All three major indices are trading down today with the Dow Jones Industrial Average (^DJI) trading down 76 points (-0.4%) at 18,051 as of Friday, May 29, 2015, 1:00 PM ET. The NYSE advances/declines ratio sits at 1,058 issues advancing vs. 1,892 declining with 171 unchanged.
The Financial sector currently sits down 0.2% versus the S&P 500, which is down 0.3%. Top gainers within the sector include Macerich ( MAC), up 1.5%, KB Financial Group ( KB), up 1.1% and Shinhan Financial Group ( SHG), up 0.8%. On the negative front, top decliners within the sector include Banco Santander Brasil SA/Brazil (BSBR), down 2.8%, Toronto-Dominion Bank ( TD), down 1.9%, Nomura Holdings (NMR), down 1.8%, American Tower ( AMT), down 1.7% and Banco Santander Chile (BSAC), down 1.4%.
TheStreet would like to highlight 3 stocks pushing the sector higher today:
3. Bank of Nova Scotia ( BNS) is one of the companies pushing the Financial sector higher today. As of noon trading, Bank of Nova Scotia is up $0.57 (1.1%) to $52.53 on heavy volume. Thus far, 648,438 shares of Bank of Nova Scotia exchanged hands as compared to its average daily volume of 780,500 shares. The stock has ranged in price between $51.69-$52.60 after having opened the day at $51.90 as compared to the previous trading day’s close of $51.96.
The Bank of Nova Scotia provides various personal, commercial, corporate, and investment banking services in Canada and internationally. Bank of Nova Scotia has a market cap of $62.6 billion and is part of the banking industry. Shares are down 9.0% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who rates Bank of Nova Scotia a buy, 1 analyst rates it a sell, and 2 rate it a hold.
TheStreet Ratings rates Bank of Nova Scotia as a sell. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself