4 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 modelAll three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 18 points (-0.1%) at 13,964 as of Thursday, Feb. 14, 2013, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,305 issues advancing vs. 1,524 declining with 153 unchanged.The Financial sector currently sits up 0.2% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include MetLife (MET), down 3.1%, Mitsubishi UFJ Financial Group (MTU), down 2.7%, Orix Corporation (IX), down 2.6%, Deutsche Bank (DB), down 1.9% and Progressive Corporation (PGR), down 1.8%. Top gainers within the sector include Icahn (IEP), up 3.4%, HDFC Bank (HDB), up 1.7%, Berkshire Hathaway (BRK.A), up 0.9% and Manulife Financial Corporation (MFC), up 0.6%.TheStreet Ratings group would like to highlight 4 stocks pushing the sector lower today:4. Lloyds Banking Group (LYG) is one of the companies pushing the Financial sector lower today. As of noon trading, Lloyds Banking Group is down $0.03 (-0.9%) to $3.40 on average volume Thus far, 1.1 million shares of Lloyds Banking Group exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $3.37-$3.42 after having opened the day at $3.39 as compared to the previous trading day's close of $3.43. Lloyds Banking Group plc provides banking and financial services to personal and corporate customers primarily in the United Kingdom. The company's Retail division provides banking, mortgages, and other financial services to personal customers. Lloyds Banking Group has a market cap of $59.9 billion and is part of the banking industry. The company has a P/E ratio of 11.9, below the S&P 500 P/E ratio of 17.7. Shares are up 8.8% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Lloyds Banking Group a buy, no analysts rate it a sell, and none rate it a hold.TheStreet Ratings rates Lloyds Banking Group as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. Get the full Lloyds Banking Group Ratings Report now.It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE
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