3 Financial Stocks Moving The Sector Upward
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 29 points (-0.2%) at 17,702 as of Tuesday, Nov. 10, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,315 issues advancing vs. 1,646 declining with 122 unchanged.
The Financial sector currently sits down 0.1% versus the S&P 500, which is down 0.3%. Top gainers within the sector include
(
), up 3.6%,
(
), up 2.6%,
(
), up 2.3%,
(
), up 2.2% and
(
), up 2.2%. On the negative front, top decliners within the sector include
(
), down 7.3%,
(
), down 3.9%,
(
), down 3.8%,
(
), down 3.1% and
Santander Consumer USA Holdings
(
), down 2.8%.
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, Travelers Companies is up $1.07 (0.9%) to $113.90 on light volume. Thus far, 447,391 shares of Travelers Companies exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $112.47-$114.02 after having opened the day at $112.47 as compared to the previous trading day's close of $112.83.
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The Travelers Companies, Inc., through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the Unites states and internationally. Travelers Companies has a market cap of $34.4 billion and is part of the insurance industry. Shares are up 6.6% year-to-date as of the close of trading on Monday. Currently there are 6 analysts who rate Travelers Companies a buy, 1 analyst rates it a sell, and 11 rate it a hold.
TheStreet Ratings rates
Travelers Companies
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full
Travelers Companies Ratings Report
now.
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2. As of noon trading,
(
) is up $0.63 (0.6%) to $113.15 on light volume. Thus far, 361,423 shares of ACE exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $112.37-$113.47 after having opened the day at $112.46 as compared to the previous trading day's close of $112.52.
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ACE Limited, through its subsidiaries, provides a range of property and casualty insurance and reinsurance products worldwide. ACE has a market cap of $36.6 billion and is part of the insurance industry. Shares are down 2.0% year-to-date as of the close of trading on Monday. Currently there are 11 analysts who rate ACE a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
ACE
as a
. The company's strongest point has been its very decent return on equity which we feel should persist. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
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1. As of noon trading,
(
) is up $0.15 (0.8%) to $17.83 on light volume. Thus far, 29.2 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 88.9 million shares. The stock has ranged in price between $17.56-$17.90 after having opened the day at $17.63 as compared to the previous trading day's close of $17.68.
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Bank of America Corporation is a bank holding company. The company, through its subsidiaries, operates through Consumer and Business Banking; Consumer Real Estate Services; Global Wealth and Investment Management; Global Banking; Global Markets; and Other segments. Bank of America Corporation has a market cap of $186.9 billion and is part of the banking industry. Shares are down 1.2% year-to-date as of the close of trading on Monday. Currently there are 14 analysts who rate Bank of America Corporation a buy, 1 analyst rates it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Bank of America Corporation
as a
. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, attractive valuation levels, good cash flow from operations, impressive record of earnings per share growth 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
Bank of America Corporation 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 sector could consider
(
) while those bearish on the financial sector could consider
(
).