NEW YORK ( TheStreet) - CNinsure ( CISG), IFM Investments ( CTC) and Noah Holdings ( NOAH) are non-banking financial stocks with potential to provide gains in the range of 33% to 58% based on analysts' consensus estimates of price targets.

In comparison, Goldman Sachs ( GS), American Express ( AXP), Morgan Stanley ( MS), American International Group ( AIG) and BlackRock ( BLK) are estimated to return between negative 25% and 18% over the next 12 months, according to analysts polled by Bloomberg.

Although CNinsure, IFM Investments and Noah Holdings have underperformed their U.S. peers during the last year, analysts expect them to rebound over the next one year.

On average, earning growth rates for the three companies of between 20% and 30% over the next 12 months are expected, while their U.S. counterparts could grow at 10% to 15%.

CNinsure and IFM Investments are trading at 1.7 and 1.9 times book, while Goldman Sachs and Morgan Stanley are trading at 0.95 and 1.3 times book.

The stocks are stacked in terms of percentage upside, higher to highest.

IFM Investments is a real estate services provider and the exclusive franchisor for the Century 21 brand in China. The company operates in three business segments: company-owned brokerage services, mortgage management services and franchise services.

During the third quarter of 2010, net revenue increased 19% quarter over quarter to $20.7 million, following the expansion of the company's store network. However, year-over-year revenue declined 23% owing to the nationwide slowdown in secondary property transaction volumes.

"Improved transaction volumes and our expanding network reach drove strong performance in the third quarter," said Donald Zhang, chairman and CEO of Century 21 China Real Estate, in a press statement. "While we anticipate that the current policy environment will continue to suppress transaction volumes for the remainder of 2010, we are confident in the fundamental health of China's real estate market and believe that our increasing presence in the key neighborhoods driving growth leave us well-positioned as transaction volumes trend back towards normalized levels."

China-based Noah Holdings provides wealth management solutions to high net worth individuals in the country.

In the third quarter of 2010, Noah Holdings' posted a 210% year-over-year increase in net revenue to $10.2 million, attributable to higher one-time commissions and increased recurring service fees.

The company's operating margin for the quarter stood at 42.5%, compared to 19% during the same quarter in the prior year. The year-over-year upturn in operating margin was due to improved net revenue and a decrease in salary expenses. Net income rose 520% year over year to $3.1 million during the September quarter.

Noah expects net income for fiscal 2010 in the range of $12.8 million and $13.2 million, representing a 139% to 146% year-over-year increase.

CNinsure is a China-based insurance intermediary company engaged in the distribution of property, casualty and life insurance products underwritten by domestic and foreign insurance companies operating in China. The company completed a follow-on offer in July 2010.

During the third quarter of 2010, net revenue increased 30% year over year to $58 million, driven by growth in the life insurance business. Net income surged 43% to $16.4 million.

Commenting on the financial results, Yinan Hu, chairman and CEO, said in a press statement, "Robust growth of our three existing business lines continued into the third quarter with the life insurance business and claims adjusting business growing 109.1% and 34.3% year over year, respectively. The overall commission rate from the property and casualty insurance business increased over the previous quarter, which led to a year-over-year growth of 6.7% in our property and casualty insurance business in the third quarter as compared to year-over-year decline of that in the second quarter. We believe there is still room for further improvement in our property and casualty insurance commission rate."

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