4 Financial Stocks Pushing The Sector Higher

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 18 points (-0.1%) at 15,776 as of Monday, Feb. 10, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,409 issues advancing vs. 1,532 declining with 144 unchanged.

The Financial sector currently sits down 0.1% versus the S&P 500, which is down 0.1%. Top gainers within the sector include CNA Financial ( CNA), up 6.0%, Invesco ( IVZ), up 4.1%, Franklin Resources ( BEN), up 1.5%, American Express ( AXP), up 1.5% and AvalonBay Communities ( AVB), up 0.8%. On the negative front, top decliners within the sector include Mercury General Corporation ( MCY), down 5.5%, Loews Corporation ( L), down 4.0%, Shinhan Financial Group ( SHG), down 3.6%, KB Financial Group ( KB), down 2.7% and Ocwen Financial Corporation ( OCN), down 2.6%.

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

4. Lloyds Banking Group ( LYG) is one of the companies pushing the Financial sector higher today. As of noon trading, Lloyds Banking Group is up $0.03 (0.6%) to $5.50 on light volume. Thus far, 701,440 shares of Lloyds Banking Group exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $5.45-$5.50 after having opened the day at $5.45 as compared to the previous trading day's close of $5.47.

Lloyds Banking Group plc provides banking and financial services to personal, commercial, and corporate customers in the United Kingdom and internationally. The company operates in four divisions: Retail; Commercial Banking; Wealth, Asset Finance, and International; and Insurance. Lloyds Banking Group has a market cap of $97.8 billion and is part of the banking industry. Shares are up 2.8% year-to-date as of the close of trading on Friday. Currently there is 1 analyst who rates Lloyds Banking Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Lloyds Banking Group as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins and notable return on equity. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. Get the full Lloyds Banking Group Ratings Report now.

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