3 Banking Stocks Driving The Industry Higher

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 25 points (-0.1%) at 16,936 as of Monday, July 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,030 issues advancing vs. 1,900 declining with 205 unchanged.

The Banking industry currently sits down 0.4% versus the S&P 500, which is down 0.2%. Top gainers within the industry include Woori Finance Holdings ( WF), up 3.7%, and Shinhan Financial Group ( SHG), up 2.6%. A company within the industry that fell today was Royal Bank of Scotland Group (The ( RBS), up 3.3%.

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

3. Mitsubishi UFJ Financial Group ( MTU) is one of the companies pushing the Banking industry higher today. As of noon trading, Mitsubishi UFJ Financial Group is up $0.10 (1.7%) to $5.95 on average volume. Thus far, 615,109 shares of Mitsubishi UFJ Financial Group exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $5.92-$5.97 after having opened the day at $5.92 as compared to the previous trading day's close of $5.85.

Mitsubishi UFJ Financial Group, Inc., through its subsidiaries, provides financial services in Japan and internationally. Mitsubishi UFJ Financial Group has a market cap of $83.0 billion and is part of the financial sector. Shares are down 12.4% year-to-date as of the close of trading on Friday. Currently there are 2 analysts who 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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