3 Stocks Raising The Banking 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 13 points (0.1%) at 16,507 as of Monday, Aug. 4, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,334 issues advancing vs. 1,665 declining with 161 unchanged.

The Banking industry currently sits down 0.4% versus the S&P 500, which is up 0.2%. A company within the industry that fell today was Woori Finance Holdings ( WF), up 2.0%.

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 $0.09 (0.8%) to $11.81 on light volume. Thus far, 270,785 shares of Royal Bank of Scotland Group (The exchanged hands as compared to its average daily volume of 775,700 shares. The stock has ranged in price between $11.78-$11.95 after having opened the day at $11.93 as compared to the previous trading day's close of $11.72.

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 $67.7 billion and is part of the financial sector. Shares are up 3.4% year-to-date as of the close of trading on Friday. 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 solid stock price performance, increase in net income and growth in earnings per share. 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.

3x UPSIDE POTENTIAL: 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 up $0.20 (0.7%) to $27.12 on average volume. Thus far, 425,174 shares of Credit Suisse Group exchanged hands as compared to its average daily volume of 959,100 shares. The stock has ranged in price between $27.06-$27.31 after having opened the day at $27.31 as compared to the previous trading day's close of $26.92.

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 $43.4 billion and is part of the financial sector. Shares are down 13.3% year-to-date as of the close of trading on Friday. Currently there are 2 analysts who 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 sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and generally disappointing historical performance in the stock itself. Get the full Credit Suisse Group 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, Wells Fargo ( WFC) is up $0.38 (0.8%) to $50.73 on average volume. Thus far, 6.9 million shares of Wells Fargo exchanged hands as compared to its average daily volume of 14.5 million shares. The stock has ranged in price between $50.52-$50.91 after having opened the day at $50.57 as compared to the previous trading day's close of $50.35.

Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Wells Fargo has a market cap of $268.1 billion and is part of the financial sector. Shares are up 10.9% year-to-date as of the close of trading on Friday. Currently there are 10 analysts who rate Wells Fargo a buy, 2 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Wells Fargo as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Wells Fargo 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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