3 Financial Stocks Nudging 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.
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 190 points (1.1%) at 17,825 as of Thursday, March 12, 2015, 1:30 PM ET. The NYSE advances/declines ratio sits at 2,258 issues advancing vs. 752 declining with 137 unchanged.
The Financial sector currently sits up 0.8% versus the S&P 500, which is up 1.0%. Top gainers within the sector include
(
), up 4.4%,
Mitsubishi UFJ Financial Group
(
), up 3.5%,
(
), up 3.0%,
(
), up 3.1% and
(
), up 3.1%.
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, Wells Fargo is up $1.47 (2.7%) to $55.17 on heavy volume. Thus far, 15.1 million shares of Wells Fargo exchanged hands as compared to its average daily volume of 16.6 million shares. The stock has ranged in price between $54.20-$55.40 after having opened the day at $54.52 as compared to the previous trading day's close of $53.70.
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Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Wells Fargo has a market cap of $274.6 billion and is part of the banking industry. Shares are down 2.0% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts who rate Wells Fargo a buy, 1 analyst rates it a sell, and 10 rate it a hold.
TheStreet Ratings rates
Wells Fargo
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full
now.
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2. As of noon trading,
(
) is up $1.41 (2.7%) to $53.74 on heavy volume. Thus far, 33.9 million shares of Citigroup exchanged hands as compared to its average daily volume of 20.6 million shares. The stock has ranged in price between $53.64-$54.72 after having opened the day at $54.00 as compared to the previous trading day's close of $52.33.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. Citigroup has a market cap of $155.4 billion and is part of the banking industry. Shares are down 3.3% year-to-date as of the close of trading on Wednesday. Currently there are 16 analysts who rate Citigroup a buy, no analysts rate it a sell, and 2 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.
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1. As of noon trading,
(
) is up $0.68 (1.1%) to $60.92 on average volume. Thus far, 9.5 million shares of JPMorgan Chase exchanged hands as compared to its average daily volume of 18.5 million shares. The stock has ranged in price between $60.65-$61.43 after having opened the day at $60.65 as compared to the previous trading day's close of $60.24.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Management. JPMorgan Chase has a market cap of $223.5 billion and is part of the banking industry. Shares are down 3.7% year-to-date as of the close of trading on Wednesday. Currently there are 17 analysts who rate JPMorgan Chase a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
JPMorgan Chase
as a
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, increase in stock price during the past year, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
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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