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 17 points (0.1%) at 16,651 as of Thursday, May 29, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,820 issues advancing vs. 1,121 declining with 182 unchanged.

The Financial sector currently sits up 0.2% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Orix ( IX), up 1.7%, Mitsubishi UFJ Financial Group ( MTU), up 1.6%, Nomura Holdings ( NMR), up 1.4%, BlackRock ( BLK), up 1.0% and TD Ameritrade ( AMTD), up 0.9%. On the negative front, top decliners within the sector include Lincoln National Corp (Radnor ( LNC), down 1.5%, Canadian Imperial Bank of Commerce ( CM), down 1.3%, MetLife ( MET), down 0.8%, Sun Life Financial ( SLF), down 0.8% and Manulife Financial Corporation ( MFC), down 0.6%.

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

3. Invesco ( IVZ) is one of the companies pushing the Financial sector higher today. As of noon trading, Invesco is up $0.66 (1.8%) to $36.60 on average volume. Thus far, 2.1 million shares of Invesco exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $35.91-$36.61 after having opened the day at $36.00 as compared to the previous trading day's close of $35.94.

Invesco Ltd. is a publicly owned investment manager. It primarily provides its services to institutional clients including major public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, and financial institutions. Invesco has a market cap of $15.6 billion and is part of the financial services industry. Shares are down 1.3% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts who rate Invesco a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Invesco as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, 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 sub par growth in net income. Get the full Invesco Ratings Report now.

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