All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 4 points (0.0%) at 16,773 as of Tuesday, Oct. 6, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,538 issues advancing vs. 1,434 declining with 163 unchanged.

The Banking industry currently sits down 0.3% versus the S&P 500, which is down 0.7%. Top gainers within the industry include Banco Santander Chile ( BSAC), up 2.2%, Banco Santander Brasil SA/Brazil ( BSBR), up 0.8% and Canadian Imperial Bank of Commerce ( CM), up 0.8%.

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

3. M&T Bank ( MTB) is one of the companies pushing the Banking industry lower today. As of noon trading, M&T Bank is down $1.61 (-1.4%) to $116.67 on average volume. Thus far, 513,123 shares of M&T Bank exchanged hands as compared to its average daily volume of 872,100 shares. The stock has ranged in price between $116.46-$118.86 after having opened the day at $118.84 as compared to the previous trading day's close of $118.28.

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M&T Bank Corporation, a bank holding company, provides commercial and retail banking services. The company's Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. M&T Bank has a market cap of $15.5 billion and is part of the financial sector. The company has a P/E ratio of 15.6, below the S&P 500 P/E ratio of 24.6. Shares are down 5.8% year-to-date as of the close of trading on Monday. Currently there are 6 analysts that rate M&T Bank a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates M&T Bank as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, expanding profit margins and reasonable valuation levels. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full M&T Bank Ratings Report now.

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2. As of noon trading, State Street ( STT) is down $0.62 (-0.9%) to $68.05 on light volume. Thus far, 643,607 shares of State Street exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $67.95-$68.70 after having opened the day at $68.37 as compared to the previous trading day's close of $68.67.

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State Street Corporation provides a range of financial products and services to institutional investors worldwide. State Street has a market cap of $27.4 billion and is part of the financial sector. The company has a P/E ratio of 15.9, below the S&P 500 P/E ratio of 24.6. Shares are down 12.5% year-to-date as of the close of trading on Monday. Currently there are 6 analysts that rate State Street a buy, 3 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates State Street as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth 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 State Street Ratings Report now.

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1. As of noon trading, BB&T ( BBT) is down $0.31 (-0.8%) to $36.26 on average volume. Thus far, 2.0 million shares of BB&T exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $36.21-$36.59 after having opened the day at $36.33 as compared to the previous trading day's close of $36.57.

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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 $26.2 billion and is part of the financial sector. The company has a P/E ratio of 12.9, below the S&P 500 P/E ratio of 24.6. Shares are down 6.0% year-to-date as of the close of trading on Monday. Currently there are 11 analysts that rate BB&T a buy, no analysts rate it a sell, and 13 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, increase in net income, good cash flow from operations, expanding profit margins and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. 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).