3 Financial Stocks Nudging The 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 105 points (0.6%) at 16,554 as of Tuesday, April 22, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,226 issues advancing vs. 749 declining with 155 unchanged.

The Financial sector currently sits up 0.4% versus the S&P 500, which is up 0.6%. Top gainers within the sector include MGIC Investment Corporation ( MTG), up 7.1%, Genworth Financial ( GNW), up 4.4%, Blackstone Group ( BX), up 4.0%, NASDAQ OMX Group ( NDAQ), up 3.0% and Regions Financial Corporation ( RF), up 1.9%. On the negative front, top decliners within the sector include HDFC Bank ( HDB), down 2.3%, Woori Finance Holdings ( WF), down 2.1%, KB Financial Group ( KB), down 1.5%, Mitsubishi UFJ Financial Group ( MTU), down 1.5% and Health Care REIT ( HCN), down 1.1%.

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

3. Wells Fargo ( WFC) is one of the companies pushing the Financial sector higher today. As of noon trading, Wells Fargo is up $0.25 (0.5%) to $49.37 on light volume. Thus far, 6.6 million shares of Wells Fargo exchanged hands as compared to its average daily volume of 17.7 million shares. The stock has ranged in price between $48.90-$49.49 after having opened the day at $49.04 as compared to the previous trading day's close of $49.12.

Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Wells Fargo has a market cap of $257.0 billion and is part of the banking industry. Shares are up 8.2% year-to-date as of the close of trading on Monday. Currently there are 10 analysts who rate Wells Fargo a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Wells Fargo 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, increase in net income, expanding profit margins and notable return on equity. 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 Wells Fargo 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, JPMorgan Chase ( JPM) is up $0.90 (1.6%) to $55.94 on average volume. Thus far, 8.3 million shares of JPMorgan Chase exchanged hands as compared to its average daily volume of 20.2 million shares. The stock has ranged in price between $54.94-$55.95 after having opened the day at $55.04 as compared to the previous trading day's close of $55.03.

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Management. JPMorgan Chase has a market cap of $209.0 billion and is part of the banking industry. Shares are down 5.9% year-to-date as of the close of trading on Monday. Currently there are 16 analysts who rate JPMorgan Chase a buy, 1 analyst rates it a sell, and 4 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 expanding profit margins, attractive valuation levels 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.

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 $0.16 (1.0%) to $16.26 on light volume. Thus far, 34.1 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 109.1 million shares. The stock has ranged in price between $16.04-$16.27 after having opened the day at $16.09 as compared to the previous trading day's close of $16.09.

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 $170.0 billion and is part of the banking industry. Shares are up 3.3% year-to-date as of the close of trading on Monday. Currently there are 8 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 expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. 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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