5 Financial Services Stocks Nudging The Industry Higher

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 31 points (0.2%) at 15,006 as of Tuesday, July 2, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,611 issues advancing vs. 1,325 declining with 103 unchanged.

The Financial Services industry currently sits up 0.1% versus the S&P 500, which is up 0.4%. Top gainers within the industry include Orix Corporation ( IX), up 3.1%, Nomura Holdings ( NMR), up 1.8% and Affiliated Managers Group ( AMG), up 1.2%. On the negative front, top decliners within the industry include Credit Acceptance Corporation ( CACC), down 3.2%, Blackstone Group ( BX), down 1.2%, NYSE Euronext ( NYX), down 1.1% and Principal Financial Group ( PFG), down 0.9%.

TheStreet 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 $0.65 (0.8%) to $82.09 on light volume. Thus far, 349,215 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 $81.19-$82.41 after having opened the day at $81.37 as compared to the previous trading day's close of $81.44.

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 $16.3 billion and is part of the financial sector. The company has a P/E ratio of 15.7, below the S&P 500 P/E ratio of 17.7. Shares are up 30.0% year to date as of the close of trading on Monday. 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 revenue growth, solid stock price performance, increase in net income, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Ameriprise Financial Ratings Report now.

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4. As of noon trading, Bank of New York Mellon ( BK) is up $0.21 (0.7%) to $28.68 on average volume. Thus far, 2.5 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 6.0 million shares. The stock has ranged in price between $28.44-$29.08 after having opened the day at $28.48 as compared to the previous trading day's close of $28.47.

The Bank of New York Mellon Corporation provides various financial products and services worldwide. It operates through Investment Management, Investment Services, and Other segments. Bank of New York Mellon has a market cap of $32.6 billion and is part of the financial sector. The company has a P/E ratio of 21.9, above the S&P 500 P/E ratio of 17.7. Shares are up 9.1% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Bank of New York Mellon a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Bank of New York Mellon as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Bank of New York Mellon Ratings Report now.

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3. As of noon trading, Charles Schwab ( SCHW) is up $0.31 (1.4%) to $21.69 on average volume. Thus far, 4.7 million shares of Charles Schwab exchanged hands as compared to its average daily volume of 10.4 million shares. The stock has ranged in price between $21.31-$21.87 after having opened the day at $21.32 as compared to the previous trading day's close of $21.38.

The Charles Schwab Corporation, through its subsidiaries, provides securities brokerage, banking, money management, and financial advisory services to individuals and institutional clients. The company operates through two segments, Investor Services and Institutional Services. Charles Schwab has a market cap of $27.2 billion and is part of the financial sector. The company has a P/E ratio of 30.3, above the S&P 500 P/E ratio of 17.7. Shares are up 47.8% year to date as of the close of trading on Monday. Currently there are 4 analysts that rate Charles Schwab a buy, 4 analysts rate it a sell, and 8 rate it a hold.

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

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, Capital One Financial ( COF) is up $0.40 (0.6%) to $63.99 on average volume. Thus far, 1.9 million shares of Capital One Financial exchanged hands as compared to its average daily volume of 4.0 million shares. The stock has ranged in price between $63.59-$64.72 after having opened the day at $63.64 as compared to the previous trading day's close of $63.59.

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association (COBNA); and Capital One, National Association (CONA), which provide various financial products and services in the United States. Capital One Financial has a market cap of $36.7 billion and is part of the financial sector. The company has a P/E ratio of 11.2, below the S&P 500 P/E ratio of 17.7. Shares are up 8.4% year to date as of the close of trading on Monday. Currently there are 19 analysts that rate Capital One Financial a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Capital One Financial as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Capital One Financial Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, Morgan Stanley ( MS) is up $0.14 (0.6%) to $24.73 on average volume. Thus far, 8.8 million shares of Morgan Stanley exchanged hands as compared to its average daily volume of 19.9 million shares. The stock has ranged in price between $24.50-$25.19 after having opened the day at $24.51 as compared to the previous trading day's close of $24.59.

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. Morgan Stanley has a market cap of $47.9 billion and is part of the financial sector. The company has a P/E ratio of 44.7, above the S&P 500 P/E ratio of 17.7. Shares are up 27.8% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate Morgan Stanley a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Morgan Stanley as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Morgan Stanley Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you are interested in one of these 5 stocks, ETFs may be of interest. Investors who are bullish on the financial services industry could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial services industry could consider Proshares Short Financials ( SEF).
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