5 Stocks Raising 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 36 points (0.3%) at 14,562 as of Thursday, March 28, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,626 issues advancing vs. 1,256 declining with 162 unchanged.

The Financial Services industry currently sits up 0.1% versus the S&P 500, which is up 0.2%. Top gainers within the industry include Western Union Company ( WU), up 0.8%, Affiliated Managers Group ( AMG), up 0.7% and TD Ameritrade Holding Corporation ( AMTD), up 0.5%. On the negative front, top decliners within the industry include Orix Corporation ( IX), down 1.4%, and Nomura Holdings ( NMR), down 1.3%.

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

5. Ameriprise Financial ( AMP) is one of the companies pushing the Financial Services industry higher today. As of noon trading, Ameriprise Financial is up $0.46 (0.6%) to $73.52 on average volume Thus far, 765,847 shares of Ameriprise Financial exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $72.85-$73.82 after having opened the day at $72.89 as compared to the previous trading day's close of $73.05.

Ameriprise Financial, Inc., through its subsidiaries, provides a range of financial products and services in the United States and internationally. Ameriprise Financial has a market cap of $14.9 billion and is part of the financial sector. The company has a P/E ratio of 15.9, below the S&P 500 P/E ratio of 17.7. Shares are up 16.6% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Ameriprise Financial a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Ameriprise Financial as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, 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 Ameriprise Financial Ratings Report now.

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