3 Stocks Pushing The Banking 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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 97 points (-0.5%) at 17,802 as of Monday, June 15, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,032 issues advancing vs. 1,944 declining with 177 unchanged.

The Banking industry currently sits up 0.2% versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the industry include National Bank of Greece ( NBG), down 7.0%, KB Financial Group ( KB), down 2.3%, Shinhan Financial Group ( SHG), down 2.3%, Banco Santander Brasil SA/Brazil ( BSBR), down 2.1% and Royal Bank of Scotland Group (The ( RBS), down 1.8%.

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

3. Bank of Nova Scotia ( BNS) is one of the companies pushing the Banking industry higher today. As of noon trading, Bank of Nova Scotia is up $0.27 (0.5%) to $53.66 on light volume. Thus far, 278,723 shares of Bank of Nova Scotia exchanged hands as compared to its average daily volume of 756,800 shares. The stock has ranged in price between $52.98-$53.66 after having opened the day at $53.12 as compared to the previous trading day's close of $53.39.

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The Bank of Nova Scotia provides various personal, commercial, corporate, and investment banking services in Canada and internationally. Bank of Nova Scotia has a market cap of $65.1 billion and is part of the financial sector. Shares are down 6.5% year-to-date as of the close of trading on Friday. Currently there are 2 analysts who rate Bank of Nova Scotia a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates Bank of Nova Scotia as a sell. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full Bank of Nova Scotia Ratings Report now.

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2. As of noon trading, Bank of Montreal ( BMO) is up $0.47 (0.8%) to $60.73 on average volume. Thus far, 315,510 shares of Bank of Montreal exchanged hands as compared to its average daily volume of 706,600 shares. The stock has ranged in price between $59.75-$60.77 after having opened the day at $59.90 as compared to the previous trading day's close of $60.26.

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Bank of Montreal offers various banking products and services in Canada, the United States, and internationally. Bank of Montreal has a market cap of $39.1 billion and is part of the financial sector. Shares are down 14.8% year-to-date as of the close of trading on Friday. Currently there are no analysts who rate 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, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full Bank of Montreal Ratings Report now.

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1. As of noon trading, BB&T ( BBT) is up $0.34 (0.8%) to $41.41 on average volume. Thus far, 2.3 million shares of BB&T exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $40.71-$41.50 after having opened the day at $40.75 as compared to the previous trading day's close of $41.07.

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BB&T Corporation operates as a financial holding company that provides various banking and trust services for retail and commercial clients. BB&T has a market cap of $29.6 billion and is part of the financial sector. Shares are up 5.6% year-to-date as of the close of trading on Friday. Currently there are 10 analysts who rate BB&T a buy, no analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates BB&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, attractive valuation levels, increase in stock price during the past year and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full BB&T Ratings Report now.

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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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