3 Stocks Pushing The Financial Services Industry Downward

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 15,467 as of Wednesday, July 17, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,986 issues advancing vs. 913 declining with 127 unchanged.

The Financial Services industry currently sits up 0.3% versus the S&P 500, which is up 0.3%. A company within the industry that fell today was Orix Corporation ( IX), up 1.1%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. Northern Trust Corporation ( NTRS) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Northern Trust Corporation is down $0.91 (-1.5%) to $59.84 on heavy volume. Thus far, 1.4 million shares of Northern Trust Corporation exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $58.52-$59.99 after having opened the day at $59.38 as compared to the previous trading day's close of $60.75.

Northern Trust Corporation, through its subsidiaries, provides asset servicing, fund administration, asset management, fiduciary, and banking solutions worldwide. Northern Trust Corporation has a market cap of $14.8 billion and is part of the financial sector. Shares are up 23.1% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Northern Trust Corporation a buy, 2 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Northern Trust Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, expanding profit margins, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Northern Trust Corporation Ratings Report now.

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