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 down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 191 points (-1.1%) at 17,944 as of Friday, March 6, 2015, 12:00 PM ET. The NYSE advances/declines ratio sits at 450 issues advancing vs. 2,590 declining with 113 unchanged.
The Financial sector currently sits down 0.6% versus the S&P 500, which is down 1.1%. Top gainers within the sector include
(
), up 4.4%,
(
), up 3.3%,
(
), up 2.9%,
(
), up 1.9% and
(
), up 2.2%. On the negative front, top decliners within the sector include
(
), down 5.4%,
(
), down 4.7%,
(
), down 4.8%,
(
), down 4.5% and
(
), down 4.3%.
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, Charles Schwab is up $1.08 (3.6%) to $31.28 on heavy volume. Thus far, 6.7 million shares of Charles Schwab exchanged hands as compared to its average daily volume of 7.1 million shares. The stock has ranged in price between $30.56-$31.73 after having opened the day at $30.63 as compared to the previous trading day's close of $30.21.
The Charles Schwab Corporation, through its subsidiaries, provides 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 $39.2 billion and is part of the financial services industry. Shares are up 0.1% year-to-date as of the close of trading on Thursday. Currently there are 4 analysts who rate Charles Schwab a buy, 2 analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Charles Schwab
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, good cash flow from operations, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full
now.
2. As of noon trading,
(
) is up $0.38 (1.0%) to $39.57 on average volume. Thus far, 3.8 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $39.02-$40.44 after having opened the day at $39.02 as compared to the previous trading day's close of $39.19.
The Bank of New York Mellon Corporation provides various financial products and services in the United States and internationally. Its Investment Management segment provides institutional, intermediary, retirement and retail investment management, distribution, and related services. Bank of New York Mellon has a market cap of $43.9 billion and is part of the financial services industry. Shares are down 3.4% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts who rate Bank of New York Mellon a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Bank of New York Mellon
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, compelling growth in net income 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 New York Mellon Ratings Report
now.
1. As of noon trading,
(
) is up $0.38 (0.7%) to $55.99 on average volume. Thus far, 4.0 million shares of American International Group exchanged hands as compared to its average daily volume of 9.0 million shares. The stock has ranged in price between $55.59-$56.44 after having opened the day at $55.63 as compared to the previous trading day's close of $55.61.
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 $76.0 billion and is part of the insurance industry. Shares are down 0.7% year-to-date as of the close of trading on Thursday. Currently there are 9 analysts who rate American International Group a buy, no analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
American International Group
as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full
American International Group 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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