3 Stocks Pushing 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.

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.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

2. As of noon trading, Discover Financial Services ( DFS) is up $0.50 (0.8%) to $62.45 on average volume. Thus far, 1.4 million shares of Discover Financial Services exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $62.21-$62.62 after having opened the day at $62.24 as compared to the previous trading day's close of $61.95.

Discover Financial Services, a bank holding company, provides a range of financial products and services in the United States. The company operates in two segments, Direct Banking and Payment Services. Discover Financial Services has a market cap of $28.9 billion and is part of the financial services industry. Shares are up 10.7% year-to-date as of the close of trading on Thursday. Currently there are 11 analysts who rate Discover Financial Services a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Discover Financial Services as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Discover Financial Services Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

1. As of noon trading, Goldman Sachs Group ( GS) is up $0.98 (0.6%) to $170.71 on heavy volume. Thus far, 2.9 million shares of Goldman Sachs Group exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $169.42-$171.08 after having opened the day at $170.32 as compared to the previous trading day's close of $169.73.

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Goldman Sachs Group has a market cap of $76.0 billion and is part of the financial services industry. Shares are down 4.2% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate Goldman Sachs Group a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates Goldman Sachs Group as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Goldman Sachs Group Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).

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