5 Financial Stocks Being Dumped This Morning

Through the early part of trading on Friday, September 2, 2011, these stocks are bringing down the Financial (NYSE:XLF) sector. Over a dozen major U.S. banks (NYSE:KBE) are expected to be named in a Federal Housing Finance Agency lawsuit arguing that they misrepresented the quality of mortgage securities they packaged and sold leading up to the housing market collapse. Long time Wall St. Cheat Sheet readers know to watch stock prices because Technicals on the Stock Chart are Strong’ is one of the ‘T’s in our CHEAT SHEET investing framework.

Goldman Sachs Group Inc. (NYSE:GS) is among the price losers in the sector. Its shares are trading at $106.78, which is $5.50 (-4.8%) below the previous close of $112.16. Goldman Sachs Group, Inc. is a global investment banking and securities firm that specializes in investment banking, trading and principal investments, asset management and securities services.

Stock Price Performance: From July 7, 2011, to September 1, 2011, the stock price had fallen $22.44 (-16.7%) from $134.60 to $112.16. It saw one of its worst periods between April 11, 2011 and April 19, 2011 when shares fell for seven straight trading days, falling 6% (-$9.56). The stock price saw one of its best stretches over the last year between December 29, 2010 and January 5, 2011 when shares rose for six straight trading days, rising 3.8% (+$6.32).

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) stocks are trading at $8.49. This is 41 cents (-4.5%) below the previous close of $8.89, making the company one of the biggest price losers in the sector today. Banco Bilbao Vizcaya Argentaria, S.A. is an international financial group, with strengths in the traditional banking businesses of retail banking, asset management, private banking and wholesale banking.

Stock Price Performance: From July 7, 2011, to September 1, 2011, the stock price had fallen $2.33 (-20.8%) from $11.22 to $8.89. The stock price saw one of its best stretches over the last year between January 10, 2011 and January 24, 2011 when shares rose for 10 straight trading days, rising 36.8% (+$3.23). It saw one of its worst periods between December 31, 2010 and January 10, 2011 when shares fell for seven straight trading days, falling 10.2% (-$1).

Shares of Morgan Stanley (NYSE:MS) are trading at $16.17, down 77 cents (-4.5%) from the previous close of $16.93. Morgan Stanley provides its financial products and services to a group of clients and customers, including corporations, governments, financial institutions and individuals.

Stock Price Performance: From July 7, 2011, to September 1, 2011, the stock price had fallen $6.02 (-26.2%) from $22.95 to $16.93. The stock price saw one of its best stretches over the last year between December 16, 2010 and December 28, 2010 when shares rose for eight straight trading days, rising 6.3% (+$1.64). It saw one of its worst periods between October 18, 2010 and October 26, 2010 when shares fell for seven straight trading days, falling 4.8% (-$1.20).

Capital One Financial Corporation (NYSE:COF) is one of the sector losers in price. Its shares are trading at $43.31, down $2.14 (-4.4%) from the previous close of $45.30. Capital One Financial Corporation is a financial services company which markets a variety of financial products and services through its banking and non-banking subsidiaries.

Stock Price Performance: From July 7, 2011, to September 1, 2011, the stock price had fallen $8.94 (-16.5%) from $54.24 to $45.30. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 27, 2011 when shares rose for seven straight trading days, rising 12.1% (+$5.99). It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven straight trading days, falling 8.5% (-$4.63).

Eaton Vance Corporation (NYSE:EV) is among the price losers in the sector as its stock price is $22.77, down $1.28 (-4.9%) from the previous close of $23.95. Eaton Vance Corporation manages investment funds and provides investment management and counseling services to high-net-worth individuals and institutions.

Stock Price Performance: From July 7, 2011, to September 1, 2011, the stock price had fallen $6.66 (-21.8%) from $30.61 to $23.95. It saw one of its worst periods between May 12, 2011 and May 25, 2011 when shares fell for 10 straight trading days, falling 6.5% (-$2.12). The stock price saw one of its best stretches over the last year between January 7, 2011 and January 14, 2011 when shares rose for six straight trading days, rising 6.7% (+$1.94).