3 Financial Stocks Moving The Sector Upward

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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 89 points (-0.5%) at 16,857 as of Wednesday, June 11, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,007 issues advancing vs. 1,935 declining with 173 unchanged.

The Financial sector currently sits down 0.3% versus the S&P 500, which is down 0.3%. Top gainers within the sector include Woori Finance Holdings ( WF), up 2.4%, Lloyds Banking Group ( LYG), up 1.7% and Nomura Holdings ( NMR), up 0.5%. On the negative front, top decliners within the sector include Genworth Financial ( GNW), down 2.3%, American Realty Capital Properties ( ARCP), down 2.1%, TD Ameritrade ( AMTD), down 1.9%, UBS ( UBS), down 1.7% and Brookfield Asset Management ( BAM), down 1.3%.

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 $5.97 on heavy volume. Thus far, 1.7 million shares of Mitsubishi UFJ Financial Group exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $5.95-$5.97 after having opened the day at $5.95 as compared to the previous trading day's close of $5.89.

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 $84.0 billion and is part of the banking industry. Shares are down 11.8% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate Mitsubishi UFJ Financial Group a buy, no analysts rate it a sell, and none rate 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 feeble growth in the company's earnings per share and unimpressive growth in net income. Get the full Mitsubishi UFJ Financial Group Ratings Report now.

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