3 Stocks Underperforming Today In The Banking Industry

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 67 points (0.4%) at 16,436 as of Friday, Aug. 8, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,992 issues advancing vs. 961 declining with 169 unchanged.

The Banking industry currently sits up 0.2% versus the S&P 500, which is up 0.4%. On the negative front, top decliners within the industry include Canadian Imperial Bank of Commerce ( CM), down 1.6%, Shinhan Financial Group ( SHG), down 1.4% and Mitsubishi UFJ Financial Group ( MTU), down 1.2%. A company within the industry that increased today was Royal Bank of Scotland Group (The ( RBS), up 2.4%.

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

3. Royal Bank Of Canada ( RY) is one of the companies pushing the Banking industry lower today. As of noon trading, Royal Bank Of Canada is down $0.74 (-1.0%) to $71.89 on average volume. Thus far, 279,050 shares of Royal Bank Of Canada exchanged hands as compared to its average daily volume of 389,500 shares. The stock has ranged in price between $71.77-$72.39 after having opened the day at $72.25 as compared to the previous trading day's close of $72.63.

Royal Bank of Canada, a diversified financial service company, provides personal and commercial banking, wealth management, insurance, investor, and capital markets products and services worldwide. Royal Bank Of Canada has a market cap of $105.2 billion and is part of the financial sector. Shares are up 8.0% year-to-date as of the close of trading on Thursday. Currently there are 4 analysts that rate Royal Bank Of Canada a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Royal Bank Of Canada as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Royal Bank Of Canada 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 liked this article you might like

American Express Now Supported by Android Pay in Canada

Nasdaq Swept Away From Records on Brutal Surprise Tech Selloff

S&P 500 and Nasdaq Fall, Pulled Lower by a Swift Tech Selloff

Stocks Rise With Banks Outperforming Ahead of Next Week's Focus on the Fed and Interest Rates

JP Morgan Could Crash, Hard