3 Stocks Driving The Financial 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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 24 points (0.1%) at 16,720 as of Tuesday, May 13, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,382 issues advancing vs. 1,595 declining with 161 unchanged.

The Financial sector currently sits down 0.2% versus the S&P 500, which is unchanged. Top gainers within the sector include Woori Finance Holdings ( WF), up 4.0%, Grupo Financiero Santander Mexico SAB de CV ( BSMX), up 3.0%, KKR ( KKR), up 2.3%, Shinhan Financial Group ( SHG), up 1.9% and Lazard ( LAZ), up 1.7%. On the negative front, top decliners within the sector include Financial Engines ( FNGN), down 4.2%, National Bank of Greece ( NBG), down 4.2%, HDFC Bank ( HDB), down 2.7%, CoStar Group ( CSGP), down 2.4% and Prospect Capital Corporation ( PSEC), down 2.5%.

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

3. Mitsubishi UFJ Financial Group ( MTU) is one of the companies pushing the Financial sector higher today. As of noon trading, Mitsubishi UFJ Financial Group is up $0.08 (1.4%) to $5.64 on light volume. Thus far, 617,207 shares of Mitsubishi UFJ Financial Group exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $5.60-$5.64 after having opened the day at $5.62 as compared to the previous trading day's close of $5.56.

Mitsubishi UFJ Financial Group, Inc., through its subsidiaries, provides financial services in Japan and internationally. The company also engages in the wholesale and retail securities businesses. Mitsubishi UFJ Financial Group has a market cap of $77.2 billion and is part of the banking industry. Shares are down 16.8% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates Mitsubishi UFJ Financial Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Mitsubishi UFJ Financial Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. Get the full Mitsubishi UFJ Financial Group Ratings Report now.

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