4 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 down 15 points (-0.1%) at 14,074 as of Monday, March 4, 2013, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,220 issues advancing vs. 1,591 declining with 184 unchanged.The Financial sector currently sits up 0.2% versus the S&P 500, which is unchanged. Top gainers within the sector include Orix Corporation (IX), up 5.0%, Charles Schwab (SCHW), up 1.5%, Mitsubishi UFJ Financial Group (MTU), up 0.7%, Citigroup (C), up 0.6% and Bank of New York Mellon (BK), up 0.6%. On the negative front, top decliners within the sector include Credit Suisse Group (CS), down 2.8%, Royal Bank of Scotland Group (The (RBS), down 2.0%, UBS (UBS), down 1.8%, Deutsche Bank (DB), down 1.4% and ING Groep N.V (ING), down 1.0%.TheStreet Ratings group would like to highlight 4 stocks pushing the sector higher today:4. Regions Financial Corporation (RF) is one of the companies pushing the Financial sector higher today. As of noon trading, Regions Financial Corporation is up $0.14 (1.8%) to $7.84 on light volume Thus far, 5.2 million shares of Regions Financial Corporation exchanged hands as compared to its average daily volume of 16.1 million shares. The stock has ranged in price between $7.65-$7.85 after having opened the day at $7.67 as compared to the previous trading day's close of $7.71. Regions Financial Corporation operates as the holding company for Regions Bank that provides a range of commercial, retail, and mortgage banking services in the United States. Regions Financial Corporation has a market cap of $10.8 billion and is part of the banking industry. The company has a P/E ratio of 10.1, below the S&P 500 P/E ratio of 17.7. Shares are up 7.3% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate Regions Financial Corporation a buy, 2 analysts rate it a sell, and 10 rate it a hold.TheStreet Ratings rates Regions Financial Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Regions Financial Corporation Ratings Report now.It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE
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