3 Stocks Pushing The Financial Services Industry Higher

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 4 points (0.0%) at 16,511 as of Wednesday, April 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,718 issues advancing vs. 1,280 declining with 133 unchanged.

The Financial Services industry currently sits up 0.2% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Orix ( IX), up 1.2%, and Nomura Holdings ( NMR), up 0.7%. A company within the industry that fell today was Visa ( V), up 0.7%.

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

3. Equifax ( EFX) is one of the companies pushing the Financial Services industry higher today. As of noon trading, Equifax is up $1.53 (2.2%) to $69.98 on average volume. Thus far, 423,339 shares of Equifax exchanged hands as compared to its average daily volume of 690,400 shares. The stock has ranged in price between $69.34-$70.41 after having opened the day at $69.83 as compared to the previous trading day's close of $68.45.

Equifax Inc. provides information solutions and human resources business process outsourcing services for businesses, governments, and consumers. The company's U.S. Equifax has a market cap of $8.3 billion and is part of the financial sector. Shares are down 0.9% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate Equifax a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Equifax as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, revenue growth and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Equifax Ratings Report now.

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2. As of noon trading, Northern ( NTRS) is up $0.54 (0.9%) to $60.83 on average volume. Thus far, 557,780 shares of Northern exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $60.15-$61.00 after having opened the day at $60.15 as compared to the previous trading day's close of $60.29.

Northern Trust Corporation, through its subsidiaries, provides investment management, asset and fund administration, banking solutions, and fiduciary services for corporations, institutions, and affluent individuals worldwide. Northern has a market cap of $14.2 billion and is part of the financial sector. Shares are down 2.6% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate Northern a buy, 5 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Northern as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, reasonable valuation levels, expanding profit margins 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 Northern 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 New York Mellon ( BK) is up $0.30 (0.9%) to $33.88 on light volume. Thus far, 2.0 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 5.9 million shares. The stock has ranged in price between $33.43-$33.90 after having opened the day at $33.55 as compared to the previous trading day's close of $33.58.

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 $38.3 billion and is part of the financial sector. Shares are down 3.4% year-to-date as of the close of trading on Tuesday. 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, solid stock price performance and expanding profit margins. 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.

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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