3 Financial Services Stocks On The Rise

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 25 points (-0.1%) at 16,936 as of Monday, July 28, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,030 issues advancing vs. 1,900 declining with 205 unchanged.

The Financial Services industry currently sits down 0.2% versus the S&P 500, which is down 0.2%. Top gainers within the industry include Noah Holdings ( NOAH), up 5.1%, and NASDAQ OMX Group ( NDAQ), up 0.5%. On the negative front, top decliners within the industry include Altisource Asset Management ( AAMC), down 3.4%, AllianceBernstein Holding L.P ( AB), down 2.2%, Apollo Global Management LLC Class A ( APO), down 1.8%, KKR ( KKR), down 1.4% and Principal Financial Group ( PFG), down 1.3%.

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

3. CIT Group ( CIT) is one of the companies pushing the Financial Services industry higher today. As of noon trading, CIT Group is up $0.56 (1.1%) to $49.70 on average volume. Thus far, 1.0 million shares of CIT Group exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $49.40-$50.23 after having opened the day at $50.14 as compared to the previous trading day's close of $49.14.

CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing and leasing products; and a suite of savings options in the United States. CIT Group has a market cap of $9.4 billion and is part of the financial sector. Shares are down 5.7% year-to-date as of the close of trading on Friday. Currently there are 7 analysts who rate CIT Group a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates CIT Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Get the full CIT 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, Affiliated Managers Group ( AMG) is up $1.02 (0.5%) to $206.16 on light volume. Thus far, 191,469 shares of Affiliated Managers Group exchanged hands as compared to its average daily volume of 586,300 shares. The stock has ranged in price between $204.49-$206.32 after having opened the day at $205.13 as compared to the previous trading day's close of $205.14.

Affiliated Managers Group, Inc., through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. Affiliated Managers Group has a market cap of $11.4 billion and is part of the financial sector. Shares are down 5.4% year-to-date as of the close of trading on Friday. Currently there are 6 analysts who rate Affiliated Managers Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Affiliated Managers Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. 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 Affiliated Managers 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.

1. As of noon trading, Charles Schwab ( SCHW) is up $0.25 (0.9%) to $27.75 on light volume. Thus far, 1.7 million shares of Charles Schwab exchanged hands as compared to its average daily volume of 6.3 million shares. The stock has ranged in price between $27.37-$27.75 after having opened the day at $27.48 as compared to the previous trading day's close of $27.50.

The Charles Schwab Corporation, through its subsidiaries, provides securities brokerage, banking, money management, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. Charles Schwab has a market cap of $36.2 billion and is part of the financial sector. Shares are up 5.8% year-to-date as of the close of trading on Friday. Currently there are 4 analysts who rate Charles Schwab a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Charles Schwab as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and solid stock price performance. 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 Charles Schwab 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 services industry could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial services industry could consider Proshares Short Financials ( SEF).

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