3 Financial Stocks Pushing Sector Growth

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 28 points (0.2%) at 16,953 as of Monday, June 9, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,914 issues advancing vs. 1,041 declining with 157 unchanged.

The Financial sector currently sits up 0.3% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Comerica ( CMA), up 3.2%, National Bank of Greece ( NBG), up 2.5%, KeyCorp ( KEY), up 2.4%, SunTrust Banks ( STI), up 2.3% and Regions Financial ( RF), up 2.1%. On the negative front, top decliners within the sector include Realty Income ( O), down 1.7%, HCP ( HCP), down 1.5%, AvalonBay Communities ( AVB), down 1.4%, Equity Residential ( EQR), down 1.4% and Ventas ( VTR), down 1.3%.

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

3. JPMorgan Chase ( JPM) is one of the companies pushing the Financial sector higher today. As of noon trading, JPMorgan Chase is up $0.60 (1.1%) to $57.57 on light volume. Thus far, 5.8 million shares of JPMorgan Chase exchanged hands as compared to its average daily volume of 17.8 million shares. The stock has ranged in price between $56.90-$57.66 after having opened the day at $56.91 as compared to the previous trading day's close of $56.97.

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 $214.3 billion and is part of the banking industry. Shares are down 2.6% year-to-date as of the close of trading on Friday. 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 increase in stock price during the past year 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 JPMorgan Chase Ratings Report now.

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