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 104 points (0.6%) at 17,836 as of Friday, Nov. 20, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,952 issues advancing vs. 981 declining with 162 unchanged.

The Financial sector currently sits up 0.4% versus the S&P 500, which is up 0.6%. Top gainers within the sector include

Credit Acceptance

(

CACC

), up 4.7%,

Banco Santander Brasil SA/Brazil

(

BSBR

), up 2.9%,

Ally Financial

(

ALLY

), up 2.7%,

CBRE Group

(

CBG

), up 2.2% and

Ventas

(

VTR

), up 2.0%. On the negative front, top decliners within the sector include

National Bank of Greece

(

NBG

), down 29.5%,

Lloyds Banking Group

(

LYG

), down 2.8%,

Royal Bank of Scotland Group (The

(

RBS

), down 2.3%,

Nomura Holdings

(

NMR

), down 0.9% and

Canadian Imperial Bank of Commerce

(

CM

), down 0.7%.

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

3.

BlackRock

(

BLK

) is one of the companies pushing the Financial sector higher today. As of noon trading, BlackRock is up $3.94 (1.1%) to $363.03 on light volume. Thus far, 151,976 shares of BlackRock exchanged hands as compared to its average daily volume of 843,800 shares. The stock has ranged in price between $361.07-$363.57 after having opened the day at $362.00 as compared to the previous trading day's close of $359.09.

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BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors. BlackRock has a market cap of $59.1 billion and is part of the financial services industry. Shares are up 0.4% year-to-date as of the close of trading on Thursday. Currently there are 11 analysts who rate BlackRock a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates

BlackRock

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations and reasonable valuation levels. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full

BlackRock Ratings Report

now.

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2. As of noon trading,

Charles Schwab

(

SCHW

) is up $0.29 (0.9%) to $33.33 on light volume. Thus far, 2.7 million shares of Charles Schwab exchanged hands as compared to its average daily volume of 11.2 million shares. The stock has ranged in price between $33.16-$33.43 after having opened the day at $33.25 as compared to the previous trading day's close of $33.04.

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The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, money management, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. Charles Schwab has a market cap of $44.0 billion and is part of the financial services industry. Shares are up 9.4% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts who rate Charles Schwab a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates

Charles Schwab

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, growth in earnings per share, increase in net income and good cash flow from operations. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full

Charles Schwab Ratings Report

now.

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1. As of noon trading,

American International Group

(

AIG

) is up $0.32 (0.5%) to $62.30 on light volume. Thus far, 2.3 million shares of American International Group exchanged hands as compared to its average daily volume of 8.7 million shares. The stock has ranged in price between $62.06-$62.55 after having opened the day at $62.24 as compared to the previous trading day's close of $61.98.

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American International Group, Inc. provides insurance products and services for commercial, institutional, and individual customers in the United States, the Asia Pacific, and internationally. American International Group has a market cap of $76.6 billion and is part of the insurance industry. Shares are up 10.7% year-to-date as of the close of trading on Thursday. Currently there are 5 analysts who rate American International Group a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates

American International Group

as a

hold

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full

American International Group 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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