3 Stocks Pushing The Banking Industry Lower

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 63 points (0.4%) at 17,115 as of Tuesday, July 22, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,207 issues advancing vs. 762 declining with 147 unchanged.

The Banking industry currently sits up 0.5% versus the S&P 500, which is up 0.6%. Top gainers within the industry include Canadian Imperial Bank of Commerce ( CM), up 1.1%, Royal Bank of Scotland Group (The ( RBS), up 0.8% and Lloyds Banking Group ( LYG), up 0.8%.

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

3. Mitsubishi UFJ Financial Group ( MTU) is one of the companies pushing the Banking industry lower today. As of noon trading, Mitsubishi UFJ Financial Group is down $0.03 (-0.5%) to $5.89 on light volume. Thus far, 383,948 shares of Mitsubishi UFJ Financial Group exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $5.85-$5.90 after having opened the day at $5.89 as compared to the previous trading day's close of $5.92.

Mitsubishi UFJ Financial Group, Inc., through its subsidiaries, provides financial services in Japan and internationally. The company also engages in the wholesale and retail securities businesses. Mitsubishi UFJ Financial Group has a market cap of $84.7 billion and is part of the financial sector. Shares are down 11.4% year-to-date as of the close of trading on Monday. Currently there are 2 analysts that rate Mitsubishi UFJ Financial Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Mitsubishi UFJ Financial Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. Get the full Mitsubishi UFJ Financial 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.

2. As of noon trading, Credit Suisse Group ( CS) is down $0.48 (-1.6%) to $28.58 on heavy volume. Thus far, 1.1 million shares of Credit Suisse Group exchanged hands as compared to its average daily volume of 923,500 shares. The stock has ranged in price between $28.19-$28.63 after having opened the day at $28.34 as compared to the previous trading day's close of $29.06.

Credit Suisse Group AG, together with its subsidiaries, provides various financial services to private, corporate, institutional, and government clients, as well as high-net-worth individuals worldwide. Credit Suisse Group has a market cap of $46.4 billion and is part of the financial sector. Shares are down 6.4% year-to-date as of the close of trading on Monday. Currently there are 2 analysts that rate Credit Suisse Group a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates Credit Suisse Group as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full Credit Suisse 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.

1. As of noon trading, State Street ( STT) is down $0.76 (-1.1%) to $68.99 on heavy volume. Thus far, 3.7 million shares of State Street exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $67.14-$69.94 after having opened the day at $69.94 as compared to the previous trading day's close of $69.75.

State Street Corporation provides various financial services and products to institutional investors worldwide. State Street has a market cap of $29.9 billion and is part of the financial sector. Shares are down 5.0% year-to-date as of the close of trading on Monday. Currently there are 9 analysts that 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.

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).

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