3 Banking Stocks Nudging 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 37 points (0.2%) at 16,943 as of Wednesday, July 9, 2014, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,468 issues advancing vs. 1,471 declining with 161 unchanged.

The Banking industry currently sits up 0.3% versus the S&P 500, which is up 0.3%.

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

3. Royal Bank Of Canada ( RY) is one of the companies pushing the Banking industry higher today. As of noon trading, Royal Bank Of Canada is up $0.65 (0.9%) to $73.50 on average volume. Thus far, 207,536 shares of Royal Bank Of Canada exchanged hands as compared to its average daily volume of 358,800 shares. The stock has ranged in price between $72.79-$73.70 after having opened the day at $72.89 as compared to the previous trading day's close of $72.85.

Royal Bank of Canada, a diversified financial service company, provides personal and commercial banking, wealth management, insurance, investor, and capital markets products and services worldwide. Royal Bank Of Canada has a market cap of $104.7 billion and is part of the financial sector. Shares are up 8.4% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate Royal Bank Of Canada a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Royal Bank Of Canada as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Royal Bank Of Canada Ratings Report now.

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