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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 63 points (0.4%) at 17,115 as of Tuesday, July 22, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,207 issues advancing vs. 762 declining with 147 unchanged.

The Financial sector currently sits up 0.4% versus the S&P 500, which is up 0.6%. Top gainers within the sector include CIT Group ( CIT), up 11.3%, Realogy Holdings ( RLGY), up 3.4%, HDFC Bank ( HDB), up 3.1%, Woori Finance Holdings ( WF), up 2.5% and CME Group ( CME), up 1.6%. On the negative front, top decliners within the sector include Altisource Asset Management ( AAMC), down 9.9%, BancorpSouth ( BXS), down 6.6%, Credit Suisse Group ( CS), down 1.6%, State Street ( STT), down 1.1% and Aegon ( AEG), down 0.9%.

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

3. Bank of New York Mellon ( BK) is one of the companies pushing the Financial sector higher today. As of noon trading, Bank of New York Mellon is up $0.59 (1.5%) to $39.03 on average volume. Thus far, 3.5 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 5.0 million shares. The stock has ranged in price between $38.55-$39.06 after having opened the day at $38.59 as compared to the previous trading day's close of $38.44.

The Bank of New York Mellon Corporation provides various financial products and services in the United States and internationally. Its Investment Management segment provides institutional, intermediary, retirement and retail investment management, distribution, and related services. Bank of New York Mellon has a market cap of $43.5 billion and is part of the financial services industry. Shares are up 10.0% year-to-date as of the close of trading on Monday. Currently there are 5 analysts who rate Bank of New York Mellon a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Bank of New York Mellon as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, compelling growth in net income and good cash flow from operations. 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 Bank of New York Mellon Ratings Report now.

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