SHG, BFR And USB, 3 Banking Stocks Pushing The Industry Lower

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 30 points (0.2%) at 16,949 as of Wednesday, Aug. 20, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,346 issues advancing vs. 1,589 declining with 185 unchanged.

The Banking industry currently sits down 0.3% versus the S&P 500, which is up 0.1%. A company within the industry that fell today was Mitsubishi UFJ Financial Group ( MTU), up 1.1%. A company within the industry that increased today was HDFC Bank ( HDB), up 0.8%.

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

3. Shinhan Financial Group ( SHG) is one of the companies pushing the Banking industry lower today. As of noon trading, Shinhan Financial Group is down $0.88 (-1.7%) to $50.70 on light volume. Thus far, 9,506 shares of Shinhan Financial Group exchanged hands as compared to its average daily volume of 53,000 shares. The stock has ranged in price between $50.51-$50.73 after having opened the day at $50.59 as compared to the previous trading day's close of $51.58.

Shinhan Financial Group Co., Ltd. provides various financial products and services to corporations, institutional investors, governments, and individuals in South Korea and internationally. Shinhan Financial Group has a market cap of $24.4 billion and is part of the financial sector. Shares are up 12.9% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Shinhan Financial Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Shinhan Financial Group 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 Shinhan 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, Bbva Banco FrancesS.A ( BFR) is down $0.70 (-6.4%) to $10.24 on average volume. Thus far, 225,383 shares of Bbva Banco FrancesS.A exchanged hands as compared to its average daily volume of 474,600 shares. The stock has ranged in price between $10.22-$10.90 after having opened the day at $10.74 as compared to the previous trading day's close of $10.94.

BBVA Banco Frances S.A., together with its subsidiaries, provides various financial services to corporations, medium and small companies, and individual customers in the Republic of Argentina. The company offers checking and savings accounts, time deposits, and investment accounts. Bbva Banco FrancesS.A has a market cap of $2.0 billion and is part of the financial sector. Shares are up 57.2% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Bbva Banco FrancesS.A a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Bbva Banco FrancesS.A as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Bbva Banco FrancesS.A 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, U.S. Bancorp ( USB) is down $0.24 (-0.6%) to $41.60 on average volume. Thus far, 2.5 million shares of U.S. Bancorp exchanged hands as compared to its average daily volume of 6.0 million shares. The stock has ranged in price between $41.50-$41.78 after having opened the day at $41.67 as compared to the previous trading day's close of $41.84.

U.S. Bancorp, a financial services holding company, provides a range of financial services in the United States. U.S. Bancorp has a market cap of $75.2 billion and is part of the financial sector. Shares are up 3.6% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts that rate U.S. Bancorp a buy, 1 analyst rates it a sell, and 16 rate it a hold.

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

null

More from Markets

Tuesday Turnaround in Politics: Is a Trade War on the Horizon?

Tuesday Turnaround in Politics: Is a Trade War on the Horizon?

FANG Stocks Get Swept Up in Broader Market Selloff

FANG Stocks Get Swept Up in Broader Market Selloff

Snap Shares Plunge After Cowen Cuts Price Target

Snap Shares Plunge After Cowen Cuts Price Target

Netflix Shares Hit All-Time High as Market Flounders

Netflix Shares Hit All-Time High as Market Flounders

Dow Dives Nearly 300 Points as Trump Ratchets Up China Trade Fight

Dow Dives Nearly 300 Points as Trump Ratchets Up China Trade Fight