3 Stocks Pushing The Financial Services Industry Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 22 points (0.2%) at 12,810 as of Wednesday, Nov. 21, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,635 issues advancing vs. 1,204 declining with 167 unchanged.

The Financial Services industry currently sits down 0.3% versus the S&P 500, which is up 0.0%. A company within the industry that increased today was Brookfield Asset Management (BAM), up 0.7%. On the negative front, top decliners within the industry include Orix Corporation (IX), down 1.2%, CIT Group (CIT), down 0.9% and Invesco (IVZ), down 0.6%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry higher today:

3. AllianceBernstein Holding L.P (AB) is one of the companies pushing the Financial Services industry higher today. As of noon trading, AllianceBernstein Holding L.P is up $0.81 (4.7%) to $17.89 on heavy volume Thus far, 415,096 shares of AllianceBernstein Holding L.P exchanged hands as compared to its average daily volume of 346,300 shares. The stock has ranged in price between $17.09-$17.95 after having opened the day at $17.10 as compared to the previous trading day's close of $17.08.

AllianceBernstein Holding L.P. provides investment management and related services in the United States and internationally. AllianceBernstein Holding L.P has a market cap of $1.7 billion and is part of the financial sector. The company has a P/E ratio of -10.0, below the S&P 500 P/E ratio of 17.7. Shares are up 27.1% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate AllianceBernstein Holding L.P a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates AllianceBernstein Holding L.P as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full AllianceBernstein Holding L.P Ratings Report now.

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