December 29, 2011 at 14:01 PM EST
10 Financial Stocks to Get Rid of Now
There's nothing pretty about the state of the financial sector. If you haven't dumped these 10 big-name stocks, you should do so now.

We all know the financial industry has taken a turn for the worst. For many, this meant that an investment in this failing industry had taken the very shirt from their back. Even InvestorPlace Editor Jeff Reeves was taken for an unfortunate spin when the bottom fell out from Bank of America (NYSE:BAC) — a recommendation he regrets.

I watch more than 5,000 publicly traded companies with my Portfolio Grader tool, ranking companies by a number of fundamental and quantitative measures. And this week, I’ve got 10 financial stocks to sell.

Here they are, in alphabetical order. Each one of these stocks gets a “D” or “F” according to my research, meaning it’s a “sell” or “strong sell.”

Bank of New York Mellon (NYSE:BK) is a global financial services company. BK stock has lost 33% year-to-date, compared to a gain of almost 6% for the Dow Jones. BK stocks get a “D” for its ability to exceed the consensus earnings estimates on Wall Street in my Portfolio Grader tool. For more information, view my complete analysis of BK stock.

Charles Schwab (NYSE:SCHW) is a savings and loans holding company. Since the start of 2011, SCHW has slid 34%. SCHW stock gets a “D” for its ability to exceed the consensus earnings estimates on Wall Street and a “D” for the magnitude in which earnings projections have increased over the past month in my Portfolio Grader tool. For more information, view my complete analysis of SCHW stock.

Deutsche Bank (NYSE:DB) is a global investment firm based in Germany. Year-to-date, DB stock is down almost 27% compared to small gains by the broader markets. DB stock gets an “F” for sales growth, an “F” for its ability to exceed the consensus earnings estimates on Wall Street and an “F” for the magnitude in which earnings projections have increased over the past month in my Portfolio Grader tool. For more information, view my complete analysis of DB stock.

E*TRADE Financial (NASDAQ:ETFC) provides online brokerage products and services. ETFC has watched its stock value dip 50% in the last 12 months. ETFC stock gets a “D” for sales growth, a “D” for earnings momentum, an “F” for its ability to exceed the consensus earnings estimates on Wall Street and a “D” for return on equity in my Portfolio Grader tool. For more information, view my complete analysis of ETFC stock.

Goldman Sachs Group (NYSE:GS) is a bank holding and a financial holding company. Like other big banking stocks on this list, GS has had a rough 2011 — down 45%. GS gets an “F” for sales growth, a “D” for operating margin growth, an “F” for earnings growth, an “F” for the magnitude in which earnings projections have increased over the past month and a “D” for return on equity. For more information, view my complete analysis of GS stock.

Jefferies Group (NYSE:JEF) is a securities and investment banking firm. Since the start of 2011, JEF stock has slid 48%. It gets an “F” for sales growth, a “D” for operating margin growth, a “D” for earnings momentum and an “F” for the magnitude in which earnings projections have increased over the past month in my Portfolio Grader tool. For more information, view my complete analysis of JEF stock.

Legg Mason (NYSE:LM) provides investment management services to its clients. A 33% drop since the start 2011 has left LM shareholders questioning their purchase. LM gets an “F” for sales growth, a “D” for earnings growth a “D” for the magnitude in which earnings projections have increased over the past month and a “D” for return on equity in my Portfolio Grader tool. For more information, view my complete analysis of LM stock.

Och-Ziff Capital Management Group (NYSE:OZM) is an institutional alternative asset manager. Year-to-date, OZM stock has dropped 47%. OZM gets a “D” for earnings momentum, an “F” for its ability to exceed the consensus earnings estimates on Wall Street, an “F” for the magnitude in which earnings projections have increased over the past month and an “F” for cash flow in my Portfolio Grader tool. For more information, view my complete analysis OZM stock.

TD Ameritrade Holding (NASDAQ:AMTD) provides securities brokerage services and has watched its stock value dip almost 18% in the past year. AMTD gets a “D” for its ability to exceed the consensus earnings estimates on Wall Street and a “D” for the magnitude in which earnings projections have increased over the past month in my Portfolio Grader tool. For more information, view my complete analysis of AMTD stock.

UBS (NYSE:UBS) is an international provider of wealth management, asset management and investment banking services. UBS rounds out the list with a drop of 28% year-to-date. UBS gets an “F” for sales growth, a “D” for operating margin growth, a “D” for earnings growth, a “D” for earnings momentum, an “F” for its ability to exceed the consensus earnings estimates on Wall Street and a “D” for the magnitude in which earnings projections have increased over the past month in my Portfolio Grader tool. For more information, view my complete analysis of UBS stock.

Get more analysis of these picks and other publicly traded stocks with Louis Navellier’s Portfolio Grader tool, a 100% free stock rating tool that measures both quantitative buying pressure and eight fundamental factors.


Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here