3 Stocks Pushing The Financial Sector Higher

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Two out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 34 points (0.2%) at 16,956 as of Friday, June 20, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,547 issues advancing vs. 1,406 declining with 177 unchanged.

The Financial sector currently sits up 0.1% versus the S&P 500, which is up 0.1%. Top gainers within the sector include American Realty Capital Properties ( ARCP), up 2.7%, Capital One Financial ( COF), up 2.0%, Lincoln National ( LNC), up 1.6%, Manulife Financial Corporation ( MFC), up 1.5% and U.S. Bancorp ( USB), up 1.3%. On the negative front, top decliners within the sector include Deutsche Bank ( DB), down 3.3%, Lloyds Banking Group ( LYG), down 1.6%, HDFC Bank ( HDB), down 1.6%, Credit Suisse Group ( CS), down 1.2% and Royal Bank of Scotland Group (The ( RBS), down 1.0%.

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

3. Ameriprise Financial ( AMP) is one of the companies pushing the Financial sector higher today. As of noon trading, Ameriprise Financial is up $1.29 (1.1%) to $119.09 on average volume. Thus far, 539,415 shares of Ameriprise Financial exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $117.91-$119.37 after having opened the day at $118.08 as compared to the previous trading day's close of $117.80.

Ameriprise Financial, Inc., through its subsidiaries, provides a range of financial products and services in the United States and internationally. Ameriprise Financial has a market cap of $22.4 billion and is part of the financial services industry. Shares are up 2.4% year-to-date as of the close of trading on Thursday. Currently there are 4 analysts who rate Ameriprise Financial a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Ameriprise Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Ameriprise Financial Ratings Report now.

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