3 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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 28 points (-0.2%) at 13,217 as of Thursday, Dec. 13, 2012, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,125 issues advancing vs. 1,742 declining with 157 unchanged.

The Financial Services industry currently sits down 0.2% versus the S&P 500, which is down 0.3%. A company within the industry that increased today was Nomura Holdings ( NMR), up 1.6%.

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

3. Charles Schwab ( SCHW) is one of the companies pushing the Financial Services industry higher today. As of noon trading, Charles Schwab is up $0.10 (0.7%) to $13.77 on light volume Thus far, 2.5 million shares of Charles Schwab exchanged hands as compared to its average daily volume of 11.1 million shares. The stock has ranged in price between $13.63-$13.82 after having opened the day at $13.68 as compared to the previous trading day's close of $13.67.

The Charles Schwab Corporation, through its subsidiaries, provides securities brokerage, banking, and related financial services to individuals and institutional clients. Charles Schwab has a market cap of $17.4 billion and is part of the financial sector. The company has a P/E ratio of 20.4, above the S&P 500 P/E ratio of 17.7. Shares are up 21.4% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Charles Schwab a buy, 2 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Charles Schwab as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Charles Schwab Ratings Report now.

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