3 Financial Stocks Driving 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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 61 points (0.4%) at 15,361 as of Friday, Sept. 13, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,640 issues advancing vs. 1,247 declining with 140 unchanged.

The Financial sector currently sits up 0.3% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Annaly Capital Management ( NLY), up 2.0%, Visa ( V), up 2.0%, General Growth Properties ( GGP), up 1.7%, Lloyds Banking Group ( LYG), up 1.6% and Franklin Resources ( BEN), up 0.7%. On the negative front, top decliners within the sector include Banco Santander Chile ( BSAC), down 1.7%, Woori Finance Holdings ( WF), down 1.5%, Banco De Chile ( BCH), down 1.2%, American Tower ( AMT), down 0.9% and CME Group ( CME), down 0.6%.

TheStreet would like to highlight 3 stocks pushing the sector higher today:

3. Royal Bank of Scotland Group (The ( RBS) is one of the companies pushing the Financial sector higher today. As of noon trading, Royal Bank of Scotland Group (The is up $0.09 (0.8%) to $11.48 on light volume. Thus far, 318,594 shares of Royal Bank of Scotland Group (The exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $11.42-$11.50 after having opened the day at $11.45 as compared to the previous trading day's close of $11.39.

The Royal Bank of Scotland Group plc, through its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers worldwide. Royal Bank of Scotland Group (The has a market cap of $34.8 billion and is part of the banking industry. Shares are up 5.6% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Royal Bank of Scotland Group (The a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Royal Bank of Scotland Group (The as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and expanding profit margins. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Royal Bank of Scotland Group (The Ratings Report now.

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2. As of noon trading, UBS ( UBS) is up $0.14 (0.7%) to $20.86 on heavy volume. Thus far, 1.8 million shares of UBS exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $20.66-$20.87 after having opened the day at $20.72 as compared to the previous trading day's close of $20.72.

UBS AG, a financial services firm, provides wealth management, asset management, and investment banking products and services worldwide. Its Wealth Management division provides financial services to high net worth individuals worldwide. UBS has a market cap of $79.9 billion and is part of the banking industry. Shares are up 32.1% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate UBS a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates UBS as a sell. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity. Get the full UBS 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, State Street ( STT) is up $0.38 (0.6%) to $68.18 on light volume. Thus far, 870,781 shares of State Street exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $67.34-$68.25 after having opened the day at $67.88 as compared to the previous trading day's close of $67.80.

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 $30.5 billion and is part of the financial services industry. Shares are up 45.3% year to date as of the close of trading on Thursday. 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.

If you are interested in one of these 3 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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