday. Currently there are 9 analysts who rate State Street a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates State Street as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full State Street 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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