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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 155 points (-1.0%) at 15,255 as of Wednesday, May 29, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 466 issues advancing vs. 2,548 declining with 68 unchanged.

The Financial Services industry currently sits down 0.86 versus the S&P 500, which is down 0.89. A company within the industry that increased today was State Street ( STT), up 1.28. On the negative front, top decliners within the industry include Nomura Holdings ( NMR), down 4.53, Visa ( V), down 0.81 and MasterCard Incorporated ( MA), down 0.50.

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

5. SLM ( SLM) is one of the companies pushing the Financial Services industry higher today. As of noon trading, SLM is up $0.75 (3.26) to $23.73 on heavy volume Thus far, 7.8 million shares of SLM exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $23.60-$26.17 after having opened the day at $25.09 as compared to the previous trading day's close of $22.98.

SLM Corporation, through its subsidiaries, originates, acquires, finances, and services private education loans in the United States. The company operates through three segments: Consumer Lending, Business Services, and FFELP Loans. SLM has a market cap of $10.1 billion and is part of the financial sector. The company has a P/E ratio of 9.4, below the S&P 500 P/E ratio of 17.7. Shares are up 33.0% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate SLM a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates SLM as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and attractive valuation levels. 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 SLM Ratings Report now.

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