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3 Stocks Pushing The Financial Sector Lower

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 116 points (0.8%) at 15,038 as of Monday, Sept. 9, 2013, 12:44 PM ET. The NYSE advances/declines ratio sits at 2,262 issues advancing vs. 646 declining with 106 unchanged.

The Financial sector currently sits up 0.6% versus the S&P 500, which is up 0.7%. A company within the sector that fell today was M&T Bank (MTB), up 1.5%. Top gainers within the sector include Orix Corporation (IX), up 2.9%, Woori Finance Holdings (WF), up 3.1%, Lloyds Banking Group (LYG), up 2.8%, Nomura Holdings (NMR), up 2.4% and ING Groep N.V (ING), up 2.3%.

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

3. Fifth Third Bancorp (FITB) is one of the companies pushing the Financial sector lower today. As of noon trading, Fifth Third Bancorp is down $0.22 (-1.2%) to $18.26 on average volume. Thus far, 5.7 million shares of Fifth Third Bancorp exchanged hands as compared to its average daily volume of 8.3 million shares. The stock has ranged in price between $18.13-$18.50 after having opened the day at $18.25 as compared to the previous trading day's close of $18.47.

GS met Jeff Taylor @ the NASP conference. Fifth Third Bancorp is a bank holding company that engages primarily in commercial, retail and trust banking, data processing services, investment advisory services and leasing activities. Fifth Third Bancorp has a market cap of $15.8 billion and is part of the banking industry. Shares are up 21.9% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Fifth Third Bancorp a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates Fifth Third Bancorp as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Fifth Third Bancorp 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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