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BSAC, HDB And AIG, Pushing Financial Sector Downward

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 127 points (0.8%) at 15,307 as of Tuesday, June 18, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 2,604 issues advancing vs. 474 declining with 57 unchanged.

The Financial sector currently sits up 0.4% versus the S&P 500, which is up 0.6%. A company within the sector that fell today was Banco De Chile (BCH), up 1.00. Top gainers within the sector include Nomura Holdings (NMR), up 4.4%, Orix Corporation (IX), up 3.0%, ING Groep N.V (ING), up 2.4%, IntercontinentalExchange (ICE), up 2.3% and Franklin Resources (BEN), up 2.1%.

TheStreet Ratings group would like to highlight 3 stocks pushing the sector lower today:

3. Banco Santander Chile (BSAC) is one of the companies pushing the Financial sector lower today. As of noon trading, Banco Santander Chile is down $0.33 (-1.4%) to $23.73 on light volume Thus far, 35,881 shares of Banco Santander Chile exchanged hands as compared to its average daily volume of 383,100 shares. The stock has ranged in price between $23.71-$23.96 after having opened the day at $23.94 as compared to the previous trading day's close of $24.06.

Banco Santander-Chile provides commercial and retail banking services in Chile. It operates through two segments, Commercial Banking, and Global Banking and Markets. Banco Santander Chile has a market cap of $11.3 billion and is part of the banking industry. The company has a P/E ratio of 0.0, below the S&P 500 P/E ratio of 17.7. Shares are down 15.5% year to date as of the close of trading on Monday. Currently there are no analysts that rate Banco Santander Chile a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Banco Santander Chile as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and deteriorating net income. Get the full Banco Santander Chile Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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