5 Stocks Pushing The Financial 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 153 points (1.0%) at 15,892 as of Thursday, Jan. 30, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,359 issues advancing vs. 580 declining with 163 unchanged.

The Financial sector currently sits up 0.6% versus the S&P 500, which is up 1.0%. Top gainers within the sector include Corpbanca ( BCA), up 5.7%, Blackstone Group ( BX), up 5.5%, Duke Realty ( DRE), up 5.0%, Banco De Chile ( BCH), up 4.0% and AvalonBay Communities ( AVB), up 3.5%. A company within the sector that fell today was Bank of Montreal ( BMO), up 2.1%.

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

5. Fifth Third Bancorp ( FITB) is one of the companies pushing the Financial sector higher today. As of noon trading, Fifth Third Bancorp is up $0.29 (1.4%) to $21.24 on light volume. Thus far, 2.1 million shares of Fifth Third Bancorp exchanged hands as compared to its average daily volume of 7.1 million shares. The stock has ranged in price between $21.04-$21.24 after having opened the day at $21.09 as compared to the previous trading day's close of $20.95.

Fifth Third Bancorp operates as a diversified financial services company in the United States. The company operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third Bancorp has a market cap of $18.8 billion and is part of the banking industry. The company has a P/E ratio of 10.6, below the S&P 500 P/E ratio of 17.7. Shares are down 0.4% year-to-date as of the close of trading on Wednesday. Currently there are 8 analysts who rate Fifth Third Bancorp a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Fifth Third Bancorp as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins, notable return on equity and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Fifth Third Bancorp Ratings Report now.

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