3 Stocks Pushing The Financial Services Industry Lower
1. As of noon trading, Capital One Financial ( COF) is down $1.19 (-2.2%) to $54.40 on heavy volume Thus far, 4.0 million shares of Capital One Financial exchanged hands as compared to its average daily volume of 4.5 million shares. The stock has ranged in price between $54.12-$56.09 after having opened the day at $56.09 as compared to the previous trading day's close of $55.59. Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association (COBNA), and Capital One, National Association (CONA), which provide various financial products and services in the United States, the United Kingdom, and Canada. Capital One Financial has a market cap of $32.0 billion and is part of the financial sector. The company has a P/E ratio of 8.4, below the S&P 500 P/E ratio of 17.7. Shares are down 4.9% year to date as of the close of trading on Thursday. Currently there are 19 analysts that rate Capital One Financial a buy, no analysts rate it a sell, and 4 rate it a hold. TheStreet Ratings rates Capital One Financial as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, increase in net income, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Capital One Financial 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 If you are interested in one of these 4 stocks, ETFs may be of interest. Investors who are bullish on the financial services industry could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial services industry could consider Proshares Short Financials ( SEF). A reminder about TheStreet Ratings group: 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.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts