3 Stocks Boosting The Financial 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 48 points (0.3%) at 18,145 as of Thursday, March 5, 2015, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,642 issues advancing vs. 1,262 declining with 201 unchanged.
The Financial sector currently sits up 0.2% versus the S&P 500, which is up 0.2%. Top gainers within the sector include
(
), up 5.6%,
(
), up 5.3%,
(
), up 2.5%,
Mitsubishi UFJ Financial Group
(
), up 1.6% and
(
), up 1.7%. On the negative front, top decliners within the sector include
(
), down 3.8%, and
(
), down 0.5%.
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, Morgan Stanley is up $0.20 (0.6%) to $35.29 on light volume. Thus far, 3.3 million shares of Morgan Stanley exchanged hands as compared to its average daily volume of 10.7 million shares. The stock has ranged in price between $34.96-$35.50 after having opened the day at $35.24 as compared to the previous trading day's close of $35.09.
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. Morgan Stanley has a market cap of $70.8 billion and is part of the financial services industry. Shares are down 9.6% year-to-date as of the close of trading on Wednesday. Currently there are 6 analysts who rate Morgan Stanley a buy, no analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Morgan Stanley
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, reasonable valuation levels, impressive record of earnings per share growth and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full
now.
2. As of noon trading,
(
) is up $0.45 (0.6%) to $81.08 on light volume. Thus far, 2.5 million shares of American Express exchanged hands as compared to its average daily volume of 7.1 million shares. The stock has ranged in price between $80.64-$81.40 after having opened the day at $80.68 as compared to the previous trading day's close of $80.63.
American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. The company operates through four segments: U.S. American Express has a market cap of $83.5 billion and is part of the financial services industry. Shares are down 13.3% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts who rate American Express a buy, 3 analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
American Express
as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
American Express Ratings Report
now.
1. As of noon trading,
(
) is up $0.15 (0.9%) to $15.99 on light volume. Thus far, 29.0 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 96.5 million shares. The stock has ranged in price between $15.74-$16.03 after having opened the day at $15.92 as compared to the previous trading day's close of $15.84.
Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, corporations, and governments in the United States and internationally. Bank of America Corporation has a market cap of $168.7 billion and is part of the banking industry. Shares are down 11.5% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts who rate Bank of America Corporation a buy, 2 analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Bank of America Corporation
as a
. Among the primary strengths of the company is its expanding profit margins over time. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
Bank of America Corporation Ratings Report
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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