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.

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

4. As of noon trading, Bank of New York Mellon ( BK) is up $0.74 (2.4%) to $31.09 on heavy volume. Thus far, 5.1 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 $31.00-$31.78 after having opened the day at $31.20 as compared to the previous trading day's close of $30.35.

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 $35.6 billion and is part of the financial sector. Shares are up 18.1% year to date as of the close of trading on Tuesday. 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.

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

3. As of noon trading, State Street ( STT) is up $0.80 (1.2%) to $69.49 on average volume. Thus far, 1.2 million shares of State Street exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $68.81-$69.98 after having opened the day at $68.86 as compared to the previous trading day's close of $68.69.

State Street Corporation, a financial holding company, provides investment servicing and investment management services to institutional investors worldwide. State Street has a market cap of $31.6 billion and is part of the financial sector. Shares are up 46.1% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate State Street a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates State Street 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, attractive valuation levels, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full State Street 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, BlackRock ( BLK) is up $2.03 (0.8%) to $270.38 on average volume. Thus far, 583,990 shares of BlackRock exchanged hands as compared to its average daily volume of 835,200 shares. The stock has ranged in price between $268.15-$270.40 after having opened the day at $268.81 as compared to the previous trading day's close of $268.35.

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors. BlackRock has a market cap of $45.5 billion and is part of the financial sector. Shares are up 29.8% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate BlackRock a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates BlackRock 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 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 BlackRock 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, Goldman Sachs Group ( GS) is up $1.22 (0.8%) to $161.46 on average volume. Thus far, 2.2 million shares of Goldman Sachs Group exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $159.50-$161.99 after having opened the day at $159.84 as compared to the previous trading day's close of $160.24.

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 $74.7 billion and is part of the financial sector. Shares are up 27.8% year to date as of the close of trading on Tuesday. 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, attractive valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Goldman Sachs Group 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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