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 15,558 as of Monday, July 22, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,691 issues advancing vs. 1,251 declining with 101 unchanged.

The Financial Services industry currently sits up 0.3% versus the S&P 500, which is up 0.2%. Top gainers within the industry include Invesco ( IVZ), up 1.5%, MasterCard Incorporated ( MA), up 1.2%, Ameriprise Financial ( AMP), up 1.0% and T. Rowe Price Group ( TROW), up 0.9%.

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 $1.73 (1.2%) to $147.56 on light volume. Thus far, 346,109 shares of Franklin Resources exchanged hands as compared to its average daily volume of 988,700 shares. The stock has ranged in price between $145.71-$147.76 after having opened the day at $145.86 as compared to the previous trading day's close of $145.83.

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 $31.1 billion and is part of the financial sector. Shares are up 16.0% year to date as of the close of trading on Friday. Currently there are 10 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, expanding profit margins and good cash flow from operations. 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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4. As of noon trading, Bank of New York Mellon ( BK) is up $0.26 (0.8%) to $32.03 on light volume. Thus far, 2.0 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 6.1 million shares. The stock has ranged in price between $31.61-$32.06 after having opened the day at $31.62 as compared to the previous trading day's close of $31.77.

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 $36.5 billion and is part of the financial sector. Shares are up 23.6% year to date as of the close of trading on Friday. 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 revenue growth, attractive valuation levels, expanding profit margins, 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 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, Charles Schwab ( SCHW) is up $0.20 (0.9%) to $21.88 on light volume. Thus far, 2.7 million shares of Charles Schwab exchanged hands as compared to its average daily volume of 10.8 million shares. The stock has ranged in price between $21.68-$21.92 after having opened the day at $21.70 as compared to the previous trading day's close of $21.68.

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 $27.5 billion and is part of the financial sector. Shares are up 51.0% year to date as of the close of trading on Friday. 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, 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 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, American Express ( AXP) is up $1.06 (1.4%) to $75.12 on average volume. Thus far, 2.4 million shares of American Express exchanged hands as compared to its average daily volume of 5.7 million shares. The stock has ranged in price between $74.21-$75.20 after having opened the day at $74.43 as compared to the previous trading day's close of $74.06.

American Express Company provides charge and credit payment card products and travel-related services to customers worldwide. American Express has a market cap of $81.3 billion and is part of the financial sector. Shares are up 28.8% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate American Express a buy, 2 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates American Express 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 notable return on equity. 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 American Express 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 $1.28 (0.8%) to $165.64 on average volume. Thus far, 1.5 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 $163.88-$166.17 after having opened the day at $163.95 as compared to the previous trading day's close of $164.36.

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 $75.2 billion and is part of the financial sector. Shares are up 28.8% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Goldman Sachs Group a buy, 1 analyst rates it a sell, and 16 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 robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. 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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