5 Stocks Moving The Financial Sector Upward

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 92 points (0.6%) at 15,993 as of Thursday, Nov. 21, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 2,118 issues advancing vs. 784 declining with 108 unchanged.

The Financial sector currently sits up 0.5% versus the S&P 500, which is up 0.6%. Top gainers within the sector include Aegon ( AEG), up 2.9%, Nomura Holdings ( NMR), up 2.6%, Royal Bank of Scotland Group (The ( RBS), up 1.9%, CME Group ( CME), up 1.8% and Morgan Stanley ( MS), up 1.8%. On the negative front, top decliners within the sector include HDFC Bank ( HDB), down 2.0%, and Shinhan Financial Group ( SHG), down 1.3%.

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

5. Goldman Sachs Group ( GS) is one of the companies pushing the Financial sector higher today. As of noon trading, Goldman Sachs Group is up $1.52 (0.9%) to $166.52 on average volume. Thus far, 1.3 million shares of Goldman Sachs Group exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $165.01-$166.74 after having opened the day at $165.50 as compared to the previous trading day's close of $165.00.

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Goldman Sachs Group has a market cap of $75.5 billion and is part of the financial services industry. The company has a P/E ratio of 10.1, below the S&P 500 P/E ratio of 17.7. Shares are up 30.6% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Goldman Sachs Group a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates Goldman Sachs Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels, expanding profit margins, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Goldman Sachs Group 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, Wells Fargo ( WFC) is up $0.50 (1.1%) to $44.12 on light volume. Thus far, 5.3 million shares of Wells Fargo exchanged hands as compared to its average daily volume of 17.8 million shares. The stock has ranged in price between $43.78-$44.14 after having opened the day at $43.81 as compared to the previous trading day's close of $43.62.

Wells Fargo & Company provides retail, commercial, and corporate banking services. Wells Fargo has a market cap of $229.5 billion and is part of the banking industry. The company has a P/E ratio of 11.5, below the S&P 500 P/E ratio of 17.7. Shares are up 27.4% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Wells Fargo a buy, 1 analyst rates it a sell, and 13 rate it a hold.

TheStreet Ratings rates Wells Fargo as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, expanding profit margins, good cash flow from operations and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Wells Fargo 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, JPMorgan Chase ( JPM) is up $0.92 (1.6%) to $57.02 on average volume. Thus far, 8.6 million shares of JPMorgan Chase exchanged hands as compared to its average daily volume of 20.7 million shares. The stock has ranged in price between $56.28-$57.18 after having opened the day at $56.28 as compared to the previous trading day's close of $56.10.

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. JPMorgan Chase has a market cap of $211.1 billion and is part of the banking industry. The company has a P/E ratio of 12.7, below the S&P 500 P/E ratio of 17.7. Shares are up 27.6% year to date as of the close of trading on Wednesday. Currently there are 18 analysts that rate JPMorgan Chase a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates JPMorgan Chase as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, solid stock price performance, reasonable valuation levels, expanding profit margins 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 JPMorgan Chase 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, Citigroup ( C) is up $0.80 (1.6%) to $51.57 on average volume. Thus far, 8.8 million shares of Citigroup exchanged hands as compared to its average daily volume of 23.3 million shares. The stock has ranged in price between $50.78-$51.63 after having opened the day at $50.86 as compared to the previous trading day's close of $50.77.

Citigroup, Inc., a diversified financial services holding company, provides a range of financial products and services to consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Citicorp and Citi Holdings. Citigroup has a market cap of $155.2 billion and is part of the banking industry. The company has a P/E ratio of 12.8, below the S&P 500 P/E ratio of 17.7. Shares are up 28.3% year to date as of the close of trading on Wednesday. Currently there are 17 analysts that rate Citigroup a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Citigroup as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, notable return on equity, solid stock price performance, compelling growth in net income and attractive valuation levels. 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 Citigroup 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, Bank of America Corporation ( BAC) is up $0.23 (1.5%) to $15.37 on average volume. Thus far, 51.5 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 90.4 million shares. The stock has ranged in price between $15.20-$15.40 after having opened the day at $15.22 as compared to the previous trading day's close of $15.14.

Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, corporations, and governments in the United States and internationally. Bank of America Corporation has a market cap of $162.1 billion and is part of the banking industry. The company has a P/E ratio of 23.4, above the S&P 500 P/E ratio of 17.7. Shares are up 30.9% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Bank of America Corporation a buy, 2 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Bank of America Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and solid stock price performance. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full Bank of America Corporation 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 sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).

null

More from Markets

3 Things Investors Must Know for Monday

3 Things Investors Must Know for Monday

Street Stats: The Mid-Term Elections May Be a Rollercoaster Ride for Investors

Street Stats: The Mid-Term Elections May Be a Rollercoaster Ride for Investors

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric