3 Financial Stocks Pushing The Sector Higher

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 48 points (-0.3%) at 16,864 as of Wednesday, July 30, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,073 issues advancing vs. 1,897 declining with 171 unchanged.

The Financial sector currently sits down 0.1% versus the S&P 500, which is down 0.1%. Top gainers within the sector include GFI Group ( GFIG), up 43.4%, Bbva Banco FrancesS.A ( BFR), up 15.7%, Macro Bank ( BMA), up 14.0%, Orix ( IX), up 4.4% and American Tower ( AMT), up 3.8%. On the negative front, top decliners within the sector include Aflac ( AFL), down 3.7%, CBRE Group ( CBG), down 2.5%, Plum Creek Timber ( PCL), down 2.2%, American Capital Agency ( AGNC), down 2.0% and UBS ( UBS), down 1.9%.

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

3. Manulife Financial Corporation ( MFC) is one of the companies pushing the Financial sector higher today. As of noon trading, Manulife Financial Corporation is up $0.14 (0.7%) to $20.49 on average volume. Thus far, 845,533 shares of Manulife Financial Corporation exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $20.33-$20.50 after having opened the day at $20.40 as compared to the previous trading day's close of $20.35.

Manulife Financial Corporation, together with its subsidiaries, provides financial protection and wealth management products and services to individual, corporate, and business customers primarily in Asia, Canada, and the United States. The company operates through Asia, Canadian, and U.S. Manulife Financial Corporation has a market cap of $37.8 billion and is part of the insurance industry. Shares are up 3.1% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate Manulife Financial Corporation a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Manulife Financial Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, compelling growth in net income, impressive record of earnings per share growth and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Manulife Financial Corporation Ratings Report now.

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2. As of noon trading, Comerica ( CMA) is up $0.93 (1.9%) to $50.52 on heavy volume. Thus far, 1.1 million shares of Comerica exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $49.88-$50.52 after having opened the day at $49.88 as compared to the previous trading day's close of $49.59.

Comerica Incorporated, through its subsidiaries, provides financial products and services. The company operates in three segments: Business Bank, Retail Bank, and Wealth Management. Comerica has a market cap of $9.0 billion and is part of the banking industry. Shares are up 4.3% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate Comerica a buy, 3 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Comerica as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Comerica 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 New York Mellon ( BK) is up $0.38 (1.0%) to $39.60 on average volume. Thus far, 2.9 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 5.1 million shares. The stock has ranged in price between $39.43-$39.76 after having opened the day at $39.47 as compared to the previous trading day's close of $39.22.

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 $45.0 billion and is part of the financial services industry. Shares are up 12.2% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate Bank of New York Mellon a buy, 1 analyst rates it a sell, and 9 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 reasonable valuation levels, solid stock price performance, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Bank of New York Mellon 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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