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3 Stocks Pushing The Financial Services Industry Downward

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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 14 points (-0.1%) at 16,140 as of Tuesday, Feb. 18, 2014, 12:00 PM ET. The NYSE advances/declines ratio sits at 2,063 issues advancing vs. 873 declining with 164 unchanged.

The Financial Services industry currently sits up 0.3% versus the S&P 500, which is up 0.2%. Top gainers within the industry include Greenhill ( GHL), up 8.4%, Fortress Investment Group ( FIG), up 4.0%, AllianceBernstein Holding L.P ( AB), up 4.0%, WisdomTree Investments ( WETF), up 3.5% and Nomura Holdings ( NMR), up 3.0%.

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

3. CIT Group ( CIT) is one of the companies pushing the Financial Services industry lower today. As of noon trading, CIT Group is down $0.20 (-0.4%) to $47.66 on light volume. Thus far, 246,853 shares of CIT Group exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $47.50-$48.09 after having opened the day at $47.80 as compared to the previous trading day's close of $47.86.

CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing and leasing products, as well as deposit products and savings accounts. CIT Group has a market cap of $9.6 billion and is part of the financial sector. Shares are down 8.2% year-to-date as of the close of trading on Friday. Currently there are 9 analysts that rate CIT Group a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates CIT Group as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins and notable return on equity. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. Get the full CIT Group 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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