3 Banking Stocks Driving 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 68 points (-0.4%) at 17,105 as of Tuesday, Sept. 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,162 issues advancing vs. 1,797 declining with 186 unchanged.

The Banking industry currently sits down 0.1% versus the S&P 500, which is down 0.2%.

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

3. Shinhan Financial Group ( SHG) is one of the companies pushing the Banking industry higher today. As of noon trading, Shinhan Financial Group is up $1.07 (2.2%) to $49.79 on light volume. Thus far, 16,185 shares of Shinhan Financial Group exchanged hands as compared to its average daily volume of 46,400 shares. The stock has ranged in price between $49.54-$50.04 after having opened the day at $49.78 as compared to the previous trading day's close of $48.72.

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

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 $23.3 billion and is part of the financial sector. Shares are up 6.6% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who 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 revenue growth, attractive valuation levels and solid stock price performance. 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, JPMorgan Chase ( JPM) is up $0.44 (0.7%) to $61.35 on average volume. Thus far, 6.6 million shares of JPMorgan Chase exchanged hands as compared to its average daily volume of 12.8 million shares. The stock has ranged in price between $60.77-$61.38 after having opened the day at $60.82 as compared to the previous trading day's close of $60.91.

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 $229.9 billion and is part of the financial sector. Shares are up 4.2% 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 2 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, expanding profit margins and attractive valuation levels. 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, Bank of America Corporation ( BAC) is up $0.16 (0.9%) to $17.18 on average volume. Thus far, 43.6 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 71.5 million shares. The stock has ranged in price between $17.03-$17.20 after having opened the day at $17.05 as compared to the previous trading day's close of $17.03.

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

Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, corporations, and governments in the United States and internationally. Bank of America Corporation has a market cap of $178.2 billion and is part of the financial sector. Shares are up 9.4% year-to-date as of the close of trading on Monday. Currently there are 9 analysts who rate Bank of America Corporation a buy, 2 analysts rate it a sell, and 9 rate it a hold.

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