5 Stocks Raising The Financial Services Industry 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 Services industry currently sits up 0.1% versus the S&P 500, which is up 0.2%. Top gainers within the industry include CIT Group ( CIT), up 1.3%, Bank of New York Mellon ( BK), up 0.9%, TD Ameritrade Holding Corporation ( AMTD), up 0.9%, Goldman Sachs Group ( GS), up 0.9% and Discover Financial Services ( DFS), up 0.8%.

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

5. State Street ( STT) is one of the companies pushing the Financial Services industry higher today. As of noon trading, State Street is up $0.41 (0.6%) to $68.67 on light volume. Thus far, 567,934 shares of State Street exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $68.25-$69.10 after having opened the day at $68.39 as compared to the previous trading day's close of $68.26.

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 $30.1 billion and is part of the financial sector. Shares are up 45.2% year to date as of the close of trading on Wednesday. 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full State Street 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.

4. As of noon trading, Capital One Financial ( COF) is up $0.53 (0.8%) to $65.56 on light volume. Thus far, 758,103 shares of Capital One Financial exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $64.92-$65.98 after having opened the day at $65.00 as compared to the previous trading day's close of $65.03.

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association (COBNA); and Capital One, National Association (CONA), which provide various financial products and services in the United States. Capital One Financial has a market cap of $37.7 billion and is part of the financial sector. Shares are up 12.3% year to date as of the close of trading on Wednesday. Currently there are 17 analysts that rate Capital One Financial a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Capital One Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Capital One Financial 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 $0.21 (1.0%) to $22.07 on light volume. Thus far, 3.1 million shares of Charles Schwab exchanged hands as compared to its average daily volume of 9.2 million shares. The stock has ranged in price between $21.79-$22.25 after having opened the day at $21.90 as compared to the previous trading day's close of $21.86.

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 $27.2 billion and is part of the financial sector. Shares are up 52.2% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Charles Schwab a buy, 4 analysts rate it a sell, and 6 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.

2. As of noon trading, American Express ( AXP) is up $0.64 (0.9%) to $73.78 on light volume. Thus far, 1.6 million shares of American Express exchanged hands as compared to its average daily volume of 4.9 million shares. The stock has ranged in price between $72.89-$74.23 after having opened the day at $73.16 as compared to the previous trading day's close of $73.14.

American Express Company provides charge and credit payment card products and travel-related services to customers worldwide. American Express has a market cap of $78.1 billion and is part of the financial sector. Shares are up 27.2% year to date as of the close of trading on Wednesday. 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, Morgan Stanley ( MS) is up $0.20 (0.8%) to $26.71 on light volume. Thus far, 5.7 million shares of Morgan Stanley exchanged hands as compared to its average daily volume of 15.4 million shares. The stock has ranged in price between $26.57-$26.98 after having opened the day at $26.67 as compared to the previous trading day's close of $26.51.

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 $51.5 billion and is part of the financial sector. Shares are up 38.7% year to date as of the close of trading on Wednesday. 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 hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins. 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.

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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