5 Stocks Pushing The Financial Sector Lower

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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 52 points (0.4%) at 12,867 as of Tuesday, Nov. 13, 2012, 11:54 AM ET. The NYSE advances/declines ratio sits at 1,426 issues advancing vs. 1,481 declining with 120 unchanged.

The Financial sector currently sits down 0.1% versus the S&P 500, which is up 0.5%. On the negative front, top decliners within the sector include National Bank of Greece ( NBG), down 7.3%, LPL Financial Holdings ( LPLA), down 5.0%, Annaly Capital Management ( NLY), down 5.1% and American International Group ( AIG), down 0.6%. Top gainers within the sector include Lloyds Banking Group ( LYG), up 3.0%, Banco Santander ( SAN), up 3.0%, Deutsche Bank ( DB), up 1.5%, Ameriprise Financial ( AMP), up 1.4% and T. Rowe Price Group ( TROW), up 1.4%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:

5. Canadian Imperial Bank of Commerce ( CM) is one of the companies pushing the Financial sector lower today. As of noon trading, Canadian Imperial Bank of Commerce is down $0.62 (-0.8%) to $77.90 on light volume Thus far, 47,125 shares of Canadian Imperial Bank of Commerce exchanged hands as compared to its average daily volume of 129,700 shares. The stock has ranged in price between $77.79-$78.15 after having opened the day at $77.79 as compared to the previous trading day's close of $78.52.

Canadian Imperial Bank of Commerce provides various financial products and services to individual, small business, commercial, corporate, and institutional clients in Canada and internationally. Canadian Imperial Bank of Commerce has a market cap of $31.7 billion and is part of the banking industry. The company has a P/E ratio of 9.6, below the S&P 500 P/E ratio of 17.7. Shares are up 8.5% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Canadian Imperial Bank of Commerce a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Canadian Imperial Bank of Commerce as a hold. 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 we feel that the company's cash flow from its operations has been weak overall. Get the full Canadian Imperial Bank of Commerce Ratings Report now.

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