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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