3 Financial Stocks Pushing Sector Growth

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

All three major indices are trading up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 86 points (0.5%) at 17,915 as of Tuesday, Nov. 3, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,603 issues advancing vs. 1,362 declining with 155 unchanged.

The Financial sector currently sits up 0.1% versus the S&P 500, which is up 0.2%. Top gainers within the sector include

Banco Santander Brasil SA/Brazil

(

BSBR

), up 5.0%,

Visa

(

V

), up 3.5%,

KB Financial Group

(

KB

), up 2.3%,

Royal Bank Of Canada

(

RY

), up 1.4% and

State Street

(

STT

), up 1.2%. On the negative front, top decliners within the sector include

Credit Suisse Group

(

CS

), down 2.9%,

ING Groep N.V

(

ING

), down 2.6%,

HCP

(

HCP

), down 2.2%,

Equinix

(

EQIX

), down 1.6% and

Welltower

(

HCN

), down 1.4%.

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

3.

Synchrony Financial

(

SYF

) is one of the companies pushing the Financial sector higher today. As of noon trading, Synchrony Financial is up $0.90 (2.9%) to $32.23 on heavy volume. Thus far, 7.9 million shares of Synchrony Financial exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $31.10-$32.23 after having opened the day at $31.10 as compared to the previous trading day's close of $31.33.

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Synchrony Financial operates as a consumer financial services company in the United States. Synchrony Financial has a market cap of $25.6 billion and is part of the financial services industry. Shares are up 5.3% year-to-date as of the close of trading on Monday. Currently there are 9 analysts who rate Synchrony Financial a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates

Synchrony Financial

as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and notable return on equity. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full

Synchrony Financial Ratings Report

now.

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2. As of noon trading,

Allstate

(

ALL

) is up $1.02 (1.6%) to $62.82 on heavy volume. Thus far, 2.8 million shares of Allstate exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $61.64-$62.98 after having opened the day at $62.85 as compared to the previous trading day's close of $61.80.

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The Allstate Corporation, through its subsidiaries, engages in the property-liability insurance and life insurance businesses in the United States and Canada. Allstate has a market cap of $24.8 billion and is part of the insurance industry. Shares are down 12.0% year-to-date as of the close of trading on Monday. Currently there are 12 analysts who rate Allstate a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates

Allstate

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full

Allstate Ratings Report

now.

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1. As of noon trading,

Prudential Financial

(

PRU

) is up $0.43 (0.5%) to $84.60 on light volume. Thus far, 949,909 shares of Prudential Financial exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $83.68-$84.83 after having opened the day at $83.99 as compared to the previous trading day's close of $84.17.

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Prudential Financial, Inc. provides insurance, investment management, and other financial products and services to individual and institutional customers in the United States and internationally. Prudential Financial has a market cap of $37.2 billion and is part of the insurance industry. Shares are down 7.0% year-to-date as of the close of trading on Monday. Currently there are 11 analysts who rate Prudential Financial a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates

Prudential Financial

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full

Prudential Financial 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

Financial Select Sector SPDR

(

XLF

) while those bearish on the financial sector could consider

Proshares Short Financials

(

SEF

).

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