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 116 points (0.8%) at 15,038 as of Monday, Sept. 9, 2013, 12:44 PM ET. The NYSE advances/declines ratio sits at 2,262 issues advancing vs. 646 declining with 106 unchanged.

The Financial sector currently sits up 0.6% versus the S&P 500, which is up 0.7%. Top gainers within the sector include Orix Corporation ( IX), up 2.9%, Woori Finance Holdings ( WF), up 3.1%, Lloyds Banking Group ( LYG), up 2.8%, Nomura Holdings ( NMR), up 2.4% and ING Groep N.V ( ING), up 2.3%. A company within the sector that fell today was M&T Bank ( MTB), up 1.5%.

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

5. Morgan Stanley ( MS) is one of the companies pushing the Financial sector higher today. As of noon trading, Morgan Stanley is up $0.31 (1.2%) to $27.12 on light volume. Thus far, 5.6 million shares of Morgan Stanley exchanged hands as compared to its average daily volume of 15.2 million shares. The stock has ranged in price between $26.95-$27.29 after having opened the day at $26.96 as compared to the previous trading day's close of $26.81.

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 $52.2 billion and is part of the financial services industry. Shares are up 40.2% year to date as of the close of trading on Friday. 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.

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