3 Stocks Advancing The Financial Services Industry

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 10 points (-0.1%) at 16,415 as of Thursday, April 17, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,581 issues advancing vs. 1,369 declining with 186 unchanged.

The Financial Services industry currently sits up 0.1% versus the S&P 500, which is unchanged. Top gainers within the industry include Nelnet ( NNI), up 10.7%, Equifax ( EFX), up 1.9%, SLM ( SLM), up 1.8%, Ameriprise Financial ( AMP), up 1.1% and State Street ( STT), up 1.1%. On the negative front, top decliners within the industry include MoneyGram International ( MGI), down 16.5%, and Western Union Company ( WU), down 4.2%.

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

3. Discover Financial Services ( DFS) is one of the companies pushing the Financial Services industry higher today. As of noon trading, Discover Financial Services is up $0.28 (0.5%) to $56.80 on average volume. Thus far, 1.5 million shares of Discover Financial Services exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $56.18-$57.05 after having opened the day at $56.66 as compared to the previous trading day's close of $56.52.

Discover Financial Services, a bank holding company, provides a range of financial products and services in the United States. The company operates in two segments, Direct Banking and Payment Services. Discover Financial Services has a market cap of $26.1 billion and is part of the financial sector. Shares are up 1.0% year-to-date as of the close of trading on Wednesday. Currently there are 14 analysts who rate Discover Financial Services a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Discover Financial Services 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, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Discover Financial Services Ratings Report now.

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2. As of noon trading, Bank of New York Mellon ( BK) is up $0.30 (0.9%) to $33.72 on light volume. Thus far, 1.9 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 6.0 million shares. The stock has ranged in price between $33.37-$33.82 after having opened the day at $33.42 as compared to the previous trading day's close of $33.42.

The Bank of New York Mellon Corporation provides various financial products and services in the United States and internationally. Its Investment Management segment provides institutional, intermediary, retirement and retail investment management, distribution, and related services. Bank of New York Mellon has a market cap of $37.7 billion and is part of the financial sector. Shares are down 4.3% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts who rate Bank of New York Mellon a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Bank of New York Mellon as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins 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 Bank of New York Mellon Ratings Report now.

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1. As of noon trading, Capital One Financial ( COF) is up $0.43 (0.6%) to $75.59 on heavy volume. Thus far, 2.5 million shares of Capital One Financial exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $74.72-$75.79 after having opened the day at $75.59 as compared to the previous trading day's close of $75.16.

Capital One Financial Corporation operates as the bank holding company for Capital One Bank (USA), National Association (COBNA); and Capital One, National Association (CONA), which provide various financial products and services in the United States, the United Kingdom, and Canada. Capital One Financial has a market cap of $42.7 billion and is part of the financial sector. Shares are down 1.9% year-to-date as of the close of trading on Wednesday. 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 solid stock price performance, 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 weak operating cash flow. 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 3 stocks, ETFs may be of interest. Investors who are bullish on the financial services industry could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial services industry could consider Proshares Short Financials ( SEF).

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