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 105 points (0.6%) at 16,554 as of Tuesday, April 22, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,226 issues advancing vs. 749 declining with 155 unchanged.

The Financial sector currently sits up 0.4% versus the S&P 500, which is up 0.6%. On the negative front, top decliners within the sector include HDFC Bank ( HDB), down 2.3%, Woori Finance Holdings ( WF), down 2.1%, KB Financial Group ( KB), down 1.5%, Mitsubishi UFJ Financial Group ( MTU), down 1.5% and Health Care REIT ( HCN), down 1.1%. Top gainers within the sector include MGIC Investment Corporation ( MTG), up 7.1%, Genworth Financial ( GNW), up 4.4%, Blackstone Group ( BX), up 4.0%, NASDAQ OMX Group ( NDAQ), up 3.0% and Regions Financial Corporation ( RF), up 1.9%.

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

3. Royal Bank Of Canada ( RY) is one of the companies pushing the Financial sector lower today. As of noon trading, Royal Bank Of Canada is down $0.39 (-0.6%) to $65.72 on average volume. Thus far, 227,441 shares of Royal Bank Of Canada exchanged hands as compared to its average daily volume of 461,100 shares. The stock has ranged in price between $65.55-$66.32 after having opened the day at $66.29 as compared to the previous trading day's close of $66.11.

Royal Bank of Canada, a diversified financial service company, provides personal and commercial banking, wealth management, insurance, investor, and capital markets products and services worldwide. Royal Bank Of Canada has a market cap of $96.1 billion and is part of the banking industry. Shares are down 0.7% year-to-date as of the close of trading on Monday. Currently there are 4 analysts that rate Royal Bank Of Canada a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Royal Bank Of Canada as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Royal Bank Of Canada 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, Signature Bank ( SBNY) is down $3.46 (-2.8%) to $121.21 on heavy volume. Thus far, 293,408 shares of Signature Bank exchanged hands as compared to its average daily volume of 357,900 shares. The stock has ranged in price between $118.89-$124.28 after having opened the day at $124.28 as compared to the previous trading day's close of $124.67.

Signature Bank provides various business and personal banking products and services. Signature Bank has a market cap of $5.9 billion and is part of the banking industry. Shares are up 16.1% year-to-date as of the close of trading on Monday. Currently there are 13 analysts that rate Signature Bank a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Signature Bank as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. 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 Signature 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, Zions ( ZION) is down $0.96 (-3.2%) to $29.27 on heavy volume. Thus far, 2.2 million shares of Zions exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $28.36-$29.41 after having opened the day at $28.41 as compared to the previous trading day's close of $30.23.

Zions Bancorporation, a financial holding company, provides banking and related services. Zions has a market cap of $5.6 billion and is part of the banking industry. Shares are up 0.9% year-to-date as of the close of trading on Monday. Currently there are 6 analysts that rate Zions a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Zions as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Zions 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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