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 12 points (0.1%) at 14,943 as of Thursday, Sept. 5, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,432 issues advancing vs. 1,453 declining with 120 unchanged.

The Financial sector currently sits up 0.2% versus the S&P 500, which is up 0.2%. Top gainers within the sector include HDFC Bank ( HDB), up 6.8%, Lloyds Banking Group ( LYG), up 2.9%, Weyerhaeuser ( WY), up 2.0%, Royal Bank of Scotland Group (The ( RBS), up 1.7% and Manulife Financial Corporation ( MFC), up 1.3%. On the negative front, top decliners within the sector include Ventas ( VTR), down 1.8%, HCP ( HCP), down 1.7%, Health Care REIT ( HCN), down 1.8%, Franklin Resources ( BEN), down 1.0% and Simon Property Group ( SPG), down 0.8%.

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

5. Toronto-Dominion Bank ( TD) is one of the companies pushing the Financial sector higher today. As of noon trading, Toronto-Dominion Bank is up $0.97 (1.1%) to $87.06 on average volume. Thus far, 225,454 shares of Toronto-Dominion Bank exchanged hands as compared to its average daily volume of 582,100 shares. The stock has ranged in price between $86.27-$87.45 after having opened the day at $86.31 as compared to the previous trading day's close of $86.09.

The Toronto-Dominion Bank, together with its subsidiaries, provides financial and banking services in North America and internationally. The company's Canadian Personal and Commercial Banking segment offers various financial products and services to personal and small business customers. Toronto-Dominion Bank has a market cap of $79.1 billion and is part of the banking industry. Shares are up 2.1% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Toronto-Dominion Bank a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Toronto-Dominion Bank as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Toronto-Dominion Bank Ratings Report now.

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4. As of noon trading, Bank of New York Mellon ( BK) is up $0.27 (0.9%) to $30.66 on light volume. Thus far, 1.3 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 5.3 million shares. The stock has ranged in price between $30.34-$30.75 after having opened the day at $30.46 as compared to the previous trading day's close of $30.39.

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 $34.7 billion and is part of the financial services industry. Shares are up 18.2% year to date as of the close of trading on Wednesday. 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 solid stock price performance, growth in earnings per share, increase in net income, revenue growth and attractive valuation levels. 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, PNC Financial Services Group ( PNC) is up $0.80 (1.1%) to $73.34 on light volume. Thus far, 389,971 shares of PNC Financial Services Group exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $72.22-$73.51 after having opened the day at $72.54 as compared to the previous trading day's close of $72.54.

The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States and internationally. The company's Retail Banking segment provides deposit, lending, brokerage, investment management, and cash management services. PNC Financial Services Group has a market cap of $38.5 billion and is part of the banking industry. Shares are up 24.4% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate PNC Financial Services Group a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates PNC Financial Services Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, compelling growth in net income, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full PNC Financial Services 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.

2. As of noon trading, U.S. Bancorp ( USB) is up $0.54 (1.5%) to $36.68 on average volume. Thus far, 3.8 million shares of U.S. Bancorp exchanged hands as compared to its average daily volume of 8.1 million shares. The stock has ranged in price between $36.12-$36.68 after having opened the day at $36.15 as compared to the previous trading day's close of $36.13.

U.S. Bancorp, a financial services holding company, provides a range of financial services in the United States. Its services include lending and depository services, cash management, capital market, and trust and investment management services. U.S. Bancorp has a market cap of $66.3 billion and is part of the banking industry. Shares are up 13.1% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate U.S. Bancorp a buy, 2 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates U.S. Bancorp as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity, expanding profit margins, good cash flow from operations and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full U.S. Bancorp 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, Wells Fargo ( WFC) is up $0.36 (0.9%) to $41.86 on light volume. Thus far, 5.1 million shares of Wells Fargo exchanged hands as compared to its average daily volume of 18.6 million shares. The stock has ranged in price between $41.50-$42.00 after having opened the day at $41.55 as compared to the previous trading day's close of $41.50.

Wells Fargo & Company provides retail, commercial, and corporate banking services. Wells Fargo has a market cap of $219.8 billion and is part of the banking industry. Shares are up 21.4% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Wells Fargo a buy, 1 analyst rates it a sell, and 13 rate it a hold.

TheStreet Ratings rates Wells Fargo 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, compelling growth in net income, 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 Wells Fargo 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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