3 Stocks Driving The Financial Services Industry Higher
All three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 44 points (0.3%) at 17,560 as of Monday, March 28, 2016, 1:00 PM ET. The NYSE advances/declines ratio sits at 1,693 issues advancing vs. 1,250 declining with 166 unchanged.
The Financial Services industry currently is unchanged today versus the S&P 500, which is up 0.2%. Top gainers within the industry include
(
), up 2.6%,
(
), up 1.8%,
(
TheStreet Recommends
), up 1.3%,
(
), up 1.6% and
(
), up 1.2%. On the negative front, top decliners within the industry include
(
), down 7.8%,
(
), down 6.0%,
(
), down 2.7%,
(
), down 2.3% and
(
), down 2.2%.
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, Ameriprise Financial is up $0.74 (0.8%) to $92.72 on light volume. Thus far, 516,601 shares of Ameriprise Financial exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $91.44-$92.84 after having opened the day at $92.32 as compared to the previous trading day's close of $91.98.
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Ameriprise Financial, Inc., through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. Ameriprise Financial has a market cap of $15.5 billion and is part of the financial sector. Shares are down 13.6% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts who rate Ameriprise Financial a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Ameriprise Financial
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
Ameriprise Financial Ratings Report
now.
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2. As of noon trading,
(
) is up $2.04 (0.6%) to $336.32 on light volume. Thus far, 187,645 shares of BlackRock exchanged hands as compared to its average daily volume of 918,500 shares. The stock has ranged in price between $334.21-$336.61 after having opened the day at $336.00 as compared to the previous trading day's close of $334.28.
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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 $55.5 billion and is part of the financial sector. Shares are down 1.8% year-to-date as of the close of trading on Thursday. 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, increase in net income, expanding profit margins, growth in earnings per share and reasonable valuation levels. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
now.
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1. As of noon trading,
(
) is up $1.19 (0.8%) to $154.19 on light volume. Thus far, 1.0 million shares of Goldman Sachs Group exchanged hands as compared to its average daily volume of 5.1 million shares. The stock has ranged in price between $152.38-$154.64 after having opened the day at $153.25 as compared to the previous trading day's close of $153.00.
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The Goldman Sachs Group, Inc. operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. Goldman Sachs Group has a market cap of $64.6 billion and is part of the financial sector. Shares are down 15.1% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts who rate Goldman Sachs Group a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Goldman Sachs Group
as a
. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full
Goldman Sachs Group 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
(
).
