All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 95 points (-0.5%) at 18,476 as of Monday, July 25, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 974 issues advancing vs. 1,919 declining with 171 unchanged.

The Banking industry currently sits down 0.3% versus the S&P 500, which is down 0.6%. On the negative front, top decliners within the industry include BanColombia ( CIB), down 3.3%, Grupo Aval Acciones y Valores ( AVAL), down 2.8%, Banco Santander (Brasil ( BSBR), down 2.1%, Lloyds Banking Group ( LYG), down 2.0% and Mitsubishi UFJ Financial Group ( MTU), down 1.1%.

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

3. Bank of Nova Scotia ( BNS) is one of the companies pushing the Banking industry lower today. As of noon trading, Bank of Nova Scotia is down $0.56 (-1.1%) to $49.67 on light volume. Thus far, 228,394 shares of Bank of Nova Scotia exchanged hands as compared to its average daily volume of 936,800 shares. The stock has ranged in price between $49.62-$50.09 after having opened the day at $50.04 as compared to the previous trading day's close of $50.23.

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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 $60.4 billion and is part of the financial sector. Shares are up 24.2% year-to-date as of the close of trading on Friday. Currently there are 4 analysts that rate Bank of Nova Scotia a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Bank of Nova Scotia as a sell. Among the areas we feel are negative, one of the most important has been generally deteriorating net income. Get the full Bank of Nova Scotia Ratings Report now.

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2. As of noon trading, Toronto-Dominion Bank ( TD) is down $0.34 (-0.8%) to $43.12 on light volume. Thus far, 383,057 shares of Toronto-Dominion Bank exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $43.06-$43.36 after having opened the day at $43.29 as compared to the previous trading day's close of $43.45.

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The Toronto-Dominion Bank, together with its subsidiaries, provides various retail and commercial banking products and services in Canada, the United States, and internationally. The company operates through Canadian Retail, U.S. Retail, and Wholesale Banking segments. Toronto-Dominion Bank has a market cap of $80.7 billion and is part of the financial sector. Shares are up 10.9% year-to-date as of the close of trading on Friday. Currently there are 3 analysts that rate Toronto-Dominion Bank a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Toronto-Dominion Bank 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 find that the company's return on equity has been disappointing. Get the full Toronto-Dominion Bank Ratings Report now.

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1. As of noon trading, State Street ( STT) is down $0.69 (-1.2%) to $57.55 on light volume. Thus far, 885,349 shares of State Street exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $57.50-$58.17 after having opened the day at $58.04 as compared to the previous trading day's close of $58.24.

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State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. State Street has a market cap of $22.7 billion and is part of the financial sector. Shares are down 12.2% year-to-date as of the close of trading on Friday. Currently there are 5 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 attractive valuation levels, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full State Street 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).