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Declines From Royal Bank Of Canada (RY) Drive Down Financial Sector

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.

Royal Bank Of Canada (RY) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day down 0.1%. By the end of trading, Royal Bank Of Canada fell 98 cents (-1.6%) to $58.65 on heavy volume. Throughout the day, 935,559 shares of Royal Bank Of Canada exchanged hands as compared to its average daily volume of 509,800 shares. The stock ranged in price between $58.25-$58.96 after having opened the day at $58.76 as compared to the previous trading day's close of $59.63. Other companies within the Financial sector that declined today were: Access National Corporation (ANCX), down 21.1%, Credit Suisse (DGAZ), down 13.8%, Millennium India Acquisition Corporation (SMCG), down 10%, and IFM Investments (CTC), down 8%.

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Royal Bank of Canada provides personal and commercial banking, wealth management, insurance, investor and treasury, and capital markets services worldwide. Royal Bank Of Canada has a market cap of $87.39 billion and is part of the banking industry. The company has a P/E ratio of 11.8, below the S&P 500 P/E ratio of 17.7. Shares are down 1.1% year to date as of the close of trading on Thursday. Currently there are three analysts that rate Royal Bank Of Canada a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates Royal Bank Of Canada as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and growth in earnings per share. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall.

On the positive front, Altisource Residential Corporation (RESI), up 33.3%, American Spectrum Realty (AQQ), up 27.1%, Bank VA Chesterfield (BOVA), up 20.6%, and Cordia Bancorp (BVA), up 20.6%, were all gainers within the financial sector with Banco Santander (SAN) being today's featured financial sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR (XLF) while those bearish on the financial sector could consider Proshares Short Financials (SEF).

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