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.

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