3 Financial Stocks Dragging The Sector Down

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 32 points (-0.2%) at 17,036 as of Thursday, Sept. 11, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,537 issues advancing vs. 1,470 declining with 140 unchanged.

The Financial sector currently is unchanged today versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Zillow ( Z), down 2.5%, Orix ( IX), down 1.8%, Shinhan Financial Group ( SHG), down 1.2%, MasterCard ( MA), down 0.8% and Ameriprise Financial ( AMP), down 0.6%. Top gainers within the sector include CoStar Group ( CSGP), up 2.9%, CME Group ( CME), up 1.6%, Woori Finance Holdings ( WF), up 1.5%, Bank of America Corporation ( BAC), up 1.1% and Morgan Stanley ( MS), up 0.9%.

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

3. Manulife Financial ( MFC) is one of the companies pushing the Financial sector lower today. As of noon trading, Manulife Financial is down $0.16 (-0.8%) to $19.94 on average volume. Thus far, 525,596 shares of Manulife Financial exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $19.89-$20.03 after having opened the day at $19.94 as compared to the previous trading day's close of $20.10.

Manulife Financial Corporation, together with its subsidiaries, provides financial protection and wealth management products and services to individual, corporate, and business customers primarily in Asia, Canada, and the United States. The company operates through Asia, Canadian, and U.S. Manulife Financial has a market cap of $37.3 billion and is part of the insurance industry. Shares are up 1.9% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Manulife Financial a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Manulife Financial as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Manulife 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.

2. As of noon trading, HDFC Bank ( HDB) is down $0.40 (-0.8%) to $49.79 on light volume. Thus far, 175,547 shares of HDFC Bank exchanged hands as compared to its average daily volume of 791,600 shares. The stock has ranged in price between $49.61-$50.07 after having opened the day at $49.99 as compared to the previous trading day's close of $50.19.

HDFC Bank Limited, together with its subsidiaries, provides a range of banking and financial services to individuals and businesses in India, as well as in Bahrain and Hong Kong. The company operates in four segments: Retail Banking, Wholesale Banking, Treasury, and Other Banking Operations. HDFC Bank has a market cap of $40.2 billion and is part of the banking industry. Shares are up 45.7% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts that rate HDFC Bank a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates HDFC Bank as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, compelling growth in net income, solid stock price performance and expanding profit margins. 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 HDFC 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, Toronto-Dominion Bank ( TD) is down $0.34 (-0.7%) to $52.36 on light volume. Thus far, 355,667 shares of Toronto-Dominion Bank exchanged hands as compared to its average daily volume of 990,700 shares. The stock has ranged in price between $52.31-$52.64 after having opened the day at $52.42 as compared to the previous trading day's close of $52.70.

The Toronto-Dominion Bank, together with its subsidiaries, provides financial and banking services in North America and internationally. Toronto-Dominion Bank has a market cap of $96.6 billion and is part of the banking industry. Shares are up 11.8% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Toronto-Dominion Bank a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Toronto-Dominion Bank as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. 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 Toronto-Dominion 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.

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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