3 Financial Stocks Pushing Sector Growth

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 27 points (-0.2%) at 15,858 as of Tuesday, Dec. 17, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 997 issues advancing vs. 1,953 declining with 153 unchanged.

The Financial sector currently sits down 0.2% versus the S&P 500, which is down 0.5%. Top gainers within the sector include Visa ( V), up 1.6%, Annaly Capital Management ( NLY), up 1.5%, Boston Properties ( BXP), up 0.9%, Host Hotels & Resorts ( HST), up 0.8% and Blackstone Group ( BX), up 0.2%. On the negative front, top decliners within the sector include Rayonier ( RYN), down 3.0%, HDFC Bank ( HDB), down 3.1%, KKR ( KKR), down 2.5%, Woori Finance Holdings ( WF), down 2.6% and Nomura Holdings ( NMR), down 1.4%.

TheStreet would like to highlight 3 stocks pushing the sector higher today:

3. Banco Santander Chile ( BSAC) is one of the companies pushing the Financial sector higher today. As of noon trading, Banco Santander Chile is up $0.41 (1.9%) to $22.33 on light volume. Thus far, 115,889 shares of Banco Santander Chile exchanged hands as compared to its average daily volume of 346,800 shares. The stock has ranged in price between $21.55-$22.45 after having opened the day at $21.88 as compared to the previous trading day's close of $21.92.

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 $10.2 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 23.1% year to date as of the close of trading on Monday. 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 increase in net income, notable return on equity and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Get the full Banco Santander Chile Ratings Report now.

3x UPSIDE POTENTIAL: 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, KKR Financial Holdings ( KFN) is up $2.61 (27.6%) to $12.06 on heavy volume. Thus far, 23.9 million shares of KKR Financial Holdings exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $11.62-$12.12 after having opened the day at $11.73 as compared to the previous trading day's close of $9.45.

KKR Financial Holdings LLC, together with its subsidiaries, operates as a specialty finance company with expertise in a range of asset classes. KKR Financial Holdings has a market cap of $2.0 billion and is part of the real estate industry. The company has a P/E ratio of 6.8, below the S&P 500 P/E ratio of 17.7. Shares are down 9.8% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate KKR Financial Holdings a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates KKR Financial Holdings as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and weak operating cash flow. Get the full KKR Financial Holdings Ratings Report now.

3x UPSIDE POTENTIAL: 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, Credicorp ( BAP) is up $1.05 (0.8%) to $130.79 on average volume. Thus far, 180,143 shares of Credicorp exchanged hands as compared to its average daily volume of 349,000 shares. The stock has ranged in price between $129.19-$132.97 after having opened the day at $129.31 as compared to the previous trading day's close of $129.74.

Credicorp Ltd., through its subsidiaries, provides financial services primarily in Peru, the Cayman Islands, Bolivia, Chile, Colombia, and Panama. It operates in four segments: Banking, Insurance, Pension Funds, and Investment Banking. Credicorp has a market cap of $10.2 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 down 11.5% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Credicorp a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Credicorp as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and feeble growth in the company's earnings per share. Get the full Credicorp Ratings Report now.

3x UPSIDE POTENTIAL: 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 3 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).

null

More from Markets

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home