FITB, PNC And PRU, 3 Financial Stocks Pushing The Sector Lower

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 24 points (0.1%) at 16,720 as of Tuesday, May 13, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,382 issues advancing vs. 1,595 declining with 161 unchanged.

The Financial sector currently sits down 0.2% versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Financial Engines ( FNGN), down 4.2%, National Bank of Greece ( NBG), down 4.1%, HDFC Bank ( HDB), down 2.6%, CoStar Group ( CSGP), down 2.6% and Prospect Capital Corporation ( PSEC), down 2.5%. Top gainers within the sector include Woori Finance Holdings ( WF), up 4.0%, Grupo Financiero Santander Mexico SAB de CV ( BSMX), up 3.0%, KKR ( KKR), up 2.1%, Shinhan Financial Group ( SHG), up 1.9% and Lazard ( LAZ), up 1.6%.

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

3. Fifth Third Bancorp ( FITB) is one of the companies pushing the Financial sector lower today. As of noon trading, Fifth Third Bancorp is down $0.12 (-0.6%) to $20.76 on average volume. Thus far, 3.3 million shares of Fifth Third Bancorp exchanged hands as compared to its average daily volume of 8.4 million shares. The stock has ranged in price between $20.76-$20.95 after having opened the day at $20.88 as compared to the previous trading day's close of $20.88.

Fifth Third Bancorp operates as a diversified financial services company in the United States. It operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third Bancorp has a market cap of $17.5 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 9 analysts that rate Fifth Third Bancorp a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Fifth Third Bancorp as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity 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 Fifth Third 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.

2. As of noon trading, PNC Financial Services Group ( PNC) is down $0.47 (-0.6%) to $85.00 on light volume. Thus far, 670,123 shares of PNC Financial Services Group exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $84.83-$85.68 after having opened the day at $85.47 as compared to the previous trading day's close of $85.47.

The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. PNC Financial Services Group has a market cap of $45.0 billion and is part of the banking industry. Shares are up 10.2% year-to-date as of the close of trading on Monday. Currently there are 10 analysts that rate PNC Financial Services Group a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates PNC Financial Services Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins, notable return on equity, increase in net income and growth in earnings per share. 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 PNC Financial Services 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.

1. As of noon trading, Prudential Financial ( PRU) is down $0.44 (-0.5%) to $84.38 on light volume. Thus far, 736,514 shares of Prudential Financial exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $84.26-$85.15 after having opened the day at $84.93 as compared to the previous trading day's close of $84.81.

Prudential Financial, Inc. provides insurance, investment management, and other financial products and services to individual and institutional customers in the United States and internationally. Prudential Financial has a market cap of $38.5 billion and is part of the insurance industry. Shares are down 8.0% year-to-date as of the close of trading on Monday. Currently there are 10 analysts that rate Prudential Financial a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Prudential Financial as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and solid stock price performance. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. Get the full Prudential 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.

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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