3 Stocks Pushing The Financial Services Industry 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.

The Financial Services industry as a whole was unchanged today versus the S&P 500, which was unchanged. Laggards within the Financial Services industry included Paulson Capital ( PLCC), down 3.2%, Atlanticus Holdings ( ATLC), down 2.4%, Rand Capital ( RAND), down 2.4%, China Ceramics ( CCCL), down 3.4% and First Marblehead ( FMD), down 4.1%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:

AllianceBernstein Holding L.P ( AB) is one of the companies that pushed the Financial Services industry lower today. AllianceBernstein Holding L.P was down $0.81 (3.0%) to $26.19 on average volume. Throughout the day, 329,457 shares of AllianceBernstein Holding L.P exchanged hands as compared to its average daily volume of 247,400 shares. The stock ranged in price between $26.00-$27.00 after having opened the day at $27.00 as compared to the previous trading day's close of $27.00.

AllianceBernstein Holding L.P. provides investment management and related services in the United States and internationally. AllianceBernstein Holding L.P has a market cap of $2.6 billion and is part of the financial sector. Shares are up 26.5% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who rates AllianceBernstein Holding L.P a buy, no analysts rate it a sell, and 3 rate it a hold.

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TheStreet Ratings rates AllianceBernstein Holding L.P as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

Highlights from TheStreet Ratings analysis on AB go as follows:

  • The revenue growth greatly exceeded the industry average of 1.0%. Since the same quarter one year prior, revenues rose by 44.5%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Compared to where it was a year ago today, the stock is now trading at a higher level, reflecting both the market's overall trend during that period and the fact that the company's earnings growth has been robust. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • ALLIANCEBERNSTEIN HOLDING LP has improved earnings per share by 40.6% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, ALLIANCEBERNSTEIN HOLDING LP increased its bottom line by earning $1.72 versus $0.50 in the prior year. This year, the market expects an improvement in earnings ($1.79 versus $1.72).
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Capital Markets industry average. The net income increased by 49.5% when compared to the same quarter one year prior, rising from $29.52 million to $44.13 million.
  • Net operating cash flow has slightly increased to $43.16 million or 6.63% when compared to the same quarter last year. In addition, ALLIANCEBERNSTEIN HOLDING LP has also vastly surpassed the industry average cash flow growth rate of -227.20%.

You can view the full analysis from the report here: AllianceBernstein Holding L.P Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

At the close, First Marblehead ( FMD) was down $0.08 (4.1%) to $1.88 on average volume. Throughout the day, 45,427 shares of First Marblehead exchanged hands as compared to its average daily volume of 35,900 shares. The stock ranged in price between $1.88-$2.04 after having opened the day at $1.96 as compared to the previous trading day's close of $1.96.

First Marblehead has a market cap of $19.7 million and is part of the financial sector. Shares are down 73.5% year-to-date as of the close of trading on Thursday. Currently there are no analysts who rate First Marblehead a buy, no analysts rate it a sell, and 1 rates it a hold.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

China Ceramics ( CCCL) was another company that pushed the Financial Services industry lower today. China Ceramics was down $0.03 (3.4%) to $0.85 on average volume. Throughout the day, 80,298 shares of China Ceramics exchanged hands as compared to its average daily volume of 69,000 shares. The stock ranged in price between $0.85-$0.89 after having opened the day at $0.86 as compared to the previous trading day's close of $0.88.

China Ceramics has a market cap of $17.0 million and is part of the financial sector. Shares are down 65.9% year-to-date as of the close of trading on Thursday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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