MTU, BSAC And HDB, Pushing Banking Industry Downward

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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 lower today:

3. Mitsubishi UFJ Financial Group ( MTU) is one of the companies pushing the Banking industry lower today. As of noon trading, Mitsubishi UFJ Financial Group is down $0.03 (-0.5%) to $5.75 on light volume. Thus far, 337,898 shares of Mitsubishi UFJ Financial Group exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $5.74-$5.77 after having opened the day at $5.75 as compared to the previous trading day's close of $5.78.

Mitsubishi UFJ Financial Group, Inc., through its subsidiaries, provides financial services in Japan and internationally. Mitsubishi UFJ Financial Group has a market cap of $81.0 billion and is part of the financial sector. Shares are down 13.5% year-to-date as of the close of trading on Monday. Currently there are 2 analysts that 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 attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full Mitsubishi UFJ Financial Group Ratings Report now.

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