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3 Stocks Pushing The Financial Sector Lower

All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 89 points (0.6%) at 15,077 as of Friday, July 5, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,417 issues advancing vs. 1,574 declining with 76 unchanged.

The Financial sector currently sits up 0.2% versus the S&P 500, which is up 0.6%. On the negative front, top decliners within the sector include American Capital Agency (AGNC), down 7.7%, Annaly Capital Management (NLY), down 6.8%, Ventas (VTR), down 3.3%, Health Care REIT (HCN), down 3.2% and HCP (HCP), down 2.9%. Top gainers within the sector include Lincoln National Corp (Radnor (LNC), up 4.7%, SunTrust Banks (STI), up 3.6%, Nomura Holdings (NMR), up 3.7%, ING Groep N.V (ING), up 3.2% and Charles Schwab (SCHW), up 2.8%.

TheStreet 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 $0.84 (-3.6%) to $22.72 on light volume. Thus far, 97,423 shares of Banco Santander Chile exchanged hands as compared to its average daily volume of 369,900 shares. The stock has ranged in price between $22.60-$23.69 after having opened the day at $23.55 as compared to the previous trading day's close of $23.56.

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 $11.2 billion and is part of the banking industry. Shares are down 16.7% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Banco Santander Chile a buy, 2 analysts rate it a sell, and 4 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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