3 Financial Stocks Dragging The Sector Down
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 104 points (0.6%) at 17,836 as of Friday, Nov. 20, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,952 issues advancing vs. 981 declining with 162 unchanged.
The Financial sector currently sits up 0.4% versus the S&P 500, which is up 0.6%. On the negative front, top decliners within the sector include
(
), down 29.5%,
(
), down 2.8%,
Royal Bank of Scotland Group (The
(
), down 2.3%,
(
), down 0.9% and
Canadian Imperial Bank of Commerce
(
), down 0.7%. Top gainers within the sector include
(
), up 4.7%,
Banco Santander Brasil SA/Brazil
(
), up 2.9%,
(
), up 2.7%,
(
), up 2.2% and
(
), up 2.0%.
TheStreet would like to highlight 3 stocks pushing the sector lower today:
3.
(
) is one of the companies pushing the Financial sector lower today. As of noon trading, ING Groep is down $0.26 (-1.8%) to $13.98 on average volume. Thus far, 1.6 million shares of ING Groep exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $13.94-$14.15 after having opened the day at $14.15 as compared to the previous trading day's close of $14.24.
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ING Groep N.V., a financial institution, provides banking products and services to individuals, small and medium enterprises, and mid-corporates. It operates through Retail Netherlands; Retail Belgium; Retail Germany; Retail Rest of World; and Commercial Banking segments. ING Groep has a market cap of $55.1 billion and is part of the banking industry. Shares are up 9.8% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts that rate ING Groep a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
ING Groep
as a
. The area that we feel has been the company's primary weakness has been its declining revenues. Get the full
now.
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2. As of noon trading,
(
) is down $0.46 (-1.7%) to $25.99 on light volume. Thus far, 383,625 shares of Deutsche Bank exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $25.91-$26.36 after having opened the day at $26.35 as compared to the previous trading day's close of $26.45.
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Deutsche Bank AG provides investment, financial, and related products and services worldwide. Its Corporate Banking & Securities division engages in selling, trading, and structuring a range of fixed income, equity, equity-linked, foreign exchange, and commodities products. Deutsche Bank has a market cap of $36.0 billion and is part of the banking industry. Shares are down 11.9% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst that rates Deutsche Bank a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Deutsche Bank
as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and generally disappointing historical performance in the stock itself. Get the full
now.
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1. As of noon trading,
(
) is down $0.41 (-1.3%) to $31.03 on light volume. Thus far, 1.6 million shares of Blackstone Group exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $31.03-$31.59 after having opened the day at $31.53 as compared to the previous trading day's close of $31.44.
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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 $19.5 billion and is part of the financial services industry. Shares are down 7.1% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts that rate Blackstone Group a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Blackstone Group
as a
. 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 sector could consider
(
) while those bearish on the financial sector could consider
(
).