3 Financial Stocks Driving The Sector Higher
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 124 points (-0.7%) at 18,164 as of Tuesday, March 3, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 944 issues advancing vs. 2,000 declining with 194 unchanged.
The Financial sector currently sits down 0.3% versus the S&P 500, which is down 0.8%. On the negative front, top decliners within the sector include
Royal Bank of Scotland Group (The
(
), down 2.0%,
(
), down 1.9%,
(
), down 1.7%,
Mitsubishi UFJ Financial Group
(
), down 1.7% and
(
), down 1.6%.
TheStreet would like to highlight 3 stocks pushing the sector higher today:
3.
(
) is one of the companies pushing the Financial sector higher today. As of noon trading, Springleaf Holdings is up $10.01 (26.3%) to $48.05 on heavy volume. Thus far, 3.3 million shares of Springleaf Holdings exchanged hands as compared to its average daily volume of 267,000 shares. The stock has ranged in price between $48.00-$52.48 after having opened the day at $48.98 as compared to the previous trading day's close of $38.04.
Springleaf Holdings, LLC, through its subsidiaries, offers consumer finance and credit insurance products and services. The company provides personal loans secured by automobiles, consumer household goods, and other items of personal property; and unsecured loans. Springleaf Holdings has a market cap of $4.4 billion and is part of the financial services industry. Shares are up 5.2% year-to-date as of the close of trading on Monday. Currently there are 4 analysts who rate Springleaf Holdings a buy, 1 analyst rates it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Springleaf Holdings
as a
. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and weak operating cash flow. Get the full
Springleaf Holdings Ratings Report
now.
2. As of noon trading,
(
) is up $0.07 (4.8%) to $1.54 on average volume. Thus far, 5.9 million shares of National Bank of Greece exchanged hands as compared to its average daily volume of 12.8 million shares. The stock has ranged in price between $1.49-$1.56 after having opened the day at $1.49 as compared to the previous trading day's close of $1.47.
National Bank of Greece S.A., together with its subsidiaries, offers diversified financial services primarily in Greece. The company is involved in retail and commercial banking, investment management, investment banking, insurance, investment activities, and securities trading activities. National Bank of Greece has a market cap of $5.5 billion and is part of the banking industry. Shares are down 17.9% year-to-date as of the close of trading on Monday. Currently there are no analysts who rate National Bank of Greece a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
National Bank of Greece
as a
. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself. Get the full
National Bank of Greece Ratings Report
now.
1. As of noon trading,
(
) is up $0.27 (0.5%) to $53.76 on average volume. Thus far, 11.5 million shares of Citigroup exchanged hands as compared to its average daily volume of 20.3 million shares. The stock has ranged in price between $53.43-$54.00 after having opened the day at $53.94 as compared to the previous trading day's close of $53.49.
Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions. Citigroup has a market cap of $159.0 billion and is part of the banking industry. Shares are down 1.1% year-to-date as of the close of trading on Monday. Currently there are 14 analysts who rate Citigroup a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Citigroup
as a
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full
now.
If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the financial sector could consider
(
) while those bearish on the financial sector could consider
(
).
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