5 Stocks Dragging In The Financial Sector

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 48 points (0.3%) at 16,465 as of Friday, Jan. 17, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,451 issues advancing vs. 1,447 declining with 177 unchanged.

The Financial sector currently sits up 0.1% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Capital One Financial ( COF), down 4.4%, Royal Bank of Scotland Group (The ( RBS), down 1.8%, Banco De Chile ( BCH), down 1.4%, Discover Financial Services ( DFS), down 1.2% and Credit Suisse Group ( CS), down 1.2%. Top gainers within the sector include SunTrust Banks ( STI), up 3.8%, PNC Financial Services Group ( PNC), up 3.0%, Visa ( V), up 2.2%, Regions Financial Corporation ( RF), up 1.3% and Goldman Sachs Group ( GS), up 0.9%.

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

5. Hudson City Bancorp ( HCBK) is one of the companies pushing the Financial sector lower today. As of noon trading, Hudson City Bancorp is down $0.34 (-3.7%) to $8.94 on heavy volume. Thus far, 3.6 million shares of Hudson City Bancorp exchanged hands as compared to its average daily volume of 4.7 million shares. The stock has ranged in price between $8.93-$9.27 after having opened the day at $9.17 as compared to the previous trading day's close of $9.28.

Hudson City Bancorp, Inc. operates as the holding company of Hudson City Savings Bank that provides various banking products and services in the United States. Hudson City Bancorp has a market cap of $4.9 billion and is part of the banking industry. The company has a P/E ratio of 25.2, above the S&P 500 P/E ratio of 17.7. Shares are down 1.6% year-to-date as of the close of trading on Thursday. Currently there are no analysts that rate Hudson City Bancorp a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Hudson City Bancorp as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, increase in stock price during the past year and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and feeble growth in the company's earnings per share. Get the full Hudson City Bancorp 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, People's United Financial ( PBCT) is down $0.52 (-3.4%) to $14.84 on heavy volume. Thus far, 10.1 million shares of People's United Financial exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $14.62-$15.01 after having opened the day at $14.96 as compared to the previous trading day's close of $15.37.

People's United Financial, Inc. operates as the bank holding company for People's United Bank that provides commercial banking, retail and business banking, and wealth management services to individual, corporate, and municipal customers. People's United Financial has a market cap of $4.9 billion and is part of the banking industry. The company has a P/E ratio of 21.2, above the S&P 500 P/E ratio of 17.7. Shares are up 1.6% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts that rate People's United Financial a buy, 3 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates People's United Financial as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share, reasonable valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full People's United 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, SLM ( SLM) is down $2.45 (-9.0%) to $24.69 on heavy volume. Thus far, 9.5 million shares of SLM exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $24.66-$25.83 after having opened the day at $25.75 as compared to the previous trading day's close of $27.14.

SLM Corporation, also known as Sallie Mae, originates, acquires, finances, and services private education loans in the United States. The company operates through three segments: Consumer Lending, Business Services, and FFELP Loans. SLM has a market cap of $11.9 billion and is part of the financial services industry. The company has a P/E ratio of 8.7, below the S&P 500 P/E ratio of 17.7. Shares are up 3.3% year-to-date as of the close of trading on Thursday. Currently there are 4 analysts that rate SLM a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates SLM as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full SLM 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, M&T Bank ( MTB) is down $4.17 (-3.6%) to $110.50 on heavy volume. Thus far, 1.1 million shares of M&T Bank exchanged hands as compared to its average daily volume of 932,200 shares. The stock has ranged in price between $110.42-$114.76 after having opened the day at $113.99 as compared to the previous trading day's close of $114.67.

M&T Bank Corporation operates as the holding company for M&T Bank that provide commercial and retail banking services to individuals, corporations, and other businesses and institutions. M&T Bank has a market cap of $15.0 billion and is part of the banking industry. The company has a P/E ratio of 13.1, below the S&P 500 P/E ratio of 17.7. Shares are down 1.5% year-to-date as of the close of trading on Thursday. Currently there are 4 analysts that rate M&T Bank a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates M&T Bank 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, increase in stock price during the past year and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full M&T Bank 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, Bank of New York Mellon ( BK) is down $0.99 (-2.9%) to $32.93 on heavy volume. Thus far, 4.1 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $32.72-$33.48 after having opened the day at $33.35 as compared to the previous trading day's close of $33.92.

The Bank of New York Mellon Corporation provides various financial products and services worldwide. It operates through Investment Management, Investment Services, and Other segments. Bank of New York Mellon has a market cap of $39.2 billion and is part of the financial services industry. The company has a P/E ratio of 18.8, above the S&P 500 P/E ratio of 17.7. Shares are down 2.9% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts that rate Bank of New York Mellon a buy, 2 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Bank of New York Mellon as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, expanding profit margins, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Bank of New York Mellon 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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