5 Stocks Pushing The Financial Sector Higher
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our modelAll three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 20 points (-0.2%) at 12,795 as of Monday, Nov. 12, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,283 issues advancing vs. 1,555 declining with 129 unchanged.The Financial sector currently sits down 0.1% versus the S&P 500, which is down 0.1%. Top gainers within the sector include Chimera Investment Corporation (CIM), up 7.1%, Lloyds Banking Group (LYG), up 3.7%, Royal Bank of Scotland Group (The (RBS), up 2.6%, BanColombia (CIB), up 2.2% and Woori Finance Holdings (WF), up 1.9%. On the negative front, top decliners within the sector include National Bank of Greece (NBG), down 12.3%, Chubb (CB), down 1.1%, Vornado Realty (VNO), down 1.2%, Mitsubishi UFJ Financial Group (MTU), down 1.0% and American Tower (AMT), down 0.7%.TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:5. Credit Suisse Group (CS) is one of the companies pushing the Financial sector higher today. As of noon trading, Credit Suisse Group is up $0.16 (0.7%) to $22.76 on light volume Thus far, 406,341 shares of Credit Suisse Group exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $22.73-$22.92 after having opened the day at $22.84 as compared to the previous trading day's close of $22.60. Credit Suisse Group AG, together with its subsidiaries, operates as a financial services company. The company operates in three segments: Private Banking, Investment Banking, and Asset Management. Credit Suisse Group has a market cap of $29.5 billion and is part of the banking industry. The company has a P/E ratio of 9.5, below the S&P 500 P/E ratio of 17.7. Shares are down 2.7% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Credit Suisse Group a buy, no analysts rate it a sell, and 1 rates it a hold.TheStreet Ratings rates Credit Suisse Group 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, disappointing return on equity, weak operating cash flow and feeble growth in its earnings per share. Get the full Credit Suisse Group Ratings Report now.
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