10 Financial Stocks to Get Rid of 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, Ive 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 its 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.