BBT, MTB And ACE, 3 Financial Stocks Pushing The Sector Lower

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 13 points (0.1%) at 17,581 as of Wednesday, Dec. 9, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,741 issues advancing vs. 1,197 declining with 165 unchanged.

The Financial sector currently is unchanged today versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the sector include Nasdaq ( NDAQ), down 1.6%, SunTrust Banks ( STI), down 1.6%, Northern ( NTRS), down 1.5%, State Street ( STT), down 1.4% and Synchrony Financial ( SYF), down 1.1%. Top gainers within the sector include Grupo Aval Acciones y Valores ( AVAL), up 4.6%, Bbva Banco FrancesS.A ( BFR), up 4.4%, Credit Acceptance ( CACC), up 3.2%, Banco Santander Brasil SA/Brazil ( BSBR), up 3.2% and Blackstone Group ( BX), up 3.0%.

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

3. BB&T ( BBT) is one of the companies pushing the Financial sector lower today. As of noon trading, BB&T is down $0.36 (-0.9%) to $37.54 on light volume. Thus far, 1.4 million shares of BB&T exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $37.49-$38.04 after having opened the day at $37.74 as compared to the previous trading day's close of $37.90.

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BB&T Corporation operates as a financial holding company that provides various banking and trust services for retail and commercial clients. BB&T has a market cap of $30.2 billion and is part of the banking industry. Shares are down 2.5% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts that rate BB&T a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates BB&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full BB&T Ratings Report now.

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2. As of noon trading, M&T Bank ( MTB) is down $1.86 (-1.5%) to $121.70 on light volume. Thus far, 345,806 shares of M&T Bank exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $121.70-$123.79 after having opened the day at $123.01 as compared to the previous trading day's close of $123.56.

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M&T Bank Corporation, a bank holding company, provides commercial and retail banking services. The company's Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. M&T Bank has a market cap of $16.7 billion and is part of the banking industry. Shares are down 1.6% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts that rate M&T Bank a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates M&T Bank as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, growth in earnings per share and reasonable valuation levels. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full M&T Bank Ratings Report now.

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1. As of noon trading, ACE ( ACE) is down $0.66 (-0.6%) to $115.29 on average volume. Thus far, 802,041 shares of ACE exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $115.00-$116.37 after having opened the day at $115.23 as compared to the previous trading day's close of $115.95.

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ACE Limited, through its subsidiaries, provides a range of property and casualty insurance and reinsurance products worldwide. ACE has a market cap of $38.0 billion and is part of the insurance industry. Shares are up 0.9% year-to-date as of the close of trading on Tuesday. Currently there are 12 analysts that rate ACE a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates ACE as a buy. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full ACE Ratings Report now.

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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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