5 Financial Stocks Dragging The Sector Down
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 31 points (0.2%) at 15,006 as of Tuesday, July 2, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,611 issues advancing vs. 1,325 declining with 103 unchanged.
The Financial sector currently sits up 0.4% versus the S&P 500, which is up 0.4%. On the negative front, top decliners within the sector include
Royal Bank of Scotland Group (The
(
), down 3.4%,
(
), down 1.8%,
Manulife Financial Corporation
(
), down 0.9% and
(
), down 1.0%. Top gainers within the sector include
(
), up 3.1%,
(
), up 2.6%,
(
), up 1.7%,
(
), up 1.9% and
(
), up 1.9%.
TheStreet would like to highlight 5 stocks pushing the sector lower today:
5.
Mitsubishi UFJ Financial Group
(
) is one of the companies pushing the Financial sector lower today. As of noon trading, Mitsubishi UFJ Financial Group is down $0.06 (-0.9%) to $6.27 on light volume. Thus far, 907,616 shares of Mitsubishi UFJ Financial Group exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $6.26-$6.38 after having opened the day at $6.37 as compared to the previous trading day's close of $6.33.
Mitsubishi UFJ Financial Group, Inc., through its subsidiaries, provides financial services to individual and corporate customers in Japan and internationally. Mitsubishi UFJ Financial Group has a market cap of $87.9 billion and is part of the banking industry. The company has a P/E ratio of 30.6, above the S&P 500 P/E ratio of 17.7. Shares are up 14.6% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Mitsubishi UFJ Financial Group a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Mitsubishi UFJ Financial Group
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and feeble growth in the company's earnings per share. Get the full
Mitsubishi UFJ Financial Group Ratings Report
now.
4. As of noon trading,
(
) is down $0.49 (-0.8%) to $57.93 on average volume. Thus far, 338,206 shares of Royal Bank Of Canada exchanged hands as compared to its average daily volume of 689,500 shares. The stock has ranged in price between $57.77-$58.16 after having opened the day at $58.00 as compared to the previous trading day's close of $58.42.
Royal Bank of Canada provides personal and commercial banking, wealth management, insurance, investor and treasury, and capital markets services worldwide. Royal Bank Of Canada has a market cap of $84.2 billion and is part of the banking industry. The company has a P/E ratio of 11.0, below the S&P 500 P/E ratio of 17.7. Shares are down 3.3% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate Royal Bank Of Canada a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Royal Bank Of Canada
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and increase in stock price during the past year. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. Get the full
Royal Bank Of Canada Ratings Report
now.
3. As of noon trading,
(
) is down $0.23 (-0.8%) to $26.98 on light volume. Thus far, 373,027 shares of Credit Suisse Group exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $26.89-$27.15 after having opened the day at $26.89 as compared to the previous trading day's close of $27.21.
Credit Suisse Group AG, together with its subsidiaries, provides various financial services to private, corporate, institutional, and government clients, as well as high-net-worth individuals worldwide. Credit Suisse Group has a market cap of $35.6 billion and is part of the banking industry. The company has a P/E ratio of 9.5, below the S&P 500 P/E ratio of 17.7. Shares are up 7.7% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Credit Suisse Group a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
Credit Suisse Group
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and attractive valuation levels. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full
Credit Suisse Group Ratings Report
now.
2. As of noon trading,
(
) is down $0.24 (-1.4%) to $16.96 on light volume. Thus far, 607,121 shares of UBS exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $16.91-$17.11 after having opened the day at $16.93 as compared to the previous trading day's close of $17.20.
UBS AG, a financial services firm, provides wealth management, asset management, and investment banking products and services worldwide. Its Wealth Management division provides financial services to high net worth individuals worldwide. UBS has a market cap of $65.1 billion and is part of the banking industry. The company has a P/E ratio of 15.9, below the S&P 500 P/E ratio of 17.7. Shares are up 7.7% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates UBS a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
UBS
as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, deteriorating net income, disappointing return on equity, disappointing return on equity and weak operating cash flow. Get the full
now.
1. As of noon trading,
(
) is down $0.55 (-1.3%) to $41.43 on light volume. Thus far, 540,660 shares of Deutsche Bank exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $41.20-$41.74 after having opened the day at $41.22 as compared to the previous trading day's close of $41.98.
Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services. Deutsche Bank has a market cap of $42.8 billion and is part of the banking industry. The company has a P/E ratio of 131.2, above the S&P 500 P/E ratio of 17.7. Shares are down 5.3% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Deutsche Bank a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Deutsche Bank
as a
. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity. Get the full
now.
If you are interested in one of these 5 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
(
).
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