3 Financial Stocks Moving The Sector Upward

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 67 points (0.4%) at 16,436 as of Friday, Aug. 8, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,992 issues advancing vs. 961 declining with 169 unchanged.

The Financial sector currently sits up 0.3% versus the S&P 500, which is up 0.4%. Top gainers within the sector include UBS ( UBS), up 2.8%, Howard Hughes ( HHC), up 3.0%, Royal Bank of Scotland Group (The ( RBS), up 2.6%, Credicorp ( BAP), up 1.9% and Credit Suisse Group ( CS), up 1.3%. On the negative front, top decliners within the sector include Grupo Financiero Santander Mexico SAB de CV ( BSMX), down 1.7%, HDFC Bank ( HDB), down 2.1%, Orix ( IX), down 1.6%, Toronto-Dominion Bank ( TD), down 1.2% and Bank of Montreal ( BMO), down 1.3%.

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

3. Morgan Stanley ( MS) is one of the companies pushing the Financial sector higher today. As of noon trading, Morgan Stanley is up $0.18 (0.6%) to $31.54 on average volume. Thus far, 3.4 million shares of Morgan Stanley exchanged hands as compared to its average daily volume of 9.1 million shares. The stock has ranged in price between $31.12-$31.60 after having opened the day at $31.40 as compared to the previous trading day's close of $31.36.

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. Morgan Stanley has a market cap of $62.2 billion and is part of the financial services industry. Shares are unchanged year-to-date as of the close of trading on Thursday. Currently there are 8 analysts who rate Morgan Stanley a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Morgan Stanley as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. Get the full Morgan Stanley Ratings Report now.

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