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3 Financial Stocks Dragging The Sector Down

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 25 points (-0.1%) at 16,936 as of Monday, July 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,030 issues advancing vs. 1,900 declining with 205 unchanged.

The Financial sector currently sits down 0.2% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the sector include Royal Bank of Scotland Group (The ( RBS), down 3.3%, Credit Suisse Group ( CS), down 1.9%, Fifth Third Bancorp ( FITB), down 1.6%, M&T Bank ( MTB), down 1.5% and CBRE Group ( CBG), down 1.5%. Top gainers within the sector include KB Financial Group ( KB), up 4.4%, Woori Finance Holdings ( WF), up 3.7%, BanColombia ( CIB), up 3.0%, Shinhan Financial Group ( SHG), up 2.6% and Mitsubishi UFJ Financial Group ( MTU), up 1.7%.

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

3. Regions Financial ( RF) is one of the companies pushing the Financial sector lower today. As of noon trading, Regions Financial is down $0.12 (-1.2%) to $10.24 on average volume. Thus far, 5.6 million shares of Regions Financial exchanged hands as compared to its average daily volume of 13.1 million shares. The stock has ranged in price between $10.21-$10.37 after having opened the day at $10.35 as compared to the previous trading day's close of $10.36.

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. The company operates in three segments: Business Services, Consumer Services, and Wealth Management. Regions Financial has a market cap of $14.2 billion and is part of the banking industry. Shares are up 4.8% year-to-date as of the close of trading on Friday. Currently there are 9 analysts that rate Regions Financial a buy, 2 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Regions Financial as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Regions Financial 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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