3 Banking Stocks Driving 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 48 points (-0.3%) at 16,864 as of Wednesday, July 30, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,073 issues advancing vs. 1,897 declining with 171 unchanged.

The Banking industry currently sits up 0.4% versus the S&P 500, which is down 0.1%. Top gainers within the industry include HDFC Bank ( HDB), up 1.0%, Mitsubishi UFJ Financial Group ( MTU), up 0.9%, Citigroup ( C), up 0.9% and Wells Fargo ( WFC), up 0.7%. A company within the industry that fell today was Credit Suisse Group ( CS), up 1.0%.

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

3. Royal Bank of Scotland Group (The ( RBS) is one of the companies pushing the Banking industry higher today. As of noon trading, Royal Bank of Scotland Group (The is up $0.29 (2.4%) to $12.24 on heavy volume. Thus far, 905,482 shares of Royal Bank of Scotland Group (The exchanged hands as compared to its average daily volume of 775,200 shares. The stock has ranged in price between $12.19-$12.30 after having opened the day at $12.20 as compared to the previous trading day's close of $11.95.

The Royal Bank of Scotland Group plc, through its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers worldwide. Royal Bank of Scotland Group (The has a market cap of $68.3 billion and is part of the financial sector. Shares are up 5.5% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates Royal Bank of Scotland Group (The a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Royal Bank of Scotland Group (The as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and expanding profit margins. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Royal Bank of Scotland Group (The Ratings Report now.

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2. As of noon trading, Macro Bank ( BMA) is up $5.56 (14.0%) to $45.32 on heavy volume. Thus far, 496,121 shares of Macro Bank exchanged hands as compared to its average daily volume of 263,000 shares. The stock has ranged in price between $43.05-$51.96 after having opened the day at $43.24 as compared to the previous trading day's close of $39.76.

Banco Macro S.A. provides various banking products and services to individuals, entrepreneurs, companies, and corporate customers in Argentina. Macro Bank has a market cap of $2.2 billion and is part of the financial sector. Shares are up 63.8% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate Macro Bank a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Macro Bank as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Macro Bank Ratings Report now.

3x UPSIDE POTENTIAL: 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, Bank of America Corporation ( BAC) is up $0.09 (0.6%) to $15.43 on average volume. Thus far, 34.1 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 65.6 million shares. The stock has ranged in price between $15.31-$15.52 after having opened the day at $15.43 as compared to the previous trading day's close of $15.34.

Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, corporations, and governments in the United States and internationally. Bank of America Corporation has a market cap of $163.0 billion and is part of the financial sector. Shares are down 1.5% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts who rate Bank of America Corporation a buy, 2 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Bank of America Corporation as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Bank of America Corporation Ratings Report now.

3x UPSIDE POTENTIAL: 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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