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 24 points (-0.2%) at 13,886 as of Thursday, Jan. 31, 2013, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,305 issues advancing vs. 1,515 declining with 144 unchanged.

The Financial Services industry currently sits down 0.1% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the industry include Discover Financial Services ( DFS), down 0.9%, Charles Schwab ( SCHW), down 0.7%, Morgan Stanley ( MS), down 0.7%, American Express ( AXP), down 0.5% and Capital One Financial ( COF), down 0.4%.

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

3. Invesco ( IVZ) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Invesco is down $1.51 (-5.3%) to $26.77 on heavy volume Thus far, 4.7 million shares of Invesco exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $26.75-$28.14 after having opened the day at $27.00 as compared to the previous trading day's close of $28.28.

Invesco Ltd. is a publicly owned investment manager. The firm primarily provides its services to individuals, typically high net worth individuals. It also manages accounts for institutions. The firm manages separate client focused equity, fixed income, balanced portfolios. Invesco has a market cap of $12.4 billion and is part of the financial sector. The company has a P/E ratio of 17.9, above the S&P 500 P/E ratio of 17.7. Shares are up 8.6% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate Invesco a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Invesco as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Invesco Ratings Report now.

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2. As of noon trading, Franklin Resources ( BEN) is down $0.63 (-0.5%) to $136.69 on light volume Thus far, 220,383 shares of Franklin Resources exchanged hands as compared to its average daily volume of 696,900 shares. The stock has ranged in price between $136.36-$137.49 after having opened the day at $137.08 as compared to the previous trading day's close of $137.32.

Franklin Resources Inc. is a publicly owned asset management holding company. The firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It manages, through its subsidiary, separate client-focused equity, fixed income, and balanced portfolios. Franklin Resources has a market cap of $28.9 billion and is part of the financial sector. The company has a P/E ratio of 15.4, below the S&P 500 P/E ratio of 17.7. Shares are up 9.7% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Franklin Resources a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Franklin Resources as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, expanding profit margins, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Franklin Resources Ratings Report now.

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1. As of noon trading, Bank of New York Mellon ( BK) is down $0.11 (-0.4%) to $27.20 on light volume Thus far, 1.4 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 6.9 million shares. The stock has ranged in price between $27.10-$27.31 after having opened the day at $27.20 as compared to the previous trading day's close of $27.31.

The Bank of New York Mellon Corporation, a financial services company, provides various products and services worldwide. The company offers a range of equity, fixed income, cash, and alternative/overlay products, as well as distributes investment management products. Bank of New York Mellon has a market cap of $31.7 billion and is part of the financial sector. The company has a P/E ratio of 13.4, below the S&P 500 P/E ratio of 17.7. Shares are up 6.1% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Bank of New York Mellon a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Bank of New York Mellon as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Bank of New York Mellon 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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