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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 72 points (-0.4%) at 16,500 as of Friday, April 4, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,273 issues advancing vs. 1,704 declining with 143 unchanged.

The Financial sector currently sits down 0.4% versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the sector include E*Trade Financial ( ETFC), down 7.7%, Financial Engines ( FNGN), down 7.1%, TD Ameritrade Holding Corporation ( AMTD), down 4.4%, Charles Schwab ( SCHW), down 4.4% and SVB Financial Group ( SIVB), down 3.1%. Top gainers within the sector include Digital Realty ( DLR), up 2.6%, Woori Finance Holdings ( WF), up 2.4%, Shinhan Financial Group ( SHG), up 1.7%, Banco Santander Chile ( BSAC), up 1.6% and Ventas ( VTR), up 1.5%.

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

3. Bank of New York Mellon ( BK) is one of the companies pushing the Financial sector lower today. As of noon trading, Bank of New York Mellon is down $0.39 (-1.1%) to $35.00 on light volume. Thus far, 2.0 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 6.1 million shares. The stock has ranged in price between $34.92-$35.72 after having opened the day at $35.67 as compared to the previous trading day's close of $35.39.

The Bank of New York Mellon Corporation provides various financial products and services in the United States and internationally. Its Investment Management segment provides institutional, intermediary, retirement and retail investment management, distribution, and related services. Bank of New York Mellon has a market cap of $40.0 billion and is part of the financial services industry. Shares are up 1.3% year-to-date as of the close of trading on Thursday. Currently there are 4 analysts that rate Bank of New York Mellon a buy, 2 analysts rate it a sell, and 7 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 reasonable valuation levels, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. 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.

2. As of noon trading, MasterCard Incorporated ( MA) is down $1.92 (-2.6%) to $72.61 on average volume. Thus far, 3.9 million shares of MasterCard Incorporated exchanged hands as compared to its average daily volume of 7.3 million shares. The stock has ranged in price between $72.60-$75.49 after having opened the day at $75.40 as compared to the previous trading day's close of $74.53.

MasterCard Incorporated provides transaction processing and other payment-related services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services. MasterCard Incorporated has a market cap of $85.3 billion and is part of the financial services industry. Shares are down 10.8% year-to-date as of the close of trading on Thursday. Currently there are 17 analysts that rate MasterCard Incorporated a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates MasterCard Incorporated as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, expanding profit margins, good cash flow from operations and solid stock price performance. 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 MasterCard Incorporated 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, Visa ( V) is down $5.44 (-2.5%) to $209.57 on heavy volume. Thus far, 2.9 million shares of Visa exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $208.00-$215.71 after having opened the day at $215.57 as compared to the previous trading day's close of $215.01.

Visa Inc., a payments technology company, operates as a retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities. Visa has a market cap of $108.3 billion and is part of the financial services industry. Shares are down 3.4% year-to-date as of the close of trading on Thursday. Currently there are 18 analysts that rate Visa a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Visa as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, expanding profit margins and good cash flow from operations. 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 Visa 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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