5 Stocks Driving The Financial Sector 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 3 points (0.0%) at 14,977 as of Monday, May 6, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,675 issues advancing vs. 1,221 declining with 157 unchanged.

The Financial sector currently sits up 0.6% versus the S&P 500, which is up 0.2%. Top gainers within the sector include MBIA ( MBI), up 35.6%, Icahn ( IEP), up 4.4%, Blackstone Group ( BX), up 3.0%, Morgan Stanley ( MS), up 2.6% and BlackRock ( BLK), up 1.2%. A company within the sector that fell today was MasterCard Incorporated ( MA), up 1.01.

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

5. Goldman Sachs Group ( GS) is one of the companies pushing the Financial sector higher today. As of noon trading, Goldman Sachs Group is up $3.56 (2.45) to $148.93 on average volume Thus far, 2.5 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 $145.64-$149.54 after having opened the day at $145.92 as compared to the previous trading day's close of $145.37.

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Goldman Sachs Group has a market cap of $66.2 billion and is part of the financial services industry. The company has a P/E ratio of 9.9, below the S&P 500 P/E ratio of 17.7. Shares are up 14.0% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Goldman Sachs Group a buy, 1 analyst rates it a sell, and 15 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 solid stock price performance, growth in earnings per share, increase in net income, attractive valuation levels 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 Goldman Sachs Group Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

4. As of noon trading, American International Group ( AIG) is up $0.88 (1.98) to $45.40 on average volume Thus far, 12.3 million shares of American International Group exchanged hands as compared to its average daily volume of 17.2 million shares. The stock has ranged in price between $44.04-$45.68 after having opened the day at $44.65 as compared to the previous trading day's close of $44.52.

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 $62.2 billion and is part of the insurance 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 26.1% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate American International Group a buy, no analysts rate it a sell, and 9 rate it a hold.

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.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

3. As of noon trading, JPMorgan Chase ( JPM) is up $0.64 (1.35) to $48.21 on average volume Thus far, 11.5 million shares of JPMorgan Chase exchanged hands as compared to its average daily volume of 23.4 million shares. The stock has ranged in price between $47.57-$48.39 after having opened the day at $47.71 as compared to the previous trading day's close of $47.57.

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. JPMorgan Chase has a market cap of $182.4 billion and is part of the banking industry. The company has a P/E ratio of 9.2, below the S&P 500 P/E ratio of 17.7. Shares are up 8.2% year to date as of the close of trading on Friday. Currently there are 22 analysts that rate JPMorgan Chase a buy, 1 analyst rates it a sell, and 3 rate it a hold.

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.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

2. As of noon trading, Citigroup ( C) is up $0.76 (1.62) to $47.73 on average volume Thus far, 13.3 million shares of Citigroup exchanged hands as compared to its average daily volume of 30.3 million shares. The stock has ranged in price between $46.89-$47.76 after having opened the day at $46.92 as compared to the previous trading day's close of $46.97.

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 $141.6 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 18.7% year to date as of the close of trading on Friday. Currently there are 19 analysts that rate Citigroup a buy, 1 analyst rates it a sell, and 3 rate it a hold.

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.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

1. As of noon trading, Bank of America Corporation ( BAC) is up $0.46 (3.74) to $12.70 on heavy volume Thus far, 141.5 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 151.3 million shares. The stock has ranged in price between $12.36-$12.75 after having opened the day at $12.39 as compared to the previous trading day's close of $12.24.

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 $131.9 billion and is part of the banking industry. The company has a P/E ratio of 29.0, above the S&P 500 P/E ratio of 17.7. Shares are up 5.4% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Bank of America Corporation a buy, 1 analyst rates it a sell, and 14 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 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.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

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.
null

If you liked this article you might like

Deutsche Bank Job Cuts Could Mean Fatter Paychecks for Survivors

Deutsche Bank Job Cuts Could Mean Fatter Paychecks for Survivors

Jim Cramer: You Have to Decide If You Want to Profit From This Moment

Jim Cramer: You Have to Decide If You Want to Profit From This Moment

Use My Knowledge to Buy Wisely: Cramer's 'Mad Money' Recap (Thursday 2/22/18)

Use My Knowledge to Buy Wisely: Cramer's 'Mad Money' Recap (Thursday 2/22/18)

Video: Jim Cramer Reveals Why His Charitable Trust Bought Goldman Sachs

Video: Jim Cramer Reveals Why His Charitable Trust Bought Goldman Sachs

Financial Stocks Make Great Buys After the Recent Market Downdraft

Financial Stocks Make Great Buys After the Recent Market Downdraft