BSAC, HDB And AIG, Pushing 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 127 points (0.8%) at 15,307 as of Tuesday, June 18, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 2,604 issues advancing vs. 474 declining with 57 unchanged.

The Financial sector currently sits up 0.4% versus the S&P 500, which is up 0.6%. A company within the sector that fell today was Banco De Chile ( BCH), up 1.00. Top gainers within the sector include Nomura Holdings ( NMR), up 4.4%, Orix Corporation ( IX), up 3.0%, ING Groep N.V ( ING), up 2.4%, IntercontinentalExchange ( ICE), up 2.3% and Franklin Resources ( BEN), up 2.1%.

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

3. Banco Santander Chile ( BSAC) is one of the companies pushing the Financial sector lower today. As of noon trading, Banco Santander Chile is down $0.33 (-1.4%) to $23.73 on light volume Thus far, 35,881 shares of Banco Santander Chile exchanged hands as compared to its average daily volume of 383,100 shares. The stock has ranged in price between $23.71-$23.96 after having opened the day at $23.94 as compared to the previous trading day's close of $24.06.

Banco Santander-Chile provides commercial and retail banking services in Chile. It operates through two segments, Commercial Banking, and Global Banking and Markets. Banco Santander Chile has a market cap of $11.3 billion and is part of the banking industry. The company has a P/E ratio of 0.0, below the S&P 500 P/E ratio of 17.7. Shares are down 15.5% year to date as of the close of trading on Monday. Currently there are no analysts that rate Banco Santander Chile a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Banco Santander Chile as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and deteriorating net income. Get the full Banco Santander Chile Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, HDFC Bank ( HDB) is down $0.90 (-2.4%) to $36.69 on light volume Thus far, 218,826 shares of HDFC Bank exchanged hands as compared to its average daily volume of 657,100 shares. The stock has ranged in price between $36.68-$37.38 after having opened the day at $37.38 as compared to the previous trading day's close of $37.59.

HDFC Bank Limited, together with its subsidiaries, provides a range of financial products and services to individuals and businesses in India, as well as in Bahrain and Hong Kong. The company operates in four segments: Retail Banking, Wholesale Banking, Treasury, and Other Banking Operations. HDFC Bank has a market cap of $29.8 billion and is part of the banking industry. The company has a P/E ratio of 30.8, above the S&P 500 P/E ratio of 17.7. Shares are down 7.7% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate 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 revenue growth, notable return on equity, expanding profit margins, increase in stock price during the past year and growth in earnings per share. 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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, American International Group ( AIG) is down $0.22 (-0.5%) to $44.92 on average volume Thus far, 8.2 million shares of American International Group exchanged hands as compared to its average daily volume of 16.7 million shares. The stock has ranged in price between $44.38-$45.00 after having opened the day at $44.57 as compared to the previous trading day's close of $45.15.

American International Group, Inc. engages in the provision of insurance products and services for the commercial, institutional, and individual customers in the United States and internationally. The company operates in three segments: Chartis, SunAmerica Financial Group, and Aircraft Leasing. American International Group has a market cap of $67.0 billion and is part of the insurance industry. The company has a P/E ratio of 10.2, below the S&P 500 P/E ratio of 17.7. Shares are up 27.9% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate American International Group a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates American International Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, poor profit margins and feeble growth in the company's earnings per share. Get the full American International Group Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you are interested in one of these 5 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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