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.

If you liked this article you might like

Good News Is Actually Good for the Stock Market: Market Recon

American Express Now Supported by Android Pay in Canada

Market Recon: Oil Prices and the Fed Are the Market's Guides Today

U.S Bancorp, Morgan Stanley, TD Bank Could Be Turning Toxic

These Three Big Financials Could Be Turning Toxic