3 Financial Services Stocks On The Rise

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 62 points (0.4%) at 17,123 as of Wednesday, July 16, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,670 issues advancing vs. 1,271 declining with 202 unchanged.

The Financial Services industry currently sits up 0.1% versus the S&P 500, which is up 0.4%. Top gainers within the industry include Cash America International ( CSH), up 5.8%, Carlyle Group L P ( CG), up 2.5%, Western Union ( WU), up 1.3%, Blackstone Group ( BX), up 0.9% and Nomura Holdings ( NMR), up 0.7%. On the negative front, top decliners within the industry include Orix ( IX), down 1.2%, Charles Schwab ( SCHW), down 1.0%, TD Ameritrade ( AMTD), down 0.7% and Capital One Financial ( COF), down 0.7%.

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

3. Legg Mason ( LM) is one of the companies pushing the Financial Services industry higher today. As of noon trading, Legg Mason is up $0.38 (0.8%) to $50.78 on light volume. Thus far, 285,285 shares of Legg Mason exchanged hands as compared to its average daily volume of 812,100 shares. The stock has ranged in price between $50.51-$50.99 after having opened the day at $50.71 as compared to the previous trading day's close of $50.40.

Legg Mason Inc. is a publicly owned asset management holding company. The firm through its subsidiaries provides investment management and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles. Legg Mason Inc. Legg Mason has a market cap of $5.9 billion and is part of the financial sector. Shares are up 15.9% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate Legg Mason a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Legg Mason as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Legg Mason Ratings Report now.

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