3 Stocks Improving Performance Of The Financial Services Industry

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One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 7 points (0.0%) at 17,032 as of Friday, Aug. 22, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,152 issues advancing vs. 1,771 declining with 181 unchanged.

The Financial Services industry currently sits down 0.2% versus the S&P 500, which is unchanged. A company within the industry that increased today was Charles Schwab ( SCHW), up 1.2%. On the negative front, top decliners within the industry include AllianceBernstein Holding L.P ( AB), down 2.2%, Orix ( IX), down 1.1%, Nomura Holdings ( NMR), down 1.1% and MasterCard ( MA), down 0.6%.

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

3. Raymond James Financial ( RJF) is one of the companies pushing the Financial Services industry higher today. As of noon trading, Raymond James Financial is up $0.38 (0.7%) to $54.40 on average volume. Thus far, 214,568 shares of Raymond James Financial exchanged hands as compared to its average daily volume of 550,500 shares. The stock has ranged in price between $53.69-$54.50 after having opened the day at $53.90 as compared to the previous trading day's close of $54.02.

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Raymond James Financial, Inc., a financial holding company, through its subsidiaries, is engaged in the underwriting, distribution, trading, and brokerage of equity and debt securities, as well as the sale of mutual funds and other investment products in the United States, Canada, and Europe. Raymond James Financial has a market cap of $7.5 billion and is part of the financial sector. Shares are up 3.5% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate Raymond James Financial a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Raymond James Financial 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 notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Raymond James Financial Ratings Report now.

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