MTU, BSAC And HDB, Pushing Banking Industry Downward

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 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.

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, Banco Santander Chile ( BSAC) is down $0.54 (-2.1%) to $24.52 on average volume. Thus far, 246,365 shares of Banco Santander Chile exchanged hands as compared to its average daily volume of 386,300 shares. The stock has ranged in price between $24.51-$25.09 after having opened the day at $25.07 as compared to the previous trading day's close of $25.06.

Banco Santander-Chile provides commercial and retail banking services in Chile. It operates through two segments, Commercial Banking, and Global Banking and Markets. Banco Santander Chile has a market cap of $11.8 billion and is part of the financial sector. Shares are up 6.3% year-to-date as of the close of trading on Monday. Currently there are 2 analysts that rate Banco Santander Chile a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Banco Santander Chile 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 stock has experienced relatively poor performance when compared with the S&P 500 during the past year. Get the full Banco Santander Chile 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, HDFC Bank ( HDB) is down $0.47 (-0.9%) to $49.45 on light volume. Thus far, 307,290 shares of HDFC Bank exchanged hands as compared to its average daily volume of 967,300 shares. The stock has ranged in price between $49.39-$49.94 after having opened the day at $49.73 as compared to the previous trading day's close of $49.92.

HDFC Bank Limited, together with its subsidiaries, provides a range of banking and financial services to individuals and businesses in India, as well as in Bahrain and Hong Kong. The company operates in four segments: Retail Banking, Wholesale Banking, Treasury, and Other Banking Operations. HDFC Bank has a market cap of $39.6 billion and is part of the financial sector. Shares are up 45.0% year-to-date as of the close of trading on Monday. Currently there are 2 analysts that rate HDFC Bank a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates HDFC Bank as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and compelling growth in net income. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation. Get the full HDFC Bank 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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