Analysis was conducted on the Thrifts & Mortgage Finance industry to measure relative performance to find stocks that have underperformed. Relative underperformance is a possible bearish sign of underlying fundamental and technical weakness should it continue for an extended period of time. We looked at yesterday's price action of all companies in this peer group and measured their performance against one another.
Doral Financial (NYSE:DRL) ranks first with a loss of 1.65%; Ocwen Financial (NYSE:OCN) ranks second with a loss of 1.45%; and People's United Financial (NASDAQ:PBCT) ranks third with a loss of 1.34%.
Radian (NYSE:RDN) follows with a loss of 0.39% and Capitol Federal Financial (NASDAQ:CFFN) rounds out the bottom five with a loss of 0.17%.
Doral Financial Corp. is a diversified financial holding company with mortgage banking operations in Puerto Rico. The Company owns Doral Bank P.R., a commercial bank in Puerto Rico and Doral Bank - FSB, a thrift in New York. In Puerto Rico, it is also involved in the insurance and broker dealer business through its subsidiaries Doral Insurance and Doral Securities.