3 Financial Stocks Driving 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 30 points (0.2%) at 16,949 as of Wednesday, Aug. 20, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,346 issues advancing vs. 1,589 declining with 185 unchanged.

The Financial sector currently sits down 0.1% versus the S&P 500, which is up 0.1%. Top gainers within the sector include Zillow ( Z), up 2.2%, Invesco ( IVZ), up 1.4%, Icahn ( IEP), up 1.3%, Lincoln National ( LNC), up 1.2% and Digital Realty ( DLR), up 1.1%. On the negative front, top decliners within the sector include Bbva Banco FrancesS.A ( BFR), down 6.4%, Orix ( IX), down 2.3%, Shinhan Financial Group ( SHG), down 1.7%, Mitsubishi UFJ Financial Group ( MTU), down 1.1% and American Tower ( AMT), down 0.6%.

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

3. Charles Schwab ( SCHW) is one of the companies pushing the Financial sector higher today. As of noon trading, Charles Schwab is up $0.58 (2.1%) to $28.41 on average volume. Thus far, 2.8 million shares of Charles Schwab exchanged hands as compared to its average daily volume of 5.7 million shares. The stock has ranged in price between $27.79-$28.44 after having opened the day at $27.83 as compared to the previous trading day's close of $27.83.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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 $36.3 billion and is part of the financial services industry. Shares are up 7.0% year-to-date as of the close of trading on Tuesday. Currently there are 5 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, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Charles Schwab Ratings Report now.

STOCKS TO BUY: 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, Capital One Financial ( COF) is up $0.49 (0.6%) to $80.97 on light volume. Thus far, 979,851 shares of Capital One Financial exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $80.26-$80.99 after having opened the day at $80.49 as compared to the previous trading day's close of $80.48.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Capital One Financial Corporation operates as the bank holding company for Capital One Bank (USA), National Association (COBNA); and Capital One, National Association (CONA), which provide various financial products and services in the United States, the United Kingdom, and Canada. Capital One Financial has a market cap of $45.1 billion and is part of the financial services industry. Shares are up 5.0% year-to-date as of the close of trading on Tuesday. Currently there are 14 analysts who rate Capital One Financial a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Capital One Financial as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Capital One Financial Ratings Report now.

STOCKS TO BUY: 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, American Express ( AXP) is up $0.45 (0.5%) to $88.57 on average volume. Thus far, 1.5 million shares of American Express exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $87.90-$88.64 after having opened the day at $88.12 as compared to the previous trading day's close of $88.12.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. The company operates through four segments: U.S. American Express has a market cap of $91.2 billion and is part of the financial services industry. Shares are down 2.9% year-to-date as of the close of trading on Tuesday. Currently there are 12 analysts who rate American Express a buy, 3 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates American Express as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, growth in earnings per share, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full American Express Ratings Report now.

STOCKS TO BUY: 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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