3 Stocks Pushing The Banking Industry Downward

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 22 points (-0.1%) at 17,716 as of Thursday, Nov. 19, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,449 issues advancing vs. 1,474 declining with 170 unchanged.

The Banking industry currently is unchanged today versus the S&P 500, which is down 0.1%. Top gainers within the industry include Banco Santander Brasil SA/Brazil ( BSBR), up 2.4%, Shinhan Financial Group ( SHG), up 1.7%, Deutsche Bank ( DB), up 1.5%, Bank of Montreal ( BMO), up 0.9% and Bank of Nova Scotia ( BNS), up 0.6%.

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

3. National Bank of Greece ( NBG) is one of the companies pushing the Banking industry lower today. As of noon trading, National Bank of Greece is down $0.05 (-12.2%) to $0.38 on heavy volume. Thus far, 34.5 million shares of National Bank of Greece exchanged hands as compared to its average daily volume of 9.9 million shares. The stock has ranged in price between $0.37-$0.42 after having opened the day at $0.38 as compared to the previous trading day's close of $0.43.

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National Bank of Greece S.A., together with its subsidiaries, provides diversified financial services. The company is involved in retail and commercial banking, asset management, investment banking, brokerage, and insurance activities. National Bank of Greece has a market cap of $1.6 billion and is part of the financial sector. Shares are down 75.8% year-to-date as of the close of trading on Wednesday. Currently there are no analysts that rate National Bank of Greece a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates National Bank of Greece as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, poor profit margins and weak operating cash flow. Get the full National Bank of Greece Ratings Report now.

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