5 Financial Stocks Nudging The Sector Higher

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 44 points (0.3%) at 15,464 as of Tuesday, Aug. 13, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,183 issues advancing vs. 1,800 declining with 78 unchanged.

The Financial sector currently sits down 0.2% versus the S&P 500, which is up 0.2%. Top gainers within the sector include CME Group ( CME), up 3.8%, TD Ameritrade Holding Corporation ( AMTD), up 3.3%, HDFC Bank ( HDB), up 3.2%, Invesco ( IVZ), up 2.8% and Citigroup ( C), up 2.4%. On the negative front, top decliners within the sector include Realty Income Corporation ( O), down 2.4%, Ventas ( VTR), down 1.6%, Health Care REIT ( HCN), down 1.6%, General Growth Properties ( GGP), down 1.5% and Simon Property Group ( SPG), down 1.3%.

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

5. State Street ( STT) is one of the companies pushing the Financial sector higher today. As of noon trading, State Street is up $0.87 (1.3%) to $69.42 on light volume. Thus far, 511,121 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 $68.58-$69.46 after having opened the day at $68.66 as compared to the previous trading day's close of $68.55.

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 $30.9 billion and is part of the financial services industry. Shares are up 47.5% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate State Street a buy, 1 analyst rates it a sell, and 5 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, revenue growth, attractive valuation levels 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 State Street Ratings Report now.

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4. As of noon trading, Charles Schwab ( SCHW) is up $0.53 (2.4%) to $22.29 on average volume. Thus far, 4.5 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 $21.77-$22.34 after having opened the day at $21.78 as compared to the previous trading day's close of $21.76.

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 $28.6 billion and is part of the financial services industry. Shares are up 55.2% 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 7 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, good cash flow from operations 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.

3. As of noon trading, Morgan Stanley ( MS) is up $0.34 (1.3%) to $26.96 on light volume. Thus far, 5.1 million shares of Morgan Stanley exchanged hands as compared to its average daily volume of 17.7 million shares. The stock has ranged in price between $26.42-$26.98 after having opened the day at $26.68 as compared to the previous trading day's close of $26.62.

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 $52.4 billion and is part of the financial services industry. Shares are up 39.2% 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, good cash flow from operations, 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.

2. As of noon trading, Goldman Sachs Group ( GS) is up $2.38 (1.5%) to $164.07 on light volume. Thus far, 1.3 million shares of Goldman Sachs Group exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $160.95-$164.23 after having opened the day at $162.00 as compared to the previous trading day's close of $161.69.

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 $74.3 billion and is part of the financial services industry. Shares are up 26.8% year to date as of the close of trading on Monday. 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 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.

1. As of noon trading, JPMorgan Chase ( JPM) is up $0.56 (1.0%) to $54.66 on average volume. Thus far, 8.6 million shares of JPMorgan Chase exchanged hands as compared to its average daily volume of 20.9 million shares. The stock has ranged in price between $53.60-$54.68 after having opened the day at $54.22 as compared to the previous trading day's close of $54.09.

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. JPMorgan Chase has a market cap of $205.2 billion and is part of the banking industry. Shares are up 23.0% year to date as of the close of trading on Monday. Currently there are 19 analysts that rate JPMorgan Chase a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates JPMorgan Chase as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income 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 JPMorgan Chase 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 sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).
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