5 Stocks Pushing The Financial Sector Higher

TheStreet Ratings group would like to highlight 5 stocks pushing the financial sector higher today, Nov. 13, 2012.

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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 52 points (0.4%) at 12,867 as of Tuesday, Nov. 13, 2012, 11:54 AM ET. The NYSE advances/declines ratio sits at 1,426 issues advancing vs. 1,481 declining with 120 unchanged.

The Financial sector currently sits down 0.1% versus the S&P 500, which is up 0.5%. Top gainers within the sector include Lloyds Banking Group ( LYG), up 3.0%, Banco Santander ( SAN), up 3.0%, Deutsche Bank ( DB), up 1.5%, Ameriprise Financial ( AMP), up 1.4% and T. Rowe Price Group ( TROW), up 1.4%. On the negative front, top decliners within the sector include National Bank of Greece ( NBG), down 7.3%, LPL Financial Holdings ( LPLA), down 5.0%, Annaly Capital Management ( NLY), down 5.1% and American International Group ( AIG), down 0.6%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:

5. Bank of New York Mellon ( BK) is one of the companies pushing the Financial sector higher today. As of noon trading, Bank of New York Mellon is up $0.15 (0.6%) to $24.22 on light volume Thus far, 2.3 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 6.3 million shares. The stock has ranged in price between $23.86-$24.29 after having opened the day at $24.02 as compared to the previous trading day's close of $24.07.

The Bank of New York Mellon Corporation, a financial services company, provides various products and services worldwide. The company offers a range of equity, fixed income, cash, and alternative/overlay products, as well as distributes investment management products. Bank of New York Mellon has a market cap of $28.2 billion and is part of the financial services industry. The company has a P/E ratio of 12.5, below the S&P 500 P/E ratio of 17.7. Shares are up 21.1% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Bank of New York Mellon a buy, 2 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Bank of New York Mellon as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels, expanding profit margins, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Bank of New York Mellon Ratings Report now.

4. As of noon trading, Discover Financial Services ( DFS) is up $0.48 (1.2%) to $41.64 on average volume Thus far, 1.5 million shares of Discover Financial Services exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $40.68-$41.70 after having opened the day at $40.90 as compared to the previous trading day's close of $41.16.

Discover Financial Services, a bank holding company, offers direct banking and payment services in the United States. It operates in two segments, Direct Banking and Payment Services. Discover Financial Services has a market cap of $20.7 billion and is part of the financial services industry. The company has a P/E ratio of 9.5, below the S&P 500 P/E ratio of 17.7. Shares are up 71.2% year to date as of the close of trading on Monday. Currently there are 13 analysts that rate Discover Financial Services a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Discover Financial Services as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, good cash flow from operations, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Discover Financial Services Ratings Report now.

3. As of noon trading, U.S. Bancorp ( USB) is up $0.10 (0.3%) to $32.16 on average volume Thus far, 3.6 million shares of U.S. Bancorp exchanged hands as compared to its average daily volume of 8.6 million shares. The stock has ranged in price between $31.64-$32.31 after having opened the day at $31.84 as compared to the previous trading day's close of $32.06.

U.S. Bancorp, a financial services holding company, provides various banking and financial services in the United States. The company offers depository services, such as checking accounts, savings accounts, and time certificate contracts. U.S. Bancorp has a market cap of $60.4 billion and is part of the banking industry. The company has a P/E ratio of 11.4, below the S&P 500 P/E ratio of 17.7. Shares are up 18.7% year to date as of the close of trading on Monday. Currently there are 13 analysts that rate U.S. Bancorp a buy, 1 analyst rates it a sell, and 14 rate it a hold.

TheStreet Ratings rates U.S. Bancorp as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full U.S. Bancorp Ratings Report now.

2. As of noon trading, Berkshire Hathaway ( BRK.B) is up $0.73 (0.9%) to $86.00 on light volume Thus far, 1.5 million shares of Berkshire Hathaway exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $84.75-$86.50 after having opened the day at $84.83 as compared to the previous trading day's close of $85.27.

Berkshire Hathaway, Inc. is a publicly owned investment manager. Through its subsidiaries, the firm primarily engages in the insurance and reinsurance of property and casualty risks business. Berkshire Hathaway was founded in 1889 and is based in Omaha, Nebraska. Berkshire Hathaway has a market cap of $93.7 billion and is part of the insurance industry. The company has a P/E ratio of 15.8, below the S&P 500 P/E ratio of 17.7. Shares are up 11.6% year to date as of the close of trading on Monday.

TheStreet Ratings rates Berkshire Hathaway as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Berkshire Hathaway Ratings Report now.

1. As of noon trading, Bank of America Corporation ( BAC) is up $0.10 (1.0%) to $9.49 on average volume Thus far, 60.3 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 145.7 million shares. The stock has ranged in price between $9.28-$9.55 after having opened the day at $9.31 as compared to the previous trading day's close of $9.39.

Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services to individual consumers, small-and middle-market businesses, institutional investors, corporations, and governments in the United States and internationally. Bank of America Corporation has a market cap of $101.6 billion and is part of the banking industry. The company has a P/E ratio of 13.7, below the S&P 500 P/E ratio of 17.7. Shares are up 69.6% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate Bank of America Corporation a buy, 2 analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates Bank of America Corporation as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and generally higher debt management risk. Get the full Bank of America Corporation Ratings Report now.

If you are interested in one of these 5 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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