5 Financial Stocks Driving The 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 12 points (0.1%) at 15,069 as of Wednesday, May 8, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,670 issues advancing vs. 1,254 declining with 121 unchanged.

The Financial sector currently sits up 0.2% versus the S&P 500, which is up 0.2%. Top gainers within the sector include ING Groep N.V ( ING), up 3.8%, Lloyds Banking Group ( LYG), up 2.3%, Citigroup ( C), up 2.2%, UBS ( UBS), up 2.0% and Bank of America Corporation ( BAC), up 1.7%. On the negative front, top decliners within the sector include Royal Bank of Scotland Group (The ( RBS), down 1.88, HCP ( HCP), down 1.71, Orix Corporation ( IX), down 1.53, Health Care REIT ( HCN), down 1.50 and Visa ( V), down 1.00.

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

5. SunTrust Banks ( STI) is one of the companies pushing the Financial sector higher today. As of noon trading, SunTrust Banks is up $0.69 (2.28) to $30.98 on average volume Thus far, 3.5 million shares of SunTrust Banks exchanged hands as compared to its average daily volume of 5.1 million shares. The stock has ranged in price between $30.07-$31.04 after having opened the day at $30.27 as compared to the previous trading day's close of $30.29.

SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services in the United States. The company operates in three segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. SunTrust Banks has a market cap of $16.1 billion and is part of the banking industry. The company has a P/E ratio of 7.9, below the S&P 500 P/E ratio of 17.7. Shares are up 6.8% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate SunTrust Banks a buy, 4 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates SunTrust Banks as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, attractive valuation levels, expanding profit margins and notable return on equity. 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 SunTrust Banks Ratings Report now.

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