3 Stocks Pushing The 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.

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 lower today:

3. Bank of Montreal ( BMO) is one of the companies pushing the Banking industry lower today. As of noon trading, Bank of Montreal is down $0.65 (-0.8%) to $75.73 on average volume. Thus far, 202,897 shares of Bank of Montreal exchanged hands as compared to its average daily volume of 331,300 shares. The stock has ranged in price between $75.69-$76.35 after having opened the day at $76.30 as compared to the previous trading day's close of $76.38.

Bank of Montreal provides various retail banking, wealth management, and investment banking products and services in Canada, the United States, and internationally. Bank of Montreal has a market cap of $49.8 billion and is part of the financial sector. Shares are up 14.6% year-to-date as of the close of trading on Monday. Currently there is 1 analyst that rates Bank of Montreal a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Bank of Montreal as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow. Get the full Bank of Montreal 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, HDFC Bank ( HDB) is down $0.46 (-0.9%) to $47.41 on average volume. Thus far, 381,067 shares of HDFC Bank exchanged hands as compared to its average daily volume of 799,200 shares. The stock has ranged in price between $47.24-$47.73 after having opened the day at $47.68 as compared to the previous trading day's close of $47.87.

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 $38.4 billion and is part of the financial sector. Shares are up 39.0% 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 buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, compelling growth in net income, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. 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.

1. As of noon trading, Deutsche Bank ( DB) is down $0.48 (-1.3%) to $35.41 on average volume. Thus far, 742,718 shares of Deutsche Bank exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $35.37-$35.76 after having opened the day at $35.58 as compared to the previous trading day's close of $35.89.

Deutsche Bank AG provides investment, financial, and related products and services worldwide. Its Corporate Banking & Securities division is engaged in selling, trading, and structuring a range of fixed income, equity, equity-linked, foreign exchange, and commodities products. Deutsche Bank has a market cap of $49.7 billion and is part of the financial sector. Shares are down 21.9% year-to-date as of the close of trading on Monday. Currently there are 2 analysts that rate Deutsche Bank a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates Deutsche Bank as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full Deutsche 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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