5 Financial Stocks Pushing Sector Growth

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 72 points (0.5%) at 14,749 as of Thursday, April 25, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,049 issues advancing vs. 833 declining with 158 unchanged.

The Financial sector currently sits up 0.4% versus the S&P 500, which is up 0.7%. Top gainers within the sector include CoreLogic ( CLGX), up 12.2%, American Tower ( AMT), up 3.9%, Lloyds Banking Group ( LYG), up 3.6%, Royal Bank of Scotland Group (The ( RBS), up 2.8% and Nomura Holdings ( NMR), up 2.6%. On the negative front, top decliners within the sector include Banco Santander ( SAN), down 1.77, and Orix Corporation ( IX), down 0.58.

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

5. American International Group ( AIG) is one of the companies pushing the Financial sector higher today. As of noon trading, American International Group is up $0.64 (1.54) to $42.24 on heavy volume Thus far, 15.7 million shares of American International Group exchanged hands as compared to its average daily volume of 17.0 million shares. The stock has ranged in price between $41.53-$42.66 after having opened the day at $41.74 as compared to the previous trading day's close of $41.60.

American International Group, Inc. engages in the provision of insurance products and services for the commercial, institutional, and individual customers in the United States and internationally. The company operates in three segments: Chartis, SunAmerica Financial Group, and Aircraft Leasing. American International Group has a market cap of $60.0 billion and is part of the insurance industry. The company has a P/E ratio of 9.1, below the S&P 500 P/E ratio of 17.7. Shares are up 15.1% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates American International Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, poor profit margins and feeble growth in the company's earnings per share. Get the full American International Group Ratings Report now.

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4. As of noon trading, Wells Fargo ( WFC) is up $0.34 (0.91) to $37.68 on light volume Thus far, 7.4 million shares of Wells Fargo exchanged hands as compared to its average daily volume of 22.8 million shares. The stock has ranged in price between $37.33-$37.80 after having opened the day at $37.47 as compared to the previous trading day's close of $37.34.

Wells Fargo & Company provides retail, commercial, and corporate banking services. Wells Fargo has a market cap of $195.8 billion and is part of the banking industry. The company has a P/E ratio of 10.5, below the S&P 500 P/E ratio of 17.7. Shares are up 9.2% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Wells Fargo as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Wells Fargo Ratings Report now.

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3. As of noon trading, JPMorgan Chase ( JPM) is up $0.74 (1.52) to $49.46 on light volume Thus far, 8.4 million shares of JPMorgan Chase exchanged hands as compared to its average daily volume of 24.0 million shares. The stock has ranged in price between $48.93-$49.63 after having opened the day at $49.02 as compared to the previous trading day's close of $48.72.

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. JPMorgan Chase has a market cap of $182.8 billion and is part of the banking industry. The company has a P/E ratio of 9.3, below the S&P 500 P/E ratio of 17.7. Shares are up 10.8% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates JPMorgan Chase as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels 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 JPMorgan Chase Ratings Report now.

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2. As of noon trading, Citigroup ( C) is up $0.34 (0.73) to $47.46 on light volume Thus far, 11.6 million shares of Citigroup exchanged hands as compared to its average daily volume of 31.2 million shares. The stock has ranged in price between $47.00-$47.63 after having opened the day at $47.19 as compared to the previous trading day's close of $47.12.

Citigroup, Inc., a diversified financial services holding company, provides a range of financial products and services to consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Citicorp and Citi Holdings. Citigroup has a market cap of $141.3 billion and is part of the banking industry. The company has a P/E ratio of 17.4, below the S&P 500 P/E ratio of 17.7. Shares are up 19.1% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Citigroup as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, solid stock price performance, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Citigroup Ratings Report now.

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1. As of noon trading, Bank of America Corporation ( BAC) is up $0.18 (1.42) to $12.48 on light volume Thus far, 57.2 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 154.6 million shares. The stock has ranged in price between $12.36-$12.50 after having opened the day at $12.39 as compared to the previous trading day's close of $12.31.

Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services for 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 $130.6 billion and is part of the banking industry. The company has a P/E ratio of 28.7, above the S&P 500 P/E ratio of 17.7. Shares are up 4.0% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Bank of America Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full Bank of America Corporation Ratings Report now.

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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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