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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2. As of noon trading, Bank of New York Mellon ( BK) is up $0.18 (0.7%) to $24.71 on light volume Thus far, 2.4 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 6.7 million shares. The stock has ranged in price between $24.49-$24.75 after having opened the day at $24.52 as compared to the previous trading day's close of $24.53.

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 $28.6 billion and is part of the financial sector. The company has a P/E ratio of 12.7, below the S&P 500 P/E ratio of 17.7. Shares are up 23.0% year to date as of the close of trading on Wednesday. Currently there are 6 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, 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 Bank of New York Mellon Ratings Report now.

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1. As of noon trading, Goldman Sachs Group ( GS) is up $0.60 (0.5%) to $118.69 on light volume Thus far, 1.1 million shares of Goldman Sachs Group exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $117.59-$119.16 after having opened the day at $117.98 as compared to the previous trading day's close of $118.09.

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as a range of financial services to corporations, financial institutions, governments and high-net-worth individuals worldwide. Goldman Sachs Group has a market cap of $55.9 billion and is part of the financial sector. The company has a P/E ratio of 11.5, below the S&P 500 P/E ratio of 17.7. Shares are up 31.4% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Goldman Sachs Group a buy, 2 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Goldman Sachs Group 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, expanding profit margins and good cash flow from operations. 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 Goldman Sachs Group Ratings Report now.

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If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the financial services industry could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial services industry 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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