3 Financial Stocks Pushing Sector Growth

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 77 points (0.5%) at 17,053 as of Thursday, July 3, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,714 issues advancing vs. 1,323 declining with 126 unchanged.

The Financial sector currently sits up 0.1% versus the S&P 500, which is up 0.5%. Top gainers within the sector include TD Ameritrade ( AMTD), up 2.9%, Aegon ( AEG), up 2.9%, Grupo Financiero Santander Mexico SAB de CV ( BSMX), up 2.7%, Charles Schwab ( SCHW), up 2.7% and Deutsche Bank ( DB), up 2.4%. On the negative front, top decliners within the sector include Annaly Capital Management ( NLY), down 1.4%, HCP ( HCP), down 1.2%, Health Care REIT ( HCN), down 0.8% and Orix ( IX), down 0.7%.

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

3. Goldman Sachs Group ( GS) is one of the companies pushing the Financial sector higher today. As of noon trading, Goldman Sachs Group is up $2.32 (1.4%) to $169.21 on average volume. Thus far, 1.3 million shares of Goldman Sachs Group exchanged hands as compared to its average daily volume of 2.8 million shares. The stock has ranged in price between $167.72-$169.90 after having opened the day at $167.83 as compared to the previous trading day's close of $166.89.

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 $74.6 billion and is part of the financial services industry. Shares are down 5.8% year-to-date as of the close of trading on Wednesday. Currently there are 2 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.

2. As of noon trading, Wells Fargo ( WFC) is up $0.29 (0.6%) to $52.95 on average volume. Thus far, 5.7 million shares of Wells Fargo exchanged hands as compared to its average daily volume of 15.1 million shares. The stock has ranged in price between $52.83-$53.08 after having opened the day at $52.89 as compared to the previous trading day's close of $52.66.

Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Wells Fargo has a market cap of $277.7 billion and is part of the banking industry. Shares are up 16.0% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts who rate Wells Fargo a buy, 2 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Wells Fargo as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Wells Fargo 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 $0.18 (1.2%) to $16.04 on average volume. Thus far, 55.5 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 79.1 million shares. The stock has ranged in price between $16.00-$16.23 after having opened the day at $16.07 as compared to the previous trading day's close of $15.85.

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 $164.0 billion and is part of the banking industry. Shares are up 1.8% year-to-date as of the close of trading on Wednesday. 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).
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