3 Stocks Dragging In 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 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 lower today:

3. Grupo Financiero Santander Mexico SAB de CV ( BSMX) is one of the companies pushing the Banking industry lower today. As of noon trading, Grupo Financiero Santander Mexico SAB de CV is down $0.23 (-1.7%) to $13.50 on heavy volume. Thus far, 2.3 million shares of Grupo Financiero Santander Mexico SAB de CV exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $13.46-$13.80 after having opened the day at $13.80 as compared to the previous trading day's close of $13.73.

Grupo Financiero Santander Mexico, S.A.B. de C.V. provides various banking services in Mexico. The company's deposit products include current accounts, savings accounts, and time deposits, as well as certificates of interbank deposit. Grupo Financiero Santander Mexico SAB de CV has a market cap of $18.4 billion and is part of the financial sector. Shares are up 0.7% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Grupo Financiero Santander Mexico SAB de CV a buy, 2 analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Grupo Financiero Santander Mexico SAB de CV as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and deteriorating net income. Get the full Grupo Financiero Santander Mexico SAB de CV 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, Credicorp ( BAP) is down $3.13 (-2.0%) to $153.54 on light volume. Thus far, 102,869 shares of Credicorp exchanged hands as compared to its average daily volume of 315,800 shares. The stock has ranged in price between $153.52-$157.89 after having opened the day at $157.06 as compared to the previous trading day's close of $156.67.

Credicorp Ltd., through its subsidiaries, provides financial and health services primarily in Peru, the Cayman Islands, Bolivia, Chile, Colombia, and Panama. The company operates in four segments: Banking, Insurance, Pension Funds, and Investment Banking. Credicorp has a market cap of $12.5 billion and is part of the financial sector. Shares are up 18.0% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Credicorp a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Credicorp as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Credicorp 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, HDFC Bank ( HDB) is down $0.66 (-1.4%) to $47.63 on light volume. Thus far, 361,057 shares of HDFC Bank exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $47.57-$48.50 after having opened the day at $48.50 as compared to the previous trading day's close of $48.29.

HDFC Bank Limited, together with its subsidiaries, provides a range of banking and financial services to individuals and businesses in India, as well as in Bahrain and Hong Kong. The company operates in four segments: Retail Banking, Wholesale Banking, Treasury, and Other Banking Operations. HDFC Bank has a market cap of $38.7 billion and is part of the financial sector. Shares are up 40.2% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts that rate HDFC Bank a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates HDFC Bank as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and compelling growth in net income. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. Get the full HDFC 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.

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

More from Markets

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices

Dow Posts First Gain in Nine Sessions; Oil Jumps

Dow Posts First Gain in Nine Sessions; Oil Jumps