3 Stocks Pushing The Financial Sector Downward

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 18 points (0.1%) at 16,551 as of Wednesday, April 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,684 issues advancing vs. 1,250 declining with 198 unchanged.

The Financial sector currently is unchanged today versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include Icahn ( IEP), down 1.3%, CME Group ( CME), down 1.0% and Blackstone Group ( BX), down 0.8%. Top gainers within the sector include NASDAQ OMX Group ( NDAQ), up 2.7%, Orix Corporation ( IX), up 2.4%, Royal Bank of Scotland Group (The ( RBS), up 1.7%, Mitsubishi UFJ Financial Group ( MTU), up 1.4% and Nomura Holdings ( NMR), up 1.3%.

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

3. Shinhan Financial Group ( SHG) is one of the companies pushing the Financial sector lower today. As of noon trading, Shinhan Financial Group is down $0.60 (-1.4%) to $43.71 on light volume. Thus far, 8,680 shares of Shinhan Financial Group exchanged hands as compared to its average daily volume of 60,900 shares. The stock has ranged in price between $43.59-$44.67 after having opened the day at $43.76 as compared to the previous trading day's close of $44.31.

Shinhan Financial Group Co., Ltd. provides a range of financial products and services to corporations, institutional investors, governments, and individuals in Korea and internationally. Shinhan Financial Group has a market cap of $20.8 billion and is part of the banking industry. Shares are down 3.8% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Shinhan Financial Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Shinhan Financial Group as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full Shinhan Financial Group 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, TD Ameritrade Holding Corporation ( AMTD) is down $0.33 (-1.0%) to $33.76 on average volume. Thus far, 2.3 million shares of TD Ameritrade Holding Corporation exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $33.62-$34.22 after having opened the day at $34.16 as compared to the previous trading day's close of $34.09.

TD Ameritrade Holding Corporation provides securities brokerage services and technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. TD Ameritrade Holding Corporation has a market cap of $18.7 billion and is part of the financial services industry. Shares are up 10.8% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts that rate TD Ameritrade Holding Corporation a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates TD Ameritrade Holding Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full TD Ameritrade Holding Corporation 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, Regions Financial Corporation ( RF) is down $0.16 (-1.4%) to $11.09 on average volume. Thus far, 12.3 million shares of Regions Financial Corporation exchanged hands as compared to its average daily volume of 16.5 million shares. The stock has ranged in price between $11.00-$11.28 after having opened the day at $11.28 as compared to the previous trading day's close of $11.25.

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. The company operates in three segments: Business Services, Consumer Services, and Wealth Management. Regions Financial Corporation has a market cap of $15.3 billion and is part of the banking industry. Shares are up 12.3% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Regions Financial Corporation a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Regions Financial Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations, expanding profit margins, attractive valuation levels 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 Regions Financial Corporation 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 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).

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