5 Stocks Pushing The Financial Sector Lower

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 model

Two out of the three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 40 points (0.3%) at 13,114 as of Friday, Dec. 7, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,438 issues advancing vs. 1,420 declining with 156 unchanged.

The Financial sector currently is unchanged today versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the sector include AvalonBay Communities (AVB), down 1.9%, Royal Bank of Scotland Group (The (RBS), down 0.4%, ING Groep N.V (ING), down 0.7% and Credit Suisse Group (CS), down 0.6%. Top gainers within the sector include American International Group (AIG), up 2.4%, JPMorgan Chase (JPM), up 2.1%, Mitsubishi UFJ Financial Group (MTU), up 1.3%, Morgan Stanley (MS), up 1.3% and Bank of America Corporation (BAC), up 1.1%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:

5. HDFC Bank (HDB) is one of the companies pushing the Financial sector lower today. As of noon trading, HDFC Bank is down $0.32 (-0.8%) to $41.90 on light volume Thus far, 91,281 shares of HDFC Bank exchanged hands as compared to its average daily volume of 612,400 shares. The stock has ranged in price between $41.88-$42.26 after having opened the day at $42.19 as compared to the previous trading day's close of $42.22.

HDFC Bank Limited, together with its subsidiaries, provides retail banking, wholesale banking, treasury, and other financial services to individual and business customers in India. HDFC Bank has a market cap of $32.7 billion and is part of the banking industry. The company has a P/E ratio of 34.0, above the S&P 500 P/E ratio of 17.7. Shares are up 59.1% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates HDFC Bank a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates HDFC Bank as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, growth in earnings per share, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full HDFC Bank Ratings Report now.

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