3 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

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 15 points (-0.1%) at 14,074 as of Monday, March 4, 2013, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,220 issues advancing vs. 1,591 declining with 184 unchanged.

The Financial sector currently sits up 0.2% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Credit Suisse Group ( CS), down 2.9%, Royal Bank of Scotland Group (The ( RBS), down 1.8%, UBS ( UBS), down 2.0%, Deutsche Bank ( DB), down 1.3% and ING Groep N.V ( ING), down 1.2%. Top gainers within the sector include Orix Corporation ( IX), up 5.0%, Charles Schwab ( SCHW), up 1.5%, Mitsubishi UFJ Financial Group ( MTU), up 0.7%, Citigroup ( C), up 0.6% and Bank of New York Mellon ( BK), up 0.7%.

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

3. Lloyds Banking Group ( LYG) is one of the companies pushing the Financial sector lower today. As of noon trading, Lloyds Banking Group is down $0.07 (-2.4%) to $3.09 on heavy volume Thus far, 2.0 million shares of Lloyds Banking Group exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $3.07-$3.11 after having opened the day at $3.09 as compared to the previous trading day's close of $3.16.

Lloyds Banking Group plc provides banking and financial services to personal and corporate customers primarily in the United Kingdom. The company's Retail division provides banking, mortgages, and other financial services to personal customers. Lloyds Banking Group has a market cap of $56.8 billion and is part of the banking industry. The company has a P/E ratio of 11.9, below the S&P 500 P/E ratio of 17.7. Shares are up 3.1% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Lloyds Banking Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Lloyds Banking Group as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. Get the full Lloyds Banking Group Ratings Report now.

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