SCHW, MET, AXP, MS And GS, Pushing Financial Sector Downward

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 41 points (-0.3%) at 14,800 as of Friday, Aug. 30, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 850 issues advancing vs. 2,040 declining with 117 unchanged.

The Financial sector currently sits down 0.6% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include ING Groep N.V ( ING), down 2.6%, Mitsubishi UFJ Financial Group ( MTU), down 1.9%, Nomura Holdings ( NMR), down 1.8%, Aegon ( AEG), down 1.7% and TD Ameritrade Holding Corporation ( AMTD), down 1.6%. Top gainers within the sector include Corpbanca ( BCA), up 5.1%, HDFC Bank ( HDB), up 3.8%, Banco Santander Chile ( BSAC), up 2.3%, Toronto-Dominion Bank ( TD), up 1.1% and Brookfield Asset Management ( BAM), up 1.1%.

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

5. Charles Schwab ( SCHW) is one of the companies pushing the Financial sector lower today. As of noon trading, Charles Schwab is down $0.40 (-1.9%) to $20.89 on light volume. Thus far, 2.8 million shares of Charles Schwab exchanged hands as compared to its average daily volume of 9.5 million shares. The stock has ranged in price between $20.82-$21.33 after having opened the day at $21.28 as compared to the previous trading day's close of $21.29.

The Charles Schwab Corporation, through its subsidiaries, provides securities brokerage, banking, money management, and financial advisory services to individuals and institutional clients. The company operates through two segments, Investor Services and Institutional Services. Charles Schwab has a market cap of $26.9 billion and is part of the financial services industry. Shares are up 46.0% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Charles Schwab a buy, 4 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Charles Schwab as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Charles Schwab 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 liked this article you might like

Massachusetts Opens Inquiry Into 7 Brokerage Firms

Charles Schwab, SAP, Nike, General Electric: 'Mad Money' Lightning Round

Old Dogs Are Learning New Tricks: Cramer's 'Mad Money' Recap (Wednesday 7/26/17)

Goldman Sachs' Culture of Secrecy Draws New Skepticism After Trading Gaffe