3 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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 29 points (-0.2%) at 16,367 as of Wednesday, March 5, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,229 issues advancing vs. 1,681 declining with 174 unchanged.

The Financial sector currently sits down 0.1% versus the S&P 500, which is unchanged. Top gainers within the sector include Genworth Financial ( GNW), up 2.6%, Morgan Stanley ( MS), up 2.1%, Goldman Sachs Group ( GS), up 1.7%, MetLife ( MET), up 1.7% and HDFC Bank ( HDB), up 1.3%. On the negative front, top decliners within the sector include Shinhan Financial Group ( SHG), down 1.7%, AvalonBay Communities ( AVB), down 1.6%, Equity Residential ( EQR), down 1.3%, American Tower ( AMT), down 1.3% and Host Hotels & Resorts ( HST), down 1.2%.

TheStreet would like to highlight 3 stocks pushing the sector higher today:

3. JPMorgan Chase ( JPM) is one of the companies pushing the Financial sector higher today. As of noon trading, JPMorgan Chase is up $0.86 (1.5%) to $58.12 on average volume. Thus far, 7.7 million shares of JPMorgan Chase exchanged hands as compared to its average daily volume of 18.1 million shares. The stock has ranged in price between $57.36-$58.25 after having opened the day at $57.48 as compared to the previous trading day's close of $57.26.

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. JPMorgan Chase has a market cap of $212.9 billion and is part of the banking industry. Shares are down 3.9% year-to-date as of the close of trading on Tuesday. Currently there are 17 analysts who rate JPMorgan Chase a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates JPMorgan Chase as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins 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 JPMorgan Chase Ratings Report now.

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2. As of noon trading, Citigroup ( C) is up $0.81 (1.7%) to $49.64 on average volume. Thus far, 12.9 million shares of Citigroup exchanged hands as compared to its average daily volume of 26.3 million shares. The stock has ranged in price between $48.96-$49.92 after having opened the day at $49.05 as compared to the previous trading day's close of $48.83.

Citigroup, Inc., a diversified financial services holding company, provides a range of financial products and services to consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Citicorp and Citi Holdings. Citigroup has a market cap of $144.4 billion and is part of the banking industry. Shares are down 8.6% year-to-date as of the close of trading on Tuesday. Currently there are 15 analysts who rate Citigroup a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Citigroup 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, attractive valuation levels, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Citigroup 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, Bank of America Corporation ( BAC) is up $0.48 (2.9%) to $17.20 on heavy volume. Thus far, 92.6 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 104.5 million shares. The stock has ranged in price between $16.78-$17.22 after having opened the day at $16.79 as compared to the previous trading day's close of $16.72.

Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, corporations, and governments in the United States and internationally. Bank of America Corporation has a market cap of $172.3 billion and is part of the banking industry. Shares are up 4.7% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts who rate Bank of America Corporation a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Bank of America Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Bank of America Corporation 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 3 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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