Credit Suisse Group (CS): Today's Featured Financial Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Credit Suisse Group ( CS) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day up 0.1%. By the end of trading, Credit Suisse Group fell 33 cents (-1.4%) to $22.62 on average volume. Throughout the day, 3.6 million shares of Credit Suisse Group exchanged hands as compared to its average daily volume of 2.5 million shares. The stock ranged in price between $22.60-$22.95 after having opened the day at $22.79 as compared to the previous trading day's close of $22.95. Other companies within the Financial sector that declined today were: Nationstar Mortgage Holdings ( NSM), down 9.6%, Carver Bancorp ( CARV), down 9.3%, Carolina Trust Bank ( CART), down 9.3%, and Heckmann ( HEK), down 9.1%.
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Credit Suisse Group AG, together with its subsidiaries, operates as a financial services company. The company operates in three segments: Private Banking, Investment Banking, and Asset Management. Credit Suisse Group has a market cap of $30.24 billion and is part of the banking industry. The company has a P/E ratio of 9.5, below the average banking industry P/E ratio of 57.5 and below the S&P 500 P/E ratio of 17.7. Shares are up 0.4% year to date as of the close of trading on Tuesday. Currently there are two analysts that rate Credit Suisse Group a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Credit Suisse Group as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, deteriorating net income, disappointing return on equity and feeble growth in its earnings per share.

On the positive front, Altisource Portfolio Solutions ( ASPS), up 13.3%, Rurban Financial ( RBNF), up 11.2%, Millennium India Acquisition Corporation ( SMCG), up 11.1%, and Maui Land & Pineapple Company ( MLP), up 10.6%, were all gainers within the financial sector with Invesco Mortgage Capital ( IVR) being today's featured financial sector leader.

For investors not wanting singular stock exposure, 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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