4 Stocks Pushing The Financial Services Industry 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 Services industry currently sits down 0.2% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include Walter Investment Management ( WAC), down 9.2%, CIT Group ( CIT), down 1.4%, Blackstone Group ( BX), down 1.0%, Brookfield Asset Management ( BAM), down 0.8% and Nomura Holdings ( NMR), down 0.8%.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry higher today:

4. E*Trade Financial ( ETFC) is one of the companies pushing the Financial Services industry higher today. As of noon trading, E*Trade Financial is up $0.37 (4.4%) to $8.77 on average volume Thus far, 3.7 million shares of E*Trade Financial exchanged hands as compared to its average daily volume of 4.6 million shares. The stock has ranged in price between $8.65-$8.89 after having opened the day at $8.70 as compared to the previous trading day's close of $8.40.

E*TRADE Financial Corporation, a financial services company, provides online brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand in the United States. E*Trade Financial has a market cap of $2.4 billion and is part of the financial sector. The company has a P/E ratio of 36.9, above the S&P 500 P/E ratio of 17.7. Shares are up 6.7% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates E*Trade Financial a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates E*Trade Financial as a hold. Among the primary strengths of the company is its reasonable valuation levels, considering its current price compared to earnings, book value and other measures. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full E*Trade Financial Ratings Report now.

If you liked this article you might like

JPMorgan CEO Jamie Dimon's 'Embarrassment' Could Grow as Debt Debate Looms

Wells Fargo Board Took 'Strong Actions' to Improve Itself, Ex-SEC Chief Says

The Exact Level to Buy JPMorgan, Citigroup and Other Big Bank Stocks

14 Bank Stocks That Will Either Surge or Do Nothing