The financial services industry closed the day down 2%. Palmetto Bancshares Inc ( PLMT), Millennium India Acquisition Company Incor ( SMCG), ProShares Ultra KBW Regional Banking ( KRU), and MF Global Holdings ( MF) were all decliners today within the financial services industry with CapitalSource Inc ( CSE) being today's featured financial services loser. CapitalSource Inc fell 39 cents (-6.2%) to $5.92 on light volume. Throughout the day, 3.2 million shares of CapitalSource Inc exchanged hands as compared to its average daily volume of 4.4 million shares. Operates as a specialized finance company that provides loans to small and medium-sized businesses. The company also selectively makes equity investments, engages in asset management and servicing activities, and invests in residential mortgage assets. It intends to qualify as a REIT in 2006. CapitalSource Inc has a market cap of $2 billion and is part of the financial sector. The company has a P/E ratio of 19.2, equal to the average financial services industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 11.1% year to date as of the close of trading on Thursday. TheStreet Ratings rates CapitalSource as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and weak operating cash flow.
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