3 Stocks Driving The Financial Sector Higher
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 68 points (-0.4%) at 17,730 as of Monday, Nov. 30, 2015, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,462 issues advancing vs. 1,508 declining with 167 unchanged.
The Financial sector currently is unchanged today versus the S&P 500, which is down 0.3%. Top gainers within the sector include
(
), up 0.6%,
(
), up 0.6%,
(
), up 0.7% and
(
), up 0.6%. On the negative front, top decliners within the sector include
(
), down 3.2%,
(
), down 2.5%,
Banco Santander Brasil SA/Brazil
(
), down 2.6%,
(
), down 2.3% and
(
), down 1.9%.
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, Franklin Resources is up $0.26 (0.6%) to $41.84 on light volume. Thus far, 762,476 shares of Franklin Resources exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $41.61-$41.90 after having opened the day at $41.68 as compared to the previous trading day's close of $41.58.
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Franklin Resources, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. Franklin Resources has a market cap of $25.1 billion and is part of the financial services industry. Shares are down 24.9% year-to-date as of the close of trading on Friday. Currently there is 1 analyst who rates Franklin Resources a buy, no analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Franklin Resources
as a
. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. 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 weak operating cash flow. Get the full
Franklin Resources Ratings Report
now.
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2. As of noon trading,
(
) is up $4.94 (1.4%) to $363.33 on light volume. Thus far, 178,904 shares of BlackRock exchanged hands as compared to its average daily volume of 791,300 shares. The stock has ranged in price between $358.34-$363.33 after having opened the day at $359.01 as compared to the previous trading day's close of $358.39.
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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 0.2% year-to-date as of the close of trading on Friday. 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
. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, reasonable valuation levels and increase in stock price during the past year. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full
now.
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1. As of noon trading,
(
) is up $0.35 (1.1%) to $31.70 on average volume. Thus far, 4.7 million shares of Synchrony Financial exchanged hands as compared to its average daily volume of 11.5 million shares. The stock has ranged in price between $31.43-$31.71 after having opened the day at $31.60 as compared to the previous trading day's close of $31.35.
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Synchrony Financial operates as a consumer financial services company in the United States. Synchrony Financial has a market cap of $26.3 billion and is part of the financial services industry. Shares are up 5.4% year-to-date as of the close of trading on Friday. Currently there are 11 analysts who rate Synchrony Financial a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Synchrony Financial
as a
. 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.
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
(
).