5 Stocks Pushing The Financial Sector 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 modelOne out of the three major indices are trading lower today with the Dow Jones Industrial Average (^DJI) trading up 40 points (0.3%) at 13,114 as of Friday, Dec. 7, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,438 issues advancing vs. 1,420 declining with 156 unchanged.The Financial sector currently is unchanged today versus the S&P 500, which is up 0.1%. Top gainers within the sector include American International Group (AIG), up 2.4%, JPMorgan Chase (JPM), up 2.1%, Mitsubishi UFJ Financial Group (MTU), up 1.3%, Morgan Stanley (MS), up 1.3% and Bank of America Corporation (BAC), up 1.1%. On the negative front, top decliners within the sector include AvalonBay Communities (AVB), down 1.9%, Royal Bank of Scotland Group (The (RBS), down 0.4%, ING Groep N.V (ING), down 0.7% and Credit Suisse Group (CS), down 0.6%.TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:5. Royal Bank Of Canada (RY) is one of the companies pushing the Financial sector higher today. As of noon trading, Royal Bank Of Canada is up $0.28 (0.5%) to $59.29 on heavy volume Thus far, 384,191 shares of Royal Bank Of Canada exchanged hands as compared to its average daily volume of 508,000 shares. The stock has ranged in price between $59.14-$59.75 after having opened the day at $59.48 as compared to the previous trading day's close of $59.01. Royal Bank of Canada provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services under the RBC name worldwide. Royal Bank Of Canada has a market cap of $85.7 billion and is part of the banking industry. The company has a P/E ratio of 11.9, below the S&P 500 P/E ratio of 17.7. Shares are up 15.8% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Royal Bank Of Canada a buy, no analysts rate it a sell, and 3 rate it a hold.TheStreet Ratings rates Royal Bank Of Canada as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and solid stock price performance. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. Get the full Royal Bank Of Canada Ratings Report now.EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass
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