3 Stocks Improving Performance Of The Financial Services Industry
Two out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading down 6 points (0.0%) at 17,753 as of Wednesday, Nov. 11, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,244 issues advancing vs. 1,682 declining with 165 unchanged.
The Financial Services industry currently sits down 0.2% versus the S&P 500, which is down 0.1%. Top gainers within the industry include
(
), up 2.0%,
(
), up 1.4%,
(
), up 1.2%,
(
), up 1.1% and
(
), up 0.9%. On the negative front, top decliners within the industry include
(
), down 4.4%,
(
), down 1.8%,
(
), down 1.2% and
(
), down 0.8%.
TheStreet would like to highlight 3 stocks pushing the industry higher today:
3.
(
) is one of the companies pushing the Financial Services industry higher today. As of noon trading, Voya Financial is up $0.44 (1.1%) to $42.05 on light volume. Thus far, 579,049 shares of Voya Financial exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $41.80-$42.45 after having opened the day at $42.45 as compared to the previous trading day's close of $41.61.
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Voya Financial, Inc. operates as a retirement, investment, and insurance company in the United States. The company has five segments: Retirement, Annuities, Investment Management, Individual Life, and Employee Benefits. Voya Financial has a market cap of $8.9 billion and is part of the financial sector. Shares are down 1.8% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts who rate Voya Financial a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Voya Financial
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and feeble growth in the company's earnings per share. Get the full
now.
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2. As of noon trading,
(
) is up $0.43 (1.3%) to $33.40 on average volume. Thus far, 1.5 million shares of Invesco exchanged hands as compared to its average daily volume of 3.9 million shares. The stock has ranged in price between $33.15-$33.62 after having opened the day at $33.52 as compared to the previous trading day's close of $32.97.
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Invesco Ltd. is a publicly owned investment manager. Invesco has a market cap of $14.2 billion and is part of the financial sector. Shares are down 16.6% year-to-date as of the close of trading on Tuesday. Currently there are 13 analysts who rate Invesco a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Invesco
as a
. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full
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.
1. As of noon trading,
(
) is up $0.36 (0.8%) to $43.99 on light volume. Thus far, 2.1 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 6.3 million shares. The stock has ranged in price between $43.69-$44.09 after having opened the day at $43.89 as compared to the previous trading day's close of $43.63.
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The Bank of New York Mellon Corporation, an investment company, provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. It operates through two segments, Investment Management and Investment Services. Bank of New York Mellon has a market cap of $47.7 billion and is part of the financial sector. Shares are up 7.5% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts who rate Bank of New York Mellon a buy, 1 analyst rates it a sell, and 4 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, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full
Bank of New York Mellon 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 services industry could consider
(
) while those bearish on the financial services industry could consider
(
).