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4 Stocks Boosting The Financial Sector Higher

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 66 points (0.4%) at 14,999 as of Wednesday, July 3, 2013, 12:51 PM ET. The NYSE advances/declines ratio sits at 1,256 issues advancing vs. 1,690 declining with 89 unchanged.

The Financial sector currently sits down 0.1% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Mitsubishi UFJ Financial Group ( MTU), up 1.6%, SunTrust Banks ( STI), up 1.1%, CME Group ( CME), up 0.9%, Visa ( V), up 0.9% and Travelers Companies ( TRV), up 0.8%. On the negative front, top decliners within the sector include HCP ( HCP), down 2.4%, KB Financial Group ( KB), down 2.2%, Simon Property Group ( SPG), down 2.2%, American Capital Agency ( AGNC), down 2.0% and Shinhan Financial Group ( SHG), down 1.7%.

TheStreet would like to highlight 4 stocks pushing the sector higher today:

4. Lloyds Banking Group ( LYG) is one of the companies pushing the Financial sector higher today. As of noon trading, Lloyds Banking Group is up $0.05 (1.3%) to $3.88 on average volume. Thus far, 1.2 million shares of Lloyds Banking Group exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $3.82-$3.88 after having opened the day at $3.83 as compared to the previous trading day's close of $3.83.

Lloyds Banking Group plc provides banking and financial services to personal, commercial, and corporate customers in the United Kingdom and internationally. The company operates in four divisions: Retail; Commercial Banking; Wealth, Asset Finance, and International; and Insurance. Lloyds Banking Group has a market cap of $69.3 billion and is part of the banking industry. Shares are up 19.4% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Lloyds Banking Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Lloyds Banking Group as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Lloyds Banking Group Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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Chart of I:DJI
DOW 16,776.43 +304.06 1.85%
S&P 500 1,987.05 +35.69 1.83%
NASDAQ 4,781.2640 +73.4890 1.56%

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