FITB, AON And BBT, 3 Financial Stocks Pushing The Sector Lower
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 19 points (-0.1%) at 17,641 as of Friday, May 6, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,494 issues advancing vs. 1,386 declining with 173 unchanged.
The Financial sector currently is unchanged today versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include
(
), down 7.2%,
(
), down 6.9%,
(
), down 6.6%,
(
), down 6.2% and
(
), down 4.8%. Top gainers within the sector include
(
), up 2.4%,
(
), up 1.8%,
(
), up 1.5%,
(
), up 1.4% and
(
), up 1.4%.
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, Fifth Third Bancorp is down $0.15 (-0.9%) to $17.34 on average volume. Thus far, 3.1 million shares of Fifth Third Bancorp exchanged hands as compared to its average daily volume of 8.0 million shares. The stock has ranged in price between $17.22-$17.47 after having opened the day at $17.26 as compared to the previous trading day's close of $17.49.
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Fifth Third Bancorp operates as a diversified financial services company in the United States. It operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third Bancorp has a market cap of $13.7 billion and is part of the banking industry. Shares are down 13.0% year-to-date as of the close of trading on Thursday. Currently there are 7 analysts that rate Fifth Third Bancorp a buy, no analysts rate it a sell, and 18 rate it a hold.
TheStreet Ratings rates
Fifth Third Bancorp
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, 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
Fifth Third Bancorp Ratings Report
now.
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2. As of noon trading,
(
) is down $0.78 (-0.7%) to $104.62 on light volume. Thus far, 316,688 shares of Aon exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $104.30-$105.34 after having opened the day at $104.94 as compared to the previous trading day's close of $105.41.
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Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company operates through two segments, Risk Solutions and HR Solutions. Aon has a market cap of $28.1 billion and is part of the insurance industry. Shares are up 14.3% year-to-date as of the close of trading on Thursday. Currently there are 5 analysts that rate Aon a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Aon
as a
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, notable return on equity, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full
now.
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1. As of noon trading,
(
) is down $0.26 (-0.8%) to $33.74 on light volume. Thus far, 1.3 million shares of BB&T exchanged hands as compared to its average daily volume of 5.3 million shares. The stock has ranged in price between $33.66-$34.06 after having opened the day at $33.69 as compared to the previous trading day's close of $34.00.
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BB&T Corporation operates as a financial holding company that provides various banking and trust services for retail and commercial clients. BB&T has a market cap of $26.7 billion and is part of the banking industry. Shares are down 10.1% year-to-date as of the close of trading on Thursday. Currently there are 9 analysts that rate BB&T a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates
BB&T
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, expanding profit margins and attractive valuation levels. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. 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
(
).
