4 Stocks Dragging The Financial Sector Downward

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 44 points (0.3%) at 15,539 as of Tuesday, Sept. 17, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,783 issues advancing vs. 1,120 declining with 134 unchanged.

The Financial sector currently sits up 0.2% versus the S&P 500, which is up 0.3%. Top gainers within the sector include Allstate ( ALL), up 1.2%, BB&T ( BBT), up 1.1%, Aon plc ( AON), up 1.1%, Shinhan Financial Group ( SHG), up 1.0% and Toronto-Dominion Bank ( TD), up 0.9%.

TheStreet would like to highlight 4 stocks pushing the sector lower today:

4. Lloyds Banking Group ( LYG) is one of the companies pushing the Financial sector lower today. As of noon trading, Lloyds Banking Group is down $0.16 (-3.3%) to $4.78 on heavy volume. Thus far, 5.1 million shares of Lloyds Banking Group exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $4.75-$4.79 after having opened the day at $4.77 as compared to the previous trading day's close of $4.94.

Lloyds Banking Group plc provides banking and financial services to personal, commercial, and corporate customers in the United Kingdom and internationally. The company operates in four divisions: Retail; Commercial Banking; Wealth, Asset Finance, and International; and Insurance. Lloyds Banking Group has a market cap of $87.1 billion and is part of the banking industry. Shares are up 52.5% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Lloyds Banking Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Lloyds Banking Group as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, expanding profit margins and notable return on equity. However, as a counter to these strengths, we find that the company's revenue growth has not been good. Get the full Lloyds Banking Group Ratings Report now.

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