5 Financial Stocks Dragging The Sector Down

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 31 points (0.2%) at 15,006 as of Tuesday, July 2, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,611 issues advancing vs. 1,325 declining with 103 unchanged.

The Financial sector currently sits up 0.4% versus the S&P 500, which is up 0.4%. On the negative front, top decliners within the sector include Royal Bank of Scotland Group (The ( RBS), down 3.4%, Lloyds Banking Group ( LYG), down 1.8%, Manulife Financial Corporation ( MFC), down 0.9% and Discover Financial Services ( DFS), down 1.0%. Top gainers within the sector include Orix Corporation ( IX), up 3.1%, HCP ( HCP), up 2.6%, Weyerhaeuser ( WY), up 1.7%, Host Hotels & Resorts ( HST), up 1.9% and Simon Property Group ( SPG), up 1.9%.

TheStreet would like to highlight 5 stocks pushing the sector lower today:

5. 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 $0.06 (-0.9%) to $6.27 on light volume. Thus far, 907,616 shares of Mitsubishi UFJ Financial Group exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $6.26-$6.38 after having opened the day at $6.37 as compared to the previous trading day's close of $6.33.

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 $87.9 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 14.6% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Mitsubishi UFJ Financial Group a buy, no analysts rate it a sell, and 1 rates 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 revenue growth, attractive valuation levels and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and feeble growth in the company's earnings per share. Get the full Mitsubishi UFJ Financial 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.

4. As of noon trading, Royal Bank Of Canada ( RY) is down $0.49 (-0.8%) to $57.93 on average volume. Thus far, 338,206 shares of Royal Bank Of Canada exchanged hands as compared to its average daily volume of 689,500 shares. The stock has ranged in price between $57.77-$58.16 after having opened the day at $58.00 as compared to the previous trading day's close of $58.42.

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 $84.2 billion and is part of the banking industry. The company has a P/E ratio of 11.0, below the S&P 500 P/E ratio of 17.7. Shares are down 3.3% year to date as of the close of trading on Monday. 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 increase in stock price during the past year. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. Get the full Royal Bank Of Canada 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.

3. As of noon trading, Credit Suisse Group ( CS) is down $0.23 (-0.8%) to $26.98 on light volume. Thus far, 373,027 shares of Credit Suisse Group exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $26.89-$27.15 after having opened the day at $26.89 as compared to the previous trading day's close of $27.21.

Credit Suisse Group AG, together with its subsidiaries, provides various financial services to private, corporate, institutional, and government clients, as well as high-net-worth individuals worldwide. Credit Suisse Group has a market cap of $35.6 billion and is part of the banking industry. The company has a P/E ratio of 9.5, below the S&P 500 P/E ratio of 17.7. Shares are up 7.7% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Credit Suisse Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Credit Suisse Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and attractive valuation levels. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Credit Suisse 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.

2. As of noon trading, UBS ( UBS) is down $0.24 (-1.4%) to $16.96 on light volume. Thus far, 607,121 shares of UBS exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $16.91-$17.11 after having opened the day at $16.93 as compared to the previous trading day's close of $17.20.

UBS AG, a financial services firm, provides wealth management, asset management, and investment banking products and services worldwide. Its Wealth Management division provides financial services to high net worth individuals worldwide. UBS has a market cap of $65.1 billion and is part of the banking industry. The company has a P/E ratio of 15.9, below the S&P 500 P/E ratio of 17.7. Shares are up 7.7% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates UBS a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates UBS as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, deteriorating net income, disappointing return on equity, disappointing return on equity and weak operating cash flow. Get the full UBS 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, Deutsche Bank ( DB) is down $0.55 (-1.3%) to $41.43 on light volume. Thus far, 540,660 shares of Deutsche Bank exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $41.20-$41.74 after having opened the day at $41.22 as compared to the previous trading day's close of $41.98.

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services. Deutsche Bank has a market cap of $42.8 billion and is part of the banking industry. The company has a P/E ratio of 131.2, above the S&P 500 P/E ratio of 17.7. Shares are down 5.3% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Deutsche Bank a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Deutsche Bank as a sell. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity. Get the full Deutsche 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.

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).

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