3 Financial Stocks Driving The 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 21 points (0.1%) at 16,839 as of Wednesday, June 25, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,709 issues advancing vs. 1,282 declining with 166 unchanged.

The Financial sector currently is unchanged today versus the S&P 500, which is up 0.2%. Top gainers within the sector include Zillow ( Z), up 2.6%, Northstar Realty Finance ( NRF), up 1.6%, Affiliated Managers Group ( AMG), up 1.3%, Equity Residential ( EQR), up 0.8% and Brookfield Asset Management ( BAM), up 0.7%. On the negative front, top decliners within the sector include MBIA ( MBI), down 3.9%, National Bank of Greece ( NBG), down 3.2%, CoStar Group ( CSGP), down 2.1%, Canadian Imperial Bank of Commerce ( CM), down 1.4% and Grupo Financiero Santander Mexico SAB de CV ( BSMX), down 0.5%.

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

3. UBS ( UBS) is one of the companies pushing the Financial sector higher today. As of noon trading, UBS is up $0.34 (1.8%) to $18.93 on heavy volume. Thus far, 2.7 million shares of UBS exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $18.85-$18.97 after having opened the day at $18.89 as compared to the previous trading day's close of $18.59.

UBS AG, a financial services firm, provides retail, wealth management, corporate and institutional banking, asset management, and investment banking products and services worldwide. The company's Wealth Management division provides financial services to high net worth individuals. UBS has a market cap of $71.5 billion and is part of the banking industry. Shares are down 3.4% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate UBS a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates UBS as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full UBS 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, Aon plc ( AON) is up $0.49 (0.6%) to $90.37 on light volume. Thus far, 454,958 shares of Aon plc exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $89.51-$90.38 after having opened the day at $89.51 as compared to the previous trading day's close of $89.88.

Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. Aon plc has a market cap of $26.9 billion and is part of the insurance industry. Shares are up 7.1% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate Aon plc a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Aon plc as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, notable return on equity, solid stock price performance and compelling growth in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Aon plc 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, Regions Financial ( RF) is up $0.07 (0.7%) to $10.65 on average volume. Thus far, 7.8 million shares of Regions Financial exchanged hands as compared to its average daily volume of 13.9 million shares. The stock has ranged in price between $10.43-$10.65 after having opened the day at $10.56 as compared to the previous trading day's close of $10.58.

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. The company operates in three segments: Business Services, Consumer Services, and Wealth Management. Regions Financial has a market cap of $14.9 billion and is part of the banking industry. Shares are up 7.0% year-to-date as of the close of trading on Tuesday. Currently there are 9 analysts who rate Regions Financial a buy, 2 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Regions Financial as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Regions 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.

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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