4 Stocks Pushing The Financial Sector Downward

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 72 points (0.5%) at 14,749 as of Thursday, April 25, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,049 issues advancing vs. 833 declining with 158 unchanged.

The Financial sector currently sits up 0.4% versus the S&P 500, which is up 0.7%. On the negative front, top decliners within the sector include Banco Santander ( SAN), down 1.77, and Orix Corporation ( IX), down 0.58. Top gainers within the sector include CoreLogic ( CLGX), up 12.2%, American Tower ( AMT), up 3.9%, Lloyds Banking Group ( LYG), up 3.6%, Royal Bank of Scotland Group (The ( RBS), up 2.8% and Nomura Holdings ( NMR), up 2.6%.

TheStreet Ratings group would like to highlight 4 stocks pushing the sector lower today:

4. Raymond James Financial ( RJF) is one of the companies pushing the Financial sector lower today. As of noon trading, Raymond James Financial is down $3.11 (-7.0%) to $41.53 on heavy volume Thus far, 2.6 million shares of Raymond James Financial exchanged hands as compared to its average daily volume of 706,700 shares. The stock has ranged in price between $40.11-$42.74 after having opened the day at $41.00 as compared to the previous trading day's close of $44.64.

Raymond James Financial, Inc., through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities in the United States, Canada, and Europe. Raymond James Financial has a market cap of $6.2 billion and is part of the financial services industry. The company has a P/E ratio of 19.6, above the S&P 500 P/E ratio of 17.7. Shares are up 15.9% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Raymond James Financial as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, solid stock price performance, compelling growth in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Raymond James Financial Ratings Report now.

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