3 Stocks Pushing The Banking Industry Lower

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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.

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