Financial Services Stocks On The Rise With Help From 3 Stocks
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.
Two out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading up 2 points (0.0%) at 17,721 as of Thursday, March 26, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,110 issues advancing vs. 1,827 declining with 181 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 1.1%,
(
), up 0.9%,
(
), up 0.7% and
(
), up 0.6%. On the negative front, top decliners within the industry include
(
), down 4.0%,
(
), down 1.6%,
(
), down 1.5%,
(
), down 1.5% and
(
), down 1.4%.
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, State Street is up $0.46 (0.6%) to $73.73 on average volume. Thus far, 1.5 million shares of State Street exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $72.67-$74.07 after having opened the day at $73.07 as compared to the previous trading day's close of $73.27.
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State Street Corporation provides a range of financial products and services to institutional investors worldwide. State Street has a market cap of $30.8 billion and is part of the financial sector. Shares are down 6.7% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts who rate State Street a buy, 2 analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
State Street
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full
now.
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2. As of noon trading,
(
) is up $0.60 (2.0%) to $29.81 on average volume. Thus far, 3.9 million shares of Charles Schwab exchanged hands as compared to its average daily volume of 7.4 million shares. The stock has ranged in price between $29.03-$29.93 after having opened the day at $29.47 as compared to the previous trading day's close of $29.21.
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.
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 $39.1 billion and is part of the financial sector. Shares are down 3.2% year-to-date as of the close of trading on Wednesday. Currently there are 5 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, increase in net income, good cash flow from operations and expanding profit margins. 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.
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 $0.27 (0.7%) to $39.79 on average volume. Thus far, 2.4 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 6.1 million shares. The stock has ranged in price between $39.20-$39.88 after having opened the day at $39.41 as compared to the previous trading day's close of $39.52.
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.
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 $44.7 billion and is part of the financial sector. Shares are down 2.6% year-to-date as of the close of trading on Wednesday. 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, reasonable valuation levels, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. 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
(
).
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