5 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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 125 points (-0.8%) at 16,333 as of Tuesday, Jan. 21, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,733 issues advancing vs. 1,234 declining with 157 unchanged.

The Financial sector currently sits up 0.2% versus the S&P 500, which is down 0.1%. Top gainers within the sector include Signature Bank ( SBNY), up 11.7%, Blackstone Mortgage ( BXMT), up 11.0%, TD Ameritrade Holding Corporation ( AMTD), up 4.0%, Zions ( ZION), up 3.6% and Regions Financial Corporation ( RF), up 2.5%. On the negative front, top decliners within the sector include Deutsche Bank ( DB), down 2.5%, Royal Bank of Scotland Group (The ( RBS), down 1.1%, Aegon ( AEG), down 2.2%, ING Groep N.V ( ING), down 1.7% and SLM ( SLM), down 1.5%.

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

5. SunTrust Banks ( STI) is one of the companies pushing the Financial sector higher today. As of noon trading, SunTrust Banks is up $0.29 (0.7%) to $39.63 on average volume. Thus far, 2.5 million shares of SunTrust Banks exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $39.38-$40.00 after having opened the day at $39.55 as compared to the previous trading day's close of $39.34.

SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services in the United States. The company operates in three segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. SunTrust Banks has a market cap of $21.1 billion and is part of the banking industry. The company has a P/E ratio of 14.4, below the S&P 500 P/E ratio of 17.7. Shares are up 6.9% year-to-date as of the close of trading on Friday. Currently there are 8 analysts who rate SunTrust Banks a buy, 1 analyst rates it a sell, and 14 rate it a hold.

TheStreet Ratings rates SunTrust Banks as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full SunTrust Banks 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, Charles Schwab ( SCHW) is up $0.20 (0.8%) to $26.97 on average volume. Thus far, 3.9 million shares of Charles Schwab exchanged hands as compared to its average daily volume of 6.8 million shares. The stock has ranged in price between $26.84-$27.11 after having opened the day at $26.84 as compared to the previous trading day's close of $26.77.

The Charles Schwab Corporation, through its subsidiaries, provides securities brokerage, banking, money management, and financial advisory services to individuals and institutional clients. The company operates through two segments, Investor Services and Institutional Services. Charles Schwab has a market cap of $34.5 billion and is part of the financial services industry. The company has a P/E ratio of 34.3, above the S&P 500 P/E ratio of 17.7. Shares are up 3.0% year-to-date as of the close of trading on Friday. Currently there are 3 analysts who rate Charles Schwab a buy, 3 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Charles Schwab as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, compelling growth in net income, notable return on equity 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 Charles Schwab 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, IntercontinentalExchange Group ( ICE) is up $2.02 (1.0%) to $208.89 on average volume. Thus far, 674,805 shares of IntercontinentalExchange Group exchanged hands as compared to its average daily volume of 911,600 shares. The stock has ranged in price between $207.62-$212.33 after having opened the day at $208.76 as compared to the previous trading day's close of $206.87.

IntercontinentalExchange Group, Inc., through its subsidiaries, operates a network of regulated exchanges and clearing houses for financial and commodity markets primarily in the United States, the United Kingdom, Canada, Europe, and Brazil. IntercontinentalExchange Group has a market cap of $23.8 billion and is part of the financial services industry. Currently there are 11 analysts who rate IntercontinentalExchange Group a buy, 1 analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates IntercontinentalExchange Group 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, revenue growth, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full IntercontinentalExchange 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, BlackRock ( BLK) is up $1.71 (0.5%) to $318.43 on average volume. Thus far, 267,971 shares of BlackRock exchanged hands as compared to its average daily volume of 629,800 shares. The stock has ranged in price between $317.00-$320.30 after having opened the day at $318.80 as compared to the previous trading day's close of $316.72.

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors. BlackRock has a market cap of $52.9 billion and is part of the financial services industry. The company has a P/E ratio of 19.1, above the S&P 500 P/E ratio of 17.7. Shares are up 0.1% year-to-date as of the close of trading on Friday. Currently there are 5 analysts who rate BlackRock a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates BlackRock as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, 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 BlackRock 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, Capital One Financial ( COF) is up $0.52 (0.7%) to $72.90 on heavy volume. Thus far, 2.4 million 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 $72.45-$73.14 after having opened the day at $72.80 as compared to the previous trading day's close of $72.39.

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 $41.7 billion and is part of the financial services industry. The company has a P/E ratio of 9.8, below the S&P 500 P/E ratio of 17.7. Shares are down 5.5% year-to-date as of the close of trading on Friday. Currently there are 16 analysts who rate Capital One Financial a buy, no analysts rate it a sell, and 7 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 increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. 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.

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).

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