3 Banking Stocks Dragging The Industry Down

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 77 points (-0.5%) at 16,767 as of Thursday, June 12, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,294 issues advancing vs. 1,659 declining with 161 unchanged.

The Banking industry currently sits down 0.2% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include UBS ( UBS), down 1.2%, and Citigroup ( C), down 0.5%. A company within the industry that increased today was Mitsubishi UFJ Financial Group ( MTU), up 1.9%.

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

3. Deutsche Bank ( DB) is one of the companies pushing the Banking industry lower today. As of noon trading, Deutsche Bank is down $0.21 (-0.6%) to $37.77 on average volume. Thus far, 601,927 shares of Deutsche Bank exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $37.74-$37.95 after having opened the day at $37.93 as compared to the previous trading day's close of $37.98.

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services worldwide. Its Corporate Banking & Securities division is engaged in selling, trading, and structuring a range of fixed income, equity, equity-linked, foreign exchange, and commodities products. Deutsche Bank has a market cap of $38.9 billion and is part of the financial sector. Shares are down 17.4% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Deutsche Bank a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates Deutsche Bank as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full Deutsche Bank Ratings Report now.

STOCKS TO BUY: 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, BB&T ( BBT) is down $0.32 (-0.8%) to $38.61 on light volume. Thus far, 1.1 million shares of BB&T exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $38.52-$38.81 after having opened the day at $38.77 as compared to the previous trading day's close of $38.93.

BB&T Corporation operates as a financial holding company that provides various banking and trust services for retail and commercial clients. BB&T has a market cap of $28.1 billion and is part of the financial sector. Shares are up 4.3% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts that rate BB&T a buy, 1 analyst rates it a sell, and 15 rate it a hold.

TheStreet Ratings rates BB&T as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, 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 BB&T Ratings Report now.

STOCKS TO BUY: 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, PNC Financial Services Group ( PNC) is down $0.50 (-0.6%) to $87.53 on average volume. Thus far, 1.2 million shares of PNC Financial Services Group exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $86.84-$87.86 after having opened the day at $87.27 as compared to the previous trading day's close of $88.03.

The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. PNC Financial Services Group has a market cap of $47.2 billion and is part of the financial sector. Shares are up 13.5% year-to-date as of the close of trading on Wednesday. Currently there are 11 analysts that rate PNC Financial Services Group a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates PNC Financial Services Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations, expanding profit margins, notable return on equity and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full PNC Financial Services Group Ratings Report now.

STOCKS TO BUY: 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).
null

If you liked this article you might like

Deutsche Bank Job Cuts Could Mean Fatter Paychecks for Survivors

Deutsche Bank Job Cuts Could Mean Fatter Paychecks for Survivors

Deutsche Bank Tops DAX Amid Asset Management IPO Speculation, Rare Upgrade

Deutsche Bank Tops DAX Amid Asset Management IPO Speculation, Rare Upgrade

Broadcom and Qualcomm, Comcast and Fox - 5 Things You Must Know

Broadcom and Qualcomm, Comcast and Fox - 5 Things You Must Know

Deutsche Bank Slumps After China's HNA Trims Stake in German Lender

Deutsche Bank Slumps After China's HNA Trims Stake in German Lender

Deutsche Bank Shares Hit 3-Month Low After Third-Straight Annual Loss

Deutsche Bank Shares Hit 3-Month Low After Third-Straight Annual Loss