5 Financial Services Stocks Driving The 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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 0 points (0.0%) at 15,915 as of Wednesday, Dec. 4, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,252 issues advancing vs. 1,627 declining with 137 unchanged.

The Financial Services industry currently sits down 0.1% versus the S&P 500, which is unchanged. Top gainers within the industry include Janus Capital Group ( JNS), up 2.5%, WisdomTree Investments ( WETF), up 2.3%, Apollo Global Management ( APO), up 1.7% and Morgan Stanley ( MS), up 0.7%. On the negative front, top decliners within the industry include Total System Services ( TSS), down 1.8%, Orix Corporation ( IX), down 1.2%, Nomura Holdings ( NMR), down 1.0%, MasterCard Incorporated ( MA), down 0.8% and Western Union Company ( WU), down 0.7%.

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

5. Raymond James Financial ( RJF) is one of the companies pushing the Financial Services industry higher today. As of noon trading, Raymond James Financial is up $0.34 (0.7%) to $48.40 on light volume. Thus far, 272,612 shares of Raymond James Financial exchanged hands as compared to its average daily volume of 759,500 shares. The stock has ranged in price between $47.65-$48.50 after having opened the day at $48.00 as compared to the previous trading day's close of $48.06.

Raymond James Financial, Inc., through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities in the United States, Canada, and Europe. Raymond James Financial has a market cap of $6.8 billion and is part of the financial sector. The company has a P/E ratio of 18.8, above the S&P 500 P/E ratio of 17.7. Shares are up 25.7% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Raymond James Financial a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Raymond James Financial 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, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Raymond James Financial 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, NASDAQ OMX Group ( NDAQ) is up $1.19 (3.0%) to $40.22 on heavy volume. Thus far, 1.2 million shares of NASDAQ OMX Group exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $38.74-$40.38 after having opened the day at $38.99 as compared to the previous trading day's close of $39.03.

The NASDAQ OMX Group, Inc. delivers trading, clearing, exchange technology, regulatory, securities listing, and public company services worldwide. NASDAQ OMX Group has a market cap of $6.6 billion and is part of the financial sector. The company has a P/E ratio of 20.3, above the S&P 500 P/E ratio of 17.7. Shares are up 57.7% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate NASDAQ OMX Group a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates NASDAQ OMX 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, revenue growth, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full NASDAQ OMX 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.

3. As of noon trading, Bank of New York Mellon ( BK) is up $0.18 (0.6%) to $33.38 on light volume. Thus far, 1.5 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 $33.04-$33.62 after having opened the day at $33.12 as compared to the previous trading day's close of $33.20.

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 $38.6 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 29.2% year to date as of the close of trading on Tuesday. 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, attractive valuation levels, expanding profit margins, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. 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.

2. As of noon trading, Capital One Financial ( COF) is up $0.44 (0.6%) to $72.07 on light volume. Thus far, 981,754 shares of Capital One Financial exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $71.15-$72.30 after having opened the day at $71.28 as compared to the previous trading day's close of $71.63.

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association (COBNA); and Capital One, National Association (CONA), which provide various financial products and services in the United States. Capital One Financial has a market cap of $41.6 billion and is part of the financial sector. The company has a P/E ratio of 9.9, below the S&P 500 P/E ratio of 17.7. Shares are up 23.6% year to date as of the close of trading on Tuesday. Currently there are 17 analysts that rate Capital One Financial a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Capital One Financial as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Capital One Financial 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 $1.15 (0.7%) to $169.20 on light volume. Thus far, 1.0 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 $167.31-$169.93 after having opened the day at $167.31 as compared to the previous trading day's close of $168.05.

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 $76.9 billion and is part of the financial sector. The company has a P/E ratio of 10.3, below the S&P 500 P/E ratio of 17.7. Shares are up 31.7% year to date as of the close of trading on Tuesday. 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.

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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