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

All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 10 points (0.1%) at 14,085 as of Thursday, Feb. 28, 2013, 12:04 PM ET. The NYSE advances/declines ratio sits at 1,607 issues advancing vs. 1,243 declining with 160 unchanged.

The Financial sector currently sits up 0.1% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include Royal Bank of Scotland Group (The (RBS), down 7.0%, HDFC Bank (HDB), down 4.2%, American Capital Agency (AGNC), down 3.1%, Canadian Imperial Bank of Commerce (CM), down 1.6% and Nomura Holdings (NMR), down 1.6%. Top gainers within the sector include Assured Guaranty (AGO), up 4.9%, Aon plc (AON), up 1.6%, Annaly Capital Management (NLY), up 1.1% and Lloyds Banking Group (LYG), up 0.3%.

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

5. Credit Suisse Group (CS) is one of the companies pushing the Financial sector lower today. As of noon trading, Credit Suisse Group is down $0.52 (-1.9%) to $26.85 on light volume Thus far, 665,792 shares of Credit Suisse Group exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $26.81-$26.98 after having opened the day at $26.87 as compared to the previous trading day's close of $27.37.

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 $34.5 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 up 8.8% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Credit Suisse Group a buy, no analysts rate it a sell, and none rate 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, disappointing return on equity and weak operating cash flow. Get the full Credit Suisse Group Ratings Report now.

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