3 Stocks Pushing The Financial Services Industry 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 28 points (-0.2%) at 13,217 as of Thursday, Dec. 13, 2012, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,125 issues advancing vs. 1,742 declining with 157 unchanged.

The Financial Services industry currently sits down 0.2% versus the S&P 500, which is down 0.3%. A company within the industry that increased today was Nomura Holdings ( NMR), up 1.6%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry lower today:

3. Blackstone Group ( BX) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Blackstone Group is down $0.22 (-1.5%) to $14.80 on light volume Thus far, 446,017 shares of Blackstone Group exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $14.79-$15.08 after having opened the day at $15.08 as compared to the previous trading day's close of $15.02.

The Blackstone Group L.P., together with its subsidiaries, provides alternative asset management and financial advisory services worldwide. It operates in five segments: Private Equity, Real Estate, Hedge Fund Solutions, Credit Businesses, and Financial Advisory. Blackstone Group has a market cap of $7.9 billion and is part of the financial sector. The company has a P/E ratio of 88.3, above the S&P 500 P/E ratio of 17.7. Shares are up 7.2% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Blackstone Group a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Blackstone Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including relatively poor performance when compared with the S&P 500 during the past year and weak operating cash flow. Get the full Blackstone Group Ratings Report now.

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2. As of noon trading, Ameriprise Financial ( AMP) is down $0.33 (-0.5%) to $61.57 on light volume Thus far, 278,922 shares of Ameriprise Financial exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $61.44-$61.89 after having opened the day at $61.78 as compared to the previous trading day's close of $61.90.

Ameriprise Financial Inc., through its subsidiaries, provides a range of financial products and services in the United States and internationally. Ameriprise Financial has a market cap of $12.7 billion and is part of the financial sector. The company has a P/E ratio of 16.9, below the S&P 500 P/E ratio of 17.7. Shares are up 23.9% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Ameriprise Financial a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Ameriprise Financial as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Ameriprise Financial Ratings Report now.

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1. As of noon trading, Discover Financial Services ( DFS) is down $0.58 (-1.4%) to $40.42 on light volume Thus far, 938,206 shares of Discover Financial Services exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $40.27-$41.00 after having opened the day at $41.00 as compared to the previous trading day's close of $41.00.

Discover Financial Services, a bank holding company, offers direct banking and payment services in the United States. It operates in two segments, Direct Banking and Payment Services. Discover Financial Services has a market cap of $20.4 billion and is part of the financial sector. The company has a P/E ratio of 9.3, below the S&P 500 P/E ratio of 17.7. Shares are up 68.2% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Discover Financial Services a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Discover Financial Services as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, growth in earnings per share, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Discover Financial Services Ratings Report now.

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If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the financial services industry could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial services industry could consider Proshares Short Financials ( SEF).

A reminder about TheStreet Ratings group: 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.
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