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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