5 Stocks Driving 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 31 points (0.2%) at 16,096 as of Monday, Nov. 25, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,434 issues advancing vs. 1,496 declining with 119 unchanged.

The Financial Services industry currently sits down 0.1% versus the S&P 500, which is up 0.1%. Top gainers within the industry include Financial Engines ( FNGN), up 2.6%, Virtus Investment Partners ( VRTS), up 2.5%, Blackstone Group ( BX), up 1.8%, KKR ( KKR), up 1.4% and Capital One Financial ( COF), up 1.1%. A company within the industry that fell today was Orix Corporation ( IX), up 2.9%.

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

5. Bank of New York Mellon ( BK) is one of the companies pushing the Financial Services industry higher today. As of noon trading, Bank of New York Mellon is up $0.37 (1.1%) to $34.00 on light volume. Thus far, 1.4 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 4.7 million shares. The stock has ranged in price between $33.73-$34.26 after having opened the day at $33.74 as compared to the previous trading day's close of $33.63.

The Bank of New York Mellon Corporation provides various financial products and services worldwide. It operates through Investment Management, Investment Services, and Other segments. Bank of New York Mellon has a market cap of $38.7 billion and is part of the financial sector. The company has a P/E ratio of 18.5, 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 Friday. Currently there are 3 analysts that rate Bank of New York Mellon a buy, 2 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Bank of New York Mellon as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Bank of New York Mellon 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, Discover Financial Services ( DFS) is up $0.53 (1.0%) to $52.93 on light volume. Thus far, 514,008 shares of Discover Financial Services exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $52.50-$52.97 after having opened the day at $52.52 as compared to the previous trading day's close of $52.40.

Discover Financial Services, a bank holding company, provides direct banking and payment services in the United States. It operates in two segments, Direct Banking and Payment Services. Discover Financial Services has a market cap of $24.9 billion and is part of the financial sector. The company has a P/E ratio of 11.7, below the S&P 500 P/E ratio of 17.7. Shares are up 35.9% year to date as of the close of trading on Friday. Currently there are 14 analysts that rate Discover Financial Services a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Discover Financial Services as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, notable return on equity, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Discover Financial Services 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, American Express ( AXP) is up $0.82 (1.0%) to $84.66 on light volume. Thus far, 1.2 million shares of American Express exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $84.08-$84.76 after having opened the day at $84.32 as compared to the previous trading day's close of $83.85.

American Express Company provides charge and credit payment card products and travel-related services to customers worldwide. American Express has a market cap of $89.9 billion and is part of the financial sector. The company has a P/E ratio of 19.8, above the S&P 500 P/E ratio of 17.7. Shares are up 46.0% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate American Express a buy, 2 analysts rate it a sell, and 13 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, increase in net income, growth in earnings per share 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.

2. As of noon trading, Morgan Stanley ( MS) is up $0.32 (1.0%) to $31.66 on light volume. Thus far, 4.1 million shares of Morgan Stanley exchanged hands as compared to its average daily volume of 13.2 million shares. The stock has ranged in price between $31.34-$31.73 after having opened the day at $31.38 as compared to the previous trading day's close of $31.34.

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 $60.3 billion and is part of the financial sector. The company has a P/E ratio of 18.2, above the S&P 500 P/E ratio of 17.7. Shares are up 63.9% year to date as of the close of trading on Friday. Currently there are 13 analysts that rate Morgan Stanley a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Morgan Stanley as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, compelling growth in net income and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low 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.

1. As of noon trading, Goldman Sachs Group ( GS) is up $1.72 (1.0%) to $169.82 on average volume. Thus far, 1.3 million shares of Goldman Sachs Group exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $168.50-$170.25 after having opened the day at $168.59 as compared to the previous trading day's close of $168.10.

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 $75.7 billion and is part of the financial sector. The company has a P/E ratio of 10.2, below the S&P 500 P/E ratio of 17.7. Shares are up 31.0% year to date as of the close of trading on Friday. 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, increase in net income, notable return on equity, expanding profit margins and growth in earnings per share. 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 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.

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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