RJF, NDAQ And CME, 3 Financial Services Stocks Pushing The Industry Lower

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 60 points (0.4%) at 16,517 as of Tuesday, April 1, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,859 issues advancing vs. 1,154 declining with 141 unchanged.

The Financial Services industry currently sits up 0.1% versus the S&P 500, which is up 0.4%. Top gainers within the industry include Fortress Investment Group ( FIG), up 6.0%, BGC Partners ( BGCP), up 5.8%, Waddell & Reed Financial ( WDR), up 2.4%, E*Trade Financial ( ETFC), up 2.0% and Equifax ( EFX), up 2.0%.

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

3. Raymond James Financial ( RJF) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Raymond James Financial is down $0.61 (-1.1%) to $55.32 on average volume. Thus far, 579,537 shares of Raymond James Financial exchanged hands as compared to its average daily volume of 803,400 shares. The stock has ranged in price between $54.92-$56.32 after having opened the day at $56.27 as compared to the previous trading day's close of $55.93.

Raymond James Financial, Inc., a financial holding company, through its subsidiaries, is engaged in the underwriting, distribution, trading, and brokerage of equity and debt securities, as well as the sale of mutual funds and other investment products in the United States, Canada, and Europe. Raymond James Financial has a market cap of $7.7 billion and is part of the financial sector. Shares are up 7.2% year-to-date as of the close of trading on Monday. Currently there are 2 analysts that rate Raymond James Financial a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Raymond James Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Raymond James Financial Ratings Report now.

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