3 Stocks Pushing The Financial Sector Downward
One out of the three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading down 14 points (-0.1%) at 16,898 as of Thursday, Oct. 8, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,961 issues advancing vs. 1,038 declining with 137 unchanged.
The Financial sector currently sits up 0.3% versus the S&P 500, which is up 0.8%. On the negative front, top decliners within the sector include
(
), down 3.3%,
(
), down 2.5%,
(
), down 1.9%,
(
), down 1.5% and
(
), down 1.1%. Top gainers within the sector include
(
), up 8.6%,
(
), up 7.9%,
Banco Santander Brasil SA/Brazil
(
), up 2.3%,
(
), up 1.9% and
Alexandria Real Estate Equities
(
), up 2.0%.
TheStreet would like to highlight 3 stocks pushing the sector lower today:
3.
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 $0.04 (-0.6%) to $6.41 on light volume. Thus far, 350,341 shares of Mitsubishi UFJ Financial Group exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $6.40-$6.45 after having opened the day at $6.43 as compared to the previous trading day's close of $6.45.
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Mitsubishi UFJ Financial Group, Inc., through its subsidiaries, provides financial services in Japan and internationally. Mitsubishi UFJ Financial Group has a market cap of $88.6 billion and is part of the banking industry. Shares are up 16.6% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Mitsubishi UFJ Financial Group a buy, no analysts rate it a sell, and none rate 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 attractive valuation levels, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full
Mitsubishi UFJ Financial Group Ratings Report
now.
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2. As of noon trading,
(
) is down $0.28 (-1.9%) to $14.54 on average volume. Thus far, 1.5 million shares of ING Groep N.V exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $14.41-$14.57 after having opened the day at $14.50 as compared to the previous trading day's close of $14.82.
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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 N.V has a market cap of $57.1 billion and is part of the banking industry. The company has a P/E ratio of 10.1, below the S&P 500 P/E ratio of 24.9. Shares are up 14.3% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts that rate ING Groep N.V a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates
ING Groep N.V
as a
. The area that we feel has been the company's primary weakness has been its decline in the stock price during the past year. Get the full
now.
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1. As of noon trading,
(
) is down $0.56 (-1.9%) to $28.23 on heavy volume. Thus far, 2.6 million shares of Deutsche Bank exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $28.07-$28.57 after having opened the day at $28.46 as compared to the previous trading day's close of $28.79.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
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 $39.2 billion and is part of the banking industry. The company has a P/E ratio of 31.6, above the S&P 500 P/E ratio of 24.9. Shares are down 4.1% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Deutsche Bank a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Deutsche Bank
as a
. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and weak operating cash flow. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
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
(
).
