3 Stocks Pulling 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 67 points (0.4%) at 16,436 as of Friday, Aug. 8, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,992 issues advancing vs. 961 declining with 169 unchanged.

The Financial sector currently sits up 0.3% versus the S&P 500, which is up 0.4%. On the negative front, top decliners within the sector include Grupo Financiero Santander Mexico SAB de CV ( BSMX), down 2.0%, HDFC Bank ( HDB), down 2.0%, Orix ( IX), down 1.6%, Toronto-Dominion Bank ( TD), down 1.5% and Bank of Montreal ( BMO), down 1.4%. Top gainers within the sector include UBS ( UBS), up 2.7%, Howard Hughes ( HHC), up 2.5%, Royal Bank of Scotland Group (The ( RBS), up 2.4%, Credicorp ( BAP), up 2.1% and Credit Suisse Group ( CS), up 1.4%.

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 $0.68 (-1.4%) to $48.47 on light volume. Thus far, 14,006 shares of Shinhan Financial Group exchanged hands as compared to its average daily volume of 54,200 shares. The stock has ranged in price between $48.32-$48.58 after having opened the day at $48.45 as compared to the previous trading day's close of $49.15.

Shinhan Financial Group Co., Ltd. provides various financial products and services to corporations, institutional investors, governments, and individuals in South Korea and internationally. Shinhan Financial Group has a market cap of $23.3 billion and is part of the banking industry. Shares are up 7.5% year-to-date as of the close of trading on Thursday. 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 solid stock price performance, increase in net income and attractive valuation levels. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. 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, Mitsubishi UFJ Financial Group ( MTU) is down $0.07 (-1.2%) to $5.65 on light volume. Thus far, 260,866 shares of Mitsubishi UFJ Financial Group exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $5.64-$5.66 after having opened the day at $5.65 as compared to the previous trading day's close of $5.72.

Mitsubishi UFJ Financial Group, Inc., through its subsidiaries, provides financial services in Japan and internationally. Mitsubishi UFJ Financial Group has a market cap of $81.2 billion and is part of the banking industry. Shares are down 14.4% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts that rate Mitsubishi UFJ Financial Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Mitsubishi UFJ Financial Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. Get the full Mitsubishi UFJ 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.

1. As of noon trading, Canadian Imperial Bank of Commerce ( CM) is down $1.45 (-1.6%) to $90.13 on average volume. Thus far, 87,218 shares of Canadian Imperial Bank of Commerce exchanged hands as compared to its average daily volume of 151,900 shares. The stock has ranged in price between $90.08-$91.53 after having opened the day at $91.39 as compared to the previous trading day's close of $91.58.

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to individuals, small businesses, and commercial, corporate, and institutional clients in Canada and internationally. Canadian Imperial Bank of Commerce has a market cap of $36.5 billion and is part of the banking industry. Shares are up 7.2% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts that rate Canadian Imperial Bank of Commerce a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Canadian Imperial Bank of Commerce as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins, solid stock price performance and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and weak operating cash flow. Get the full Canadian Imperial Bank of Commerce 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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