BSAC, SLF, CM, BMO And RY, 5 Financial Stocks Pushing The Sector Lower

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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 92 points (0.6%) at 15,993 as of Thursday, Nov. 21, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 2,118 issues advancing vs. 784 declining with 108 unchanged.

The Financial sector currently sits up 0.5% versus the S&P 500, which is up 0.6%. On the negative front, top decliners within the sector include HDFC Bank ( HDB), down 2.0%, and Shinhan Financial Group ( SHG), down 1.3%. Top gainers within the sector include Aegon ( AEG), up 2.9%, Nomura Holdings ( NMR), up 2.6%, Royal Bank of Scotland Group (The ( RBS), up 1.9%, CME Group ( CME), up 1.8% and Morgan Stanley ( MS), up 1.8%.

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

5. Banco Santander Chile ( BSAC) is one of the companies pushing the Financial sector lower today. As of noon trading, Banco Santander Chile is down $0.44 (-1.9%) to $22.50 on light volume. Thus far, 65,657 shares of Banco Santander Chile exchanged hands as compared to its average daily volume of 347,600 shares. The stock has ranged in price between $22.49-$23.09 after having opened the day at $22.79 as compared to the previous trading day's close of $22.94.

Banco Santander-Chile provides commercial and retail banking services in Chile. It operates through two segments, Commercial Banking, and Global Banking and Markets. Banco Santander Chile has a market cap of $10.9 billion and is part of the banking industry. The company has a P/E ratio of 0.0, below the S&P 500 P/E ratio of 17.7. Shares are down 18.7% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Banco Santander Chile a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Banco Santander Chile as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity. Get the full Banco Santander Chile 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, Sun Life Financial ( SLF) is down $0.23 (-0.6%) to $35.67 on heavy volume. Thus far, 482,321 shares of Sun Life Financial exchanged hands as compared to its average daily volume of 327,600 shares. The stock has ranged in price between $35.61-$35.86 after having opened the day at $35.80 as compared to the previous trading day's close of $35.90.

Sun Life Financial Inc., an international financial services organization, provides a range of protection and wealth accumulation products and services to individuals and corporate customers. Sun Life Financial has a market cap of $21.8 billion and is part of the insurance 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 35.0% year to date as of the close of trading on Wednesday. Currently there are no analysts that rate Sun Life Financial a buy, 2 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Sun Life Financial as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Sun Life Financial 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, Canadian Imperial Bank of Commerce ( CM) is down $0.50 (-0.6%) to $86.72 on light volume. Thus far, 49,337 shares of Canadian Imperial Bank of Commerce exchanged hands as compared to its average daily volume of 184,200 shares. The stock has ranged in price between $86.61-$86.97 after having opened the day at $86.88 as compared to the previous trading day's close of $87.22.

Canadian Imperial Bank of Commerce provides various financial products and services in Canada and internationally. It operates through three segments: Retail and Business Banking, Wealth Management, and Wholesale Banking. Canadian Imperial Bank of Commerce has a market cap of $34.7 billion and is part of the banking industry. The company has a P/E ratio of 10.7, below the S&P 500 P/E ratio of 17.7. Shares are up 7.8% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Canadian Imperial Bank of Commerce a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Canadian Imperial Bank of Commerce as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and growth in earnings per share. 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 Canadian Imperial Bank of Commerce 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, Bank of Montreal ( BMO) is down $0.60 (-0.8%) to $70.00 on light volume. Thus far, 110,916 shares of Bank of Montreal exchanged hands as compared to its average daily volume of 337,300 shares. The stock has ranged in price between $69.97-$70.41 after having opened the day at $70.34 as compared to the previous trading day's close of $70.60.

Bank of Montreal, together with its subsidiaries, provides various retail banking, wealth management, and investment banking products and services in North America and internationally. Bank of Montreal has a market cap of $45.3 billion and is part of the banking industry. The company has a P/E ratio of 11.6, below the S&P 500 P/E ratio of 17.7. Shares are up 14.8% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Bank of Montreal a buy, 2 analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Bank of Montreal as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and expanding profit margins. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. Get the full Bank of Montreal 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, Royal Bank Of Canada ( RY) is down $0.37 (-0.5%) to $68.20 on light volume. Thus far, 154,441 shares of Royal Bank Of Canada exchanged hands as compared to its average daily volume of 424,800 shares. The stock has ranged in price between $68.10-$68.32 after having opened the day at $68.31 as compared to the previous trading day's close of $68.57.

Royal Bank of Canada, a diversified financial service company, provides personal and commercial banking, wealth management, insurance, corporate and investment banking, and transaction processing services worldwide. Royal Bank Of Canada has a market cap of $98.8 billion and is part of the banking industry. The company has a P/E ratio of 13.0, below the S&P 500 P/E ratio of 17.7. Shares are up 13.7% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Royal Bank Of Canada a buy, no analysts rate it a sell, and 1 rates 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 notable return on equity, good cash flow from operations and expanding profit margins. 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.

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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