5 Financial Services Stocks Moving The Industry Upward

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 15,467 as of Wednesday, July 17, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,986 issues advancing vs. 913 declining with 127 unchanged.

The Financial Services industry currently sits up 0.3% versus the S&P 500, which is up 0.3%. Top gainers within the industry include T. Rowe Price Group ( TROW), up 0.9%, and Nomura Holdings ( NMR), up 0.8%. A company within the industry that fell today was Orix Corporation ( IX), up 1.1%.

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

5. Franklin Resources ( BEN) is one of the companies pushing the Financial Services industry higher today. As of noon trading, Franklin Resources is up $2.38 (1.6%) to $147.28 on average volume. Thus far, 464,710 shares of Franklin Resources exchanged hands as compared to its average daily volume of 991,400 shares. The stock has ranged in price between $145.70-$147.34 after having opened the day at $146.45 as compared to the previous trading day's close of $144.90.

Franklin Resources Inc. is a publicly owned asset management holding company. The firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It manages, through its subsidiary, separate client-focused equity, fixed income, and balanced portfolios. Franklin Resources has a market cap of $30.7 billion and is part of the financial sector. Shares are up 15.3% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Franklin Resources a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Franklin Resources as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Franklin Resources Ratings Report now.

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