3 Stocks Dragging In The Financial Sector

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

All three major indices are trading down today with the

Dow Jones Industrial Average

(

^DJI

) trading down 122 points (-0.7%) at 17,326 as of Friday, Nov. 13, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,130 issues advancing vs. 1,809 declining with 163 unchanged.

The Financial sector currently sits down 0.2% versus the S&P 500, which is down 0.8%. On the negative front, top decliners within the sector include

General Growth Properties

(

GGP

), down 3.2%,

Banco Santander Brasil SA/Brazil

(

BSBR

), down 3.4%,

Grupo Aval Acciones y Valores

(

AVAL

), down 2.8%,

KB Financial Group

(

KB

), down 2.8% and

Affiliated Managers Group

(

AMG

), down 2.3%.

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

3.

Franklin Resources

(

BEN

) is one of the companies pushing the Financial sector lower today. As of noon trading, Franklin Resources is down $0.49 (-1.2%) to $39.92 on light volume. Thus far, 856,213 shares of Franklin Resources exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $39.79-$40.63 after having opened the day at $40.31 as compared to the previous trading day's close of $40.41.

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Franklin Resources, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. Franklin Resources has a market cap of $25.1 billion and is part of the financial services industry. Shares are down 27.0% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst that rates Franklin Resources a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates

Franklin Resources

as a

hold

. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and a generally disappointing performance in the stock itself. Get the full

Franklin Resources Ratings Report

now.

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2. As of noon trading,

Goldman Sachs Group

(

GS

) is down $1.27 (-0.7%) to $191.50 on light volume. Thus far, 763,563 shares of Goldman Sachs Group exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $190.75-$193.38 after having opened the day at $192.59 as compared to the previous trading day's close of $192.77.

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The Goldman Sachs Group, Inc. operates as an investment banking, securities, and investment management company worldwide. The company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. Goldman Sachs Group has a market cap of $84.2 billion and is part of the financial services industry. Shares are down 0.6% year-to-date as of the close of trading on Thursday. Currently there are 5 analysts that rate Goldman Sachs Group a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates

Goldman Sachs Group

as a

buy

. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, increase in stock price during the past year, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full

Goldman Sachs Group Ratings Report

now.

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1. As of noon trading,

Citigroup

(

C

) is down $0.30 (-0.6%) to $53.16 on light volume. Thus far, 7.1 million shares of Citigroup exchanged hands as compared to its average daily volume of 18.9 million shares. The stock has ranged in price between $52.67-$53.44 after having opened the day at $53.17 as compared to the previous trading day's close of $53.46.

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Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. Citigroup has a market cap of $163.5 billion and is part of the banking industry. Shares are down 1.2% year-to-date as of the close of trading on Thursday. Currently there are 13 analysts that rate Citigroup a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates

Citigroup

as a

buy

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, attractive valuation levels, expanding profit margins, good cash flow from operations and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full

Citigroup 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

Financial Select Sector SPDR

(

XLF

) while those bearish on the financial sector could consider

Proshares Short Financials

(

SEF

).

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