5 Stocks Pushing The Financial Sector Lower
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 57 points (-0.4%) at 13,942 as of Monday, Feb. 25, 2013, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,301 issues advancing vs. 1,576 declining with 144 unchanged.
The Financial sector currently sits down 0.1% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include CommonWealth REIT ( CWH), down 9.7%, Aegon ( AEG), down 2.7%, Credit Suisse Group ( CS), down 1.7%, Lincoln National Corp (Radnor ( LNC), down 1.8% and IntercontinentalExchange ( ICE), down 1.6%. Top gainers within the sector include Apollo Global Management ( APO), up 5.3%, Icahn ( IEP), up 3.3%, Orix Corporation ( IX), up 1.7%, Woori Finance Holdings ( WF), up 1.7% and Deutsche Bank ( DB), up 1.0%.
TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:
5. PNC Financial Services Group ( PNC) is one of the companies pushing the Financial sector lower today. As of noon trading, PNC Financial Services Group is down $0.68 (-1.1%) to $62.22 on light volume Thus far, 1.1 million shares of PNC Financial Services Group exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $62.18-$63.25 after having opened the day at $63.25 as compared to the previous trading day's close of $62.90.
The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States and internationally. The company's Retail Banking segment provides deposit, lending, brokerage, investment management, and cash management services. PNC Financial Services Group has a market cap of $33.0 billion and is part of the banking industry. The company has a P/E ratio of 11.8, below the S&P 500 P/E ratio of 17.7. Shares are up 7.0% year to date as of the close of trading on Friday. Currently there are 17 analysts that rate PNC Financial Services Group a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates PNC Financial Services Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, expanding profit margins, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full PNC Financial Services Group Ratings Report now.