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

Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 32 points (0.2%) at 14,286 as of Wednesday, March 6, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,509 issues advancing vs. 1,334 declining with 158 unchanged.

The Financial sector currently sits up 0.1% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the sector include Lloyds Banking Group ( LYG), down 1.9%, Banco Santander ( SAN), down 1.3%, Royal Bank of Scotland Group (The ( RBS), down 1.6%, Vornado Realty ( VNO), down 1.1% and Morgan Stanley ( MS), down 0.8%. Top gainers within the sector include Regions Financial Corporation ( RF), up 3.2%, Bank of America Corporation ( BAC), up 2.5%, Aegon ( AEG), up 2.5%, ING Groep N.V ( ING), up 2.0% and KeyCorp ( KEY), up 2.0%.

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

3. Royal Bank Of Canada ( RY) is one of the companies pushing the Financial sector lower today. As of noon trading, Royal Bank Of Canada is down $0.45 (-0.7%) to $61.60 on light volume Thus far, 168,682 shares of Royal Bank Of Canada exchanged hands as compared to its average daily volume of 490,300 shares. The stock has ranged in price between $61.50-$62.38 after having opened the day at $62.27 as compared to the previous trading day's close of $62.05.

Royal Bank of Canada provides personal and commercial banking, wealth management, insurance, investor and treasury, and capital markets services worldwide. Royal Bank Of Canada has a market cap of $89.6 billion and is part of the banking industry. The company has a P/E ratio of 12.1, below the S&P 500 P/E ratio of 17.7. Shares are up 2.9% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Royal Bank Of Canada a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Royal Bank Of Canada as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and solid stock price performance. 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 Royal Bank Of Canada Ratings Report now.

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