3 Financial Services Stocks On The Rise

TheStreet highlights 3 stocks pushing the financial services industry higher today.
By TheStreet Wire ,

All three major indices are trading down today with the

Dow Jones Industrial Average

(

^DJI

) trading down 24 points (-0.1%) at 18,483 as of Friday, July 15, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,378 issues advancing vs. 1,527 declining with 156 unchanged.

The Financial Services industry currently sits up 0.2% versus the S&P 500, which is down 0.3%. Top gainers within the industry include

Nomura Holdings

(

NMR

), up 3.9%,

Carlyle Group

(

CG

), up 2.1%,

Oaktree Capital Group

(

OAK

), up 1.3% and

ORIX

(

IX

), up 1.3%. A company within the industry that fell today was

Discover Financial Services

(

DFS

), up 0.6%.

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

3.

Credit Acceptance

(

CACC

) is one of the companies pushing the Financial Services industry higher today. As of noon trading, Credit Acceptance is up $4.81 (2.5%) to $198.14 on light volume. Thus far, 67,882 shares of Credit Acceptance exchanged hands as compared to its average daily volume of 215,100 shares. The stock has ranged in price between $192.38-$198.64 after having opened the day at $193.91 as compared to the previous trading day's close of $193.33.

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Credit Acceptance Corp. provides automobile dealers financing programs, and related products and services. Credit Acceptance has a market cap of $3.9 billion and is part of the financial sector. Shares are down 9.7% year-to-date as of the close of trading on Thursday. Currently there are no analysts who rate Credit Acceptance a buy, 3 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates

Credit Acceptance

as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full

Credit Acceptance Ratings Report

now.

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2. As of noon trading,

Invesco

(

IVZ

) is up $0.22 (0.8%) to $27.38 on average volume. Thus far, 1.8 million shares of Invesco exchanged hands as compared to its average daily volume of 4.7 million shares. The stock has ranged in price between $27.16-$27.54 after having opened the day at $27.39 as compared to the previous trading day's close of $27.16.

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Invesco Ltd. is a publicly owned investment manager. Invesco has a market cap of $11.1 billion and is part of the financial sector. Shares are down 18.9% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts who rate Invesco a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates

Invesco

as a

hold

. The company's strongest point has been its very decent return on equity which we feel should persist. At the same time, however, we also find weaknesses including poor profit margins, weak operating cash flow and a generally disappointing performance in the stock itself. Get the full

Invesco Ratings Report

now.

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1. As of noon trading,

State Street

(

STT

) is up $0.65 (1.2%) to $56.87 on heavy volume. Thus far, 2.1 million shares of State Street exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $55.88-$57.00 after having opened the day at $56.62 as compared to the previous trading day's close of $56.22.

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State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. State Street has a market cap of $21.7 billion and is part of the financial sector. Shares are down 15.3% year-to-date as of the close of trading on Thursday. Currently there are 5 analysts who rate State Street a buy, 3 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates

State Street

as a

hold

. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. Get the full

State Street Ratings Report

now.

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If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the financial services industry could consider

Financial Select Sector SPDR

(

XLF

) while those bearish on the financial services industry could consider

Proshares Short Financials

(

SEF

).

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