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TROW, ETFC And SCHW, 3 Financial Services Stocks Pushing The Industry 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 37 points (0.2%) at 16,943 as of Wednesday, July 9, 2014, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,468 issues advancing vs. 1,471 declining with 161 unchanged.

The Financial Services industry currently sits down 0.1% versus the S&P 500, which is up 0.3%. On the negative front, top decliners within the industry include Apollo Global Management (APO), down 3.6%, PHH (PHH), down 3.5%, Waddell & Reed Financial (WDR), down 3.1%, Nomura Holdings (NMR), down 1.4% and LPL Financial Holdings (LPLA), down 1.2%. Top gainers within the industry include Janus Capital Group (JNS), up 2.1%, American Capital (ACAS), up 1.2%, Lazard (LAZ), up 0.7% and MasterCard (MA), up 0.6%.

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

3. T. Rowe Price Group (TROW) is one of the companies pushing the Financial Services industry lower today. As of noon trading, T. Rowe Price Group is down $0.67 (-0.8%) to $83.85 on average volume. Thus far, 557,233 shares of T. Rowe Price Group exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $83.39-$85.09 after having opened the day at $84.90 as compared to the previous trading day's close of $84.52.

T. Rowe Price Group, Inc. is a publicly owned asset management holding company. The firm primarily provides its services to individual and institutional investors, retirement plans, and financial intermediaries. T. Rowe Price Group has a market cap of $22.4 billion and is part of the financial sector. Shares are up 0.9% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts that rate T. Rowe Price Group a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates T. Rowe Price Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full T. Rowe Price 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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DOW 17,064.60 -14.97 -0.09%
S&P 500 1,999.95 +3.21 0.16%
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