3 Financial Services Stocks Dragging The Industry Down

TheStreet highlights 3 stocks pushing the financial services industry lower today.
By TheStreet Wire ,

All three major indices are trading down today with the

Dow Jones Industrial Average

(

^DJI

) trading down 44 points (-0.2%) at 17,874 as of Wednesday, Nov. 4, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,080 issues advancing vs. 1,836 declining with 168 unchanged.

The Financial Services industry currently sits down 0.1% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the industry include

KKR

(

KKR

), down 2.8%,

WisdomTree Investments

(

WETF

), down 2.3%,

MarketAxess Holdings

(

MKTX

), down 1.9%,

CBOE Holdings

(

CBOE

), down 1.2% and

Nasdaq

(

NDAQ

), down 1.2%. Top gainers within the industry include

Encore Capital Group

(

ECPG

), up 8.7%,

Fortress Investment Group

(

FIG

), up 6.1%,

Visa

(

V

), up 0.7% and

Nomura Holdings

(

NMR

), up 0.6%.

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

3.

Invesco

(

IVZ

) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Invesco is down $0.20 (-0.6%) to $33.47 on light volume. Thus far, 875,211 shares of Invesco exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $33.38-$33.82 after having opened the day at $33.72 as compared to the previous trading day's close of $33.67.

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Invesco Ltd. is a publicly owned investment manager. Invesco has a market cap of $14.2 billion and is part of the financial sector. Shares are down 14.8% year-to-date as of the close of trading on Tuesday. Currently there are 13 analysts that rate Invesco a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates

Invesco

as a

buy

. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full

Invesco Ratings Report

now.

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2. As of noon trading,

Ameriprise Financial

(

AMP

) is down $1.30 (-1.1%) to $116.50 on light volume. Thus far, 306,137 shares of Ameriprise Financial exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $116.22-$118.26 after having opened the day at $117.79 as compared to the previous trading day's close of $117.80.

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Ameriprise Financial, Inc., through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. Ameriprise Financial has a market cap of $20.9 billion and is part of the financial sector. Shares are down 10.9% year-to-date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Ameriprise Financial a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates

Ameriprise Financial

as a

buy

. The company's strengths can be seen in multiple areas, such as its notable return on equity and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full

Ameriprise Financial Ratings Report

now.

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1. As of noon trading,

Blackstone Group

(

BX

) is down $0.75 (-2.2%) to $33.84 on light volume. Thus far, 1.7 million shares of Blackstone Group exchanged hands as compared to its average daily volume of 5.5 million shares. The stock has ranged in price between $33.76-$34.71 after having opened the day at $34.48 as compared to the previous trading day's close of $34.59.

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The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations. Blackstone Group has a market cap of $21.0 billion and is part of the financial sector. Shares are up 2.2% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Blackstone Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates

Blackstone Group

as a

buy

. Among the primary strengths of the company is its solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full

Blackstone Group Ratings Report

now.

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If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the financial services industry could consider

Financial Select Sector SPDR

(

XLF

) while those bearish on the financial services industry could consider

Proshares Short Financials

(

SEF

).

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