5 Financial Services Stocks Pushing 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 71 points (0.4%) at 16,428 as of Thursday, Dec. 26, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,679 issues advancing vs. 1,241 declining with 183 unchanged.

The Financial Services industry currently sits up 0.2% versus the S&P 500, which is up 0.3%. Top gainers within the industry include Nomura Holdings ( NMR), up 6.0%, and Raymond James Financial ( RJF), up 0.9%.

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

5. Affiliated Managers Group ( AMG) is one of the companies pushing the Financial Services industry higher today. As of noon trading, Affiliated Managers Group is up $1.18 (0.6%) to $215.19 on light volume. Thus far, 79,662 shares of Affiliated Managers Group exchanged hands as compared to its average daily volume of 357,300 shares. The stock has ranged in price between $213.95-$215.81 after having opened the day at $214.74 as compared to the previous trading day's close of $214.01.

Affiliated Managers Group, Inc., through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. Affiliated Managers Group has a market cap of $11.3 billion and is part of the financial sector. Shares are up 64.4% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Affiliated Managers Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Affiliated Managers Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth 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 Affiliated Managers 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, Ameriprise Financial ( AMP) is up $0.78 (0.7%) to $113.66 on light volume. Thus far, 153,896 shares of Ameriprise Financial exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $112.79-$113.72 after having opened the day at $113.15 as compared to the previous trading day's close of $112.88.

Ameriprise Financial, Inc., through its subsidiaries, provides a range of financial products and services in the United States and internationally. Ameriprise Financial has a market cap of $22.0 billion and is part of the financial sector. Shares are up 80.2% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Ameriprise Financial a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Ameriprise Financial 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 expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Ameriprise 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.

3. As of noon trading, Blackstone Group ( BX) is up $0.16 (0.5%) to $31.17 on light volume. Thus far, 803,916 shares of Blackstone Group exchanged hands as compared to its average daily volume of 4.8 million shares. The stock has ranged in price between $31.15-$31.46 after having opened the day at $31.24 as compared to the previous trading day's close of $31.01.

The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations. Blackstone Group has a market cap of $17.5 billion and is part of the financial sector. Shares are up 98.9% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Blackstone Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Blackstone Group as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations, expanding profit margins and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Blackstone 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.

2. As of noon trading, State Street ( STT) is up $0.39 (0.5%) to $72.62 on light volume. Thus far, 372,542 shares of State Street exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $72.27-$72.89 after having opened the day at $72.31 as compared to the previous trading day's close of $72.23.

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 $31.7 billion and is part of the financial sector. Shares are up 53.6% year to date as of the close of trading on Tuesday. Currently there are 11 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 revenue growth, solid stock price performance, attractive valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. 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.

1. As of noon trading, MasterCard Incorporated ( MA) is up $7.52 (0.9%) to $820.72 on average volume. Thus far, 247,861 shares of MasterCard Incorporated exchanged hands as compared to its average daily volume of 582,800 shares. The stock has ranged in price between $814.17-$821.90 after having opened the day at $815.50 as compared to the previous trading day's close of $813.20.

MasterCard Incorporated, together with its subsidiaries, provides transaction processing and other payment-related services in the United States and internationally. MasterCard Incorporated has a market cap of $94.2 billion and is part of the financial sector. Shares are up 65.5% year to date as of the close of trading on Tuesday. Currently there are 17 analysts that rate MasterCard Incorporated a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates MasterCard Incorporated as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, increase in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full MasterCard Incorporated 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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