4 Financial Stocks Pushing Sector Growth

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 91 points (-0.6%) at 15,838 as of Wednesday, Jan. 29, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 929 issues advancing vs. 2,026 declining with 145 unchanged.

The Financial sector currently sits down 0.3% versus the S&P 500, which is down 0.4%. Top gainers within the sector include Shinhan Financial Group ( SHG), up 2.6%, KB Financial Group ( KB), up 2.5% and SLM ( SLM), up 1.9%. On the negative front, top decliners within the sector include Corpbanca ( BCA), down 14.2%, UMB Financial Corporation ( UMBF), down 4.8%, Digital Realty ( DLR), down 4.2%, Plum Creek Timber ( PCL), down 2.2% and Banco Santander Chile ( BSAC), down 2.2%.

TheStreet would like to highlight 4 stocks pushing the sector higher today:

4. Iberiabank ( IBKC) is one of the companies pushing the Financial sector higher today. As of noon trading, Iberiabank is up $3.62 (5.8%) to $66.25 on heavy volume. Thus far, 217,818 shares of Iberiabank exchanged hands as compared to its average daily volume of 121,600 shares. The stock has ranged in price between $64.15-$67.99 after having opened the day at $66.63 as compared to the previous trading day's close of $62.63.

IBERIABANK Corporation operates as the holding company for IBERIABANK that provides commercial and retail banking products and services in the United States. Iberiabank has a market cap of $1.9 billion and is part of the banking industry. The company has a P/E ratio of 29.7, above the S&P 500 P/E ratio of 17.7. Shares are down 0.3% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate Iberiabank a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Iberiabank as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Iberiabank Ratings Report now.

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3. As of noon trading, Jones Lang LaSalle ( JLL) is up $5.50 (5.2%) to $111.81 on heavy volume. Thus far, 453,684 shares of Jones Lang LaSalle exchanged hands as compared to its average daily volume of 263,500 shares. The stock has ranged in price between $108.50-$113.86 after having opened the day at $109.96 as compared to the previous trading day's close of $106.31.

Jones Lang LaSalle Incorporated, a financial and professional services firm, provides integrated real estate and investment management services to owner, occupier, investor, developer clients worldwide. Jones Lang LaSalle has a market cap of $4.6 billion and is part of the real estate industry. The company has a P/E ratio of 20.5, above the S&P 500 P/E ratio of 17.7. Shares are up 3.8% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate Jones Lang LaSalle a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Jones Lang LaSalle 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, attractive valuation levels and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Jones Lang LaSalle 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, M&T Bank ( MTB) is up $1.04 (0.9%) to $112.29 on average volume. Thus far, 572,135 shares of M&T Bank exchanged hands as compared to its average daily volume of 989,400 shares. The stock has ranged in price between $110.28-$112.66 after having opened the day at $110.39 as compared to the previous trading day's close of $111.25.

M&T Bank Corporation operates as the holding company for M&T Bank that provide commercial and retail banking services to individuals, corporations, and other businesses and institutions. M&T Bank has a market cap of $14.4 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 down 4.4% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate M&T Bank a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates M&T Bank as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full M&T Bank 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, Allstate ( ALL) is up $0.26 (0.5%) to $52.03 on average volume. Thus far, 1.0 million shares of Allstate exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $51.27-$52.14 after having opened the day at $51.27 as compared to the previous trading day's close of $51.77.

The Allstate Corporation, through its subsidiaries, engages in the provision of personal property and casualty insurance, life insurance, and retirement and investment products primarily in the United States. Allstate has a market cap of $23.1 billion and is part of the insurance industry. The company has a P/E ratio of 10.3, below the S&P 500 P/E ratio of 17.7. Shares are down 5.1% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts who rate Allstate a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Allstate as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Allstate 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 4 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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