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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 25 points (-0.2%) at 14,513 as of Friday, March 15, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,309 issues advancing vs. 1,578 declining with 140 unchanged.

The Financial sector currently sits up 0.1% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include BB&T ( BBT), down 2.6%, Nomura Holdings ( NMR), down 1.6% and ING Groep N.V ( ING), down 0.8%. Top gainers within the sector include Morgan Stanley ( MS), up 2.7%, Credit Suisse Group ( CS), up 1.4%, UBS ( UBS), up 1.5%, Capital One Financial ( COF), up 1.2% and Goldman Sachs Group ( GS), up 0.8%.

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

3. Mitsubishi UFJ Financial Group ( MTU) is one of the companies pushing the Financial sector lower today. As of noon trading, Mitsubishi UFJ Financial Group is down $0.10 (-1.6%) to $6.00 on light volume Thus far, 340,192 shares of Mitsubishi UFJ Financial Group exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $5.97-$6.02 after having opened the day at $6.01 as compared to the previous trading day's close of $6.10.

Mitsubishi UFJ Financial Group, Inc., through its subsidiaries, provides financial services to individual and corporate customers in Japan and internationally. Mitsubishi UFJ Financial Group has a market cap of $85.6 billion and is part of the banking industry. The company has a P/E ratio of 30.6, above the S&P 500 P/E ratio of 17.7. Shares are up 12.5% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Mitsubishi UFJ Financial Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Mitsubishi UFJ Financial Group as a hold. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, increase in net income and expanding profit margins. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Mitsubishi UFJ Financial Group Ratings Report now.

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2. As of noon trading, HDFC Bank ( HDB) is down $0.65 (-1.7%) to $38.47 on light volume Thus far, 179,095 shares of HDFC Bank exchanged hands as compared to its average daily volume of 790,100 shares. The stock has ranged in price between $38.36-$38.71 after having opened the day at $38.39 as compared to the previous trading day's close of $39.12.

HDFC Bank Limited, together with its subsidiaries, provides retail banking, wholesale banking, treasury, and other financial services to individual and business customers in India. HDFC Bank has a market cap of $30.4 billion and is part of the banking industry. The company has a P/E ratio of 31.6, above the S&P 500 P/E ratio of 17.7. Shares are down 3.9% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates HDFC Bank a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates HDFC Bank as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, growth in earnings per share, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full HDFC Bank Ratings Report now.

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1. As of noon trading, JPMorgan Chase ( JPM) is down $0.86 (-1.7%) to $50.14 on heavy volume Thus far, 39.1 million shares of JPMorgan Chase exchanged hands as compared to its average daily volume of 23.9 million shares. The stock has ranged in price between $49.15-$50.19 after having opened the day at $49.97 as compared to the previous trading day's close of $51.00.

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. JPMorgan Chase has a market cap of $192.0 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 16.0% year to date as of the close of trading on Thursday. Currently there are 21 analysts that rate JPMorgan Chase a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates JPMorgan Chase as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, increase in net income and attractive valuation levels. 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 JPMorgan Chase Ratings Report now.

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If you are interested in one of these 4 stocks, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector 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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