3 Banking Stocks Nudging 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 73 points (0.4%) at 16,911 as of Tuesday, Aug. 19, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,966 issues advancing vs. 988 declining with 181 unchanged.

The Banking industry currently sits up 0.1% versus the S&P 500, which is up 0.4%.

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

3. Royal Bank Of Canada ( RY) is one of the companies pushing the Banking industry higher today. As of noon trading, Royal Bank Of Canada is up $0.78 (1.1%) to $74.66 on heavy volume. Thus far, 404,859 shares of Royal Bank Of Canada exchanged hands as compared to its average daily volume of 407,700 shares. The stock has ranged in price between $73.82-$74.82 after having opened the day at $74.08 as compared to the previous trading day's close of $73.88.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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 $105.7 billion and is part of the financial sector. Shares are up 9.9% year-to-date as of the close of trading on Monday. Currently there are 4 analysts who 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 expanding profit margins. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. 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.

2. As of noon trading, JPMorgan Chase ( JPM) is up $0.40 (0.7%) to $57.63 on light volume. Thus far, 3.6 million shares of JPMorgan Chase exchanged hands as compared to its average daily volume of 13.2 million shares. The stock has ranged in price between $57.34-$57.64 after having opened the day at $57.60 as compared to the previous trading day's close of $57.23.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Management. JPMorgan Chase has a market cap of $213.5 billion and is part of the financial sector. Shares are down 2.1% year-to-date as of the close of trading on Monday. Currently there are 18 analysts who rate JPMorgan Chase a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates JPMorgan Chase as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full JPMorgan Chase 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.

1. As of noon trading, Citigroup ( C) is up $0.39 (0.8%) to $49.90 on average volume. Thus far, 7.1 million shares of Citigroup exchanged hands as compared to its average daily volume of 15.8 million shares. The stock has ranged in price between $49.52-$50.25 after having opened the day at $49.53 as compared to the previous trading day's close of $49.51.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions. Citigroup has a market cap of $147.7 billion and is part of the financial sector. Shares are down 5.0% year-to-date as of the close of trading on Monday. Currently there are 15 analysts who rate Citigroup a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Citigroup as a buy. Among the primary strengths of the company is its expanding profit margins over time. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Citigroup 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 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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