3 Financial Services Stocks Dragging The Industry Down

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One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 93 points (0.6%) at 15,285 as of Wednesday, Sept. 11, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,438 issues advancing vs. 1,461 declining with 119 unchanged.

The Financial Services industry currently sits down 0.1% versus the S&P 500, which is up 0.1%.

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

3. Nomura Holdings ( NMR) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Nomura Holdings is down $0.07 (-0.9%) to $7.75 on light volume. Thus far, 105,023 shares of Nomura Holdings exchanged hands as compared to its average daily volume of 791,500 shares. The stock has ranged in price between $7.68-$7.76 after having opened the day at $7.69 as compared to the previous trading day's close of $7.82.

Nomura Holdings, Inc. provides various financial services to individuals, corporations, financial institutions, governments, and governmental agencies worldwide. The company operates through three divisions: Retail, Asset Management, and Wholesale. Nomura Holdings has a market cap of $28.4 billion and is part of the financial sector. Shares are up 33.2% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Nomura Holdings a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Nomura Holdings as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that revenues have generally been declining. Get the full Nomura Holdings Ratings Report now.

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