3 Stocks Pulling The Financial Sector Downward

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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.

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