Today's Stocks Driving Success For The Financial Sector

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 29 points (-0.2%) at 16,918 as of Monday, June 23, 2014, 1:00 PM ET. The NYSE advances/declines ratio sits at 1,480 issues advancing vs. 1,509 declining with 147 unchanged.

The Financial sector currently sits down 0.1% versus the S&P 500, which is down 0.1%. Top gainers within the sector include Corpbanca ( BCA), up 3.3%, NASDAQ OMX Group ( NDAQ), up 2.3%, HDFC Bank ( HDB), up 1.6%, Citigroup ( C), up 1.4% and Grupo Financiero Santander Mexico SAB de CV ( BSMX), up 0.7%. On the negative front, top decliners within the sector include Altisource Asset Management ( AAMC), down 21.8%, Nomura Holdings ( NMR), down 2.7%, Woori Finance Holdings ( WF), down 2.6%, National Bank of Greece ( NBG), down 2.0% and Royal Bank of Scotland Group (The ( RBS), down 1.8%.

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

3. Allstate ( ALL) is one of the companies pushing the Financial sector higher today. As of noon trading, Allstate is up $0.32 (0.6%) to $59.14 on average volume. Thus far, 1.7 million shares of Allstate exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $58.89-$59.50 after having opened the day at $58.89 as compared to the previous trading day's close of $58.82.

The Allstate Corporation, through its subsidiaries, provides personal property and casualty insurance, life insurance, and retirement and investment products primarily in the United States. Allstate has a market cap of $25.5 billion and is part of the insurance industry. Shares are up 7.8% year-to-date as of the close of trading on Friday. Currently there are 10 analysts who rate Allstate a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Allstate as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Allstate 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, JPMorgan Chase ( JPM) is up $0.54 (0.9%) to $58.09 on average volume. Thus far, 7.1 million shares of JPMorgan Chase exchanged hands as compared to its average daily volume of 16.5 million shares. The stock has ranged in price between $57.24-$58.09 after having opened the day at $57.54 as compared to the previous trading day's close of $57.55.

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 $216.9 billion and is part of the banking industry. Shares are down 1.6% 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.

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, Bank of America Corporation ( BAC) is up $0.16 (1.0%) to $15.61 on light volume. Thus far, 30.2 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 83.3 million shares. The stock has ranged in price between $15.38-$15.61 after having opened the day at $15.47 as compared to the previous trading day's close of $15.45.

Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, corporations, and governments in the United States and internationally. Bank of America Corporation has a market cap of $163.5 billion and is part of the banking industry. Shares are down 0.8% year-to-date as of the close of trading on Friday. Currently there are 8 analysts who rate Bank of America Corporation a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Bank of America Corporation as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins, notable return on equity 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 Bank of America Corporation 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).

null

More from Markets

Let the Najarian Brothers Help You Generate Income With Options

Let the Najarian Brothers Help You Generate Income With Options

Oil Stocks Jump as Global Crude Oil Rally Gains Steam

Oil Stocks Jump as Global Crude Oil Rally Gains Steam

P&G Tops Forecasts in Early Q3 Earnings Release Following Merck KGaA Deal

P&G Tops Forecasts in Early Q3 Earnings Release Following Merck KGaA Deal

Amazon Prime Tops 100 Million Members and 4 Other Stories You Must Know Thursday

Amazon Prime Tops 100 Million Members and 4 Other Stories You Must Know Thursday

Amazon, Procter & Gamble, Southwest and Netflix - 5 Things You Must Know

Amazon, Procter & Gamble, Southwest and Netflix - 5 Things You Must Know