3 Stocks Pushing The Financial Sector Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 10 points (-0.1%) at 13,082 as of Monday, Nov. 5, 2012, 1:34 PM ET. The NYSE advances/declines ratio sits at 1,351 issues advancing vs. 1,574 declining with 129 unchanged.

The Financial sector currently sits down 0.1% versus the S&P 500, which is down 0.1%. Top gainers within the sector include IntercontinentalExchange ( ICE), up 2.5%, Charles Schwab ( SCHW), up 1.3% and Bank of New York Mellon ( BK), up 1.4%. On the negative front, top decliners within the sector include Nationstar Mortgage Holdings ( NSM), down 8.7%, Ocwen Financial Corporation ( OCN), down 6.7%, Altisource Portfolio Solutions ( ASPS), down 4.6%, BB&T ( BBT), down 2.2% and PNC Financial Services Group ( PNC), down 1.9%.

TheStreet Ratings group would like to highlight 3 stocks pushing the sector higher today:

3. UBS ( UBS) is one of the companies pushing the Financial sector higher today. As of noon trading, UBS is up -$0.04 (0.3%) to $15.11 on average volume Thus far, 2.5 million shares of UBS exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $15.09-$15.31 after having opened the day at $15.22 as compared to the previous trading day's close of $15.15.

UBS AG, a financial services firm, provides wealth management, asset management, and investment banking products and services to private, corporate, and institutional clients worldwide. The company is also involved in retail and commercial banking in Switzerland. UBS has a market cap of $59.7 billion and is part of the banking industry. The company has a P/E ratio of 14.4, below the S&P 500 P/E ratio of 17.7. Shares are up 28.1% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate UBS a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates UBS as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, poor profit margins and weak operating cash flow. Get the full UBS Ratings Report now.

2. As of noon trading, State Street ( STT) is up $0.94 (2.1%) to $45.66 on light volume Thus far, 2.0 million shares of State Street exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $45.05-$45.67 after having opened the day at $45.23 as compared to the previous trading day's close of $44.72.

State Street Corporation, a financial holding company, provides various financial products and services to institutional investors worldwide. State Street has a market cap of $21.6 billion and is part of the banking industry. The company has a P/E ratio of 12.2, below the S&P 500 P/E ratio of 17.7. Shares are up 11.8% year to date as of the close of trading on Friday. Currently there are 15 analysts that rate State Street a buy, 3 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates State Street as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, attractive valuation levels, expanding profit margins and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full State Street Ratings Report now.

1. As of noon trading, American International Group ( AIG) is up $0.18 (0.6%) to $32.86 on light volume Thus far, 15.6 million shares of American International Group exchanged hands as compared to its average daily volume of 25.8 million shares. The stock has ranged in price between $32.29-$33.23 after having opened the day at $32.90 as compared to the previous trading day's close of $32.68.

American International Group, Inc. engages in the provision of insurance products and services for the commercial, institutional, and individual customers in the United States and internationally. The company operates in three segments: Chartis, SunAmerica Financial Group, and Aircraft Leasing. American International Group has a market cap of $57.4 billion and is part of the insurance industry. The company has a P/E ratio of 2.3, below the S&P 500 P/E ratio of 17.7. Shares are up 51.7% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate American International Group a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates American International Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, poor profit margins and feeble growth in the company's earnings per share. Get the full American International Group Ratings Report now.

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 Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).

A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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