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.

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