3 Financial Stocks Pushing Sector Growth

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 40 points (0.2%) at 17,108 as of Wednesday, Sept. 3, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,478 issues advancing vs. 1,497 declining with 182 unchanged.

The Financial sector currently is unchanged today versus the S&P 500, which is up 0.1%. Top gainers within the sector include Shinhan Financial Group ( SHG), up 2.9%, Woori Finance Holdings ( WF), up 2.6%, Aegon ( AEG), up 2.6%, Grupo Financiero Santander Mexico SAB de CV ( BSMX), up 2.3% and KB Financial Group ( KB), up 2.2%. On the negative front, top decliners within the sector include American Tower ( AMT), down 0.7%, and Ameriprise Financial ( AMP), down 0.6%.

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

3. Bank of Montreal ( BMO) is one of the companies pushing the Financial sector higher today. As of noon trading, Bank of Montreal is up $0.86 (1.1%) to $78.29 on average volume. Thus far, 192,997 shares of Bank of Montreal exchanged hands as compared to its average daily volume of 330,400 shares. The stock has ranged in price between $77.71-$78.32 after having opened the day at $77.88 as compared to the previous trading day's close of $77.43.

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

Bank of Montreal provides various retail banking, wealth management, and investment banking products and services in Canada, the United States, and internationally. Bank of Montreal has a market cap of $49.7 billion and is part of the banking industry. Shares are up 16.2% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates Bank of Montreal a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Bank of Montreal as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow. Get the full Bank of Montreal 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, Manulife Financial ( MFC) is up $0.26 (1.3%) to $20.52 on average volume. Thus far, 655,778 shares of Manulife Financial exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $20.34-$20.58 after having opened the day at $20.39 as compared to the previous trading day's close of $20.27.

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

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 has a market cap of $37.5 billion and is part of the insurance industry. Shares are up 2.7% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate Manulife Financial a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Manulife Financial as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Manulife 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, Royal Bank Of Canada ( RY) is up $0.58 (0.8%) to $74.81 on average volume. Thus far, 245,919 shares of Royal Bank Of Canada exchanged hands as compared to its average daily volume of 424,600 shares. The stock has ranged in price between $74.41-$74.85 after having opened the day at $74.58 as compared to the previous trading day's close of $74.23.

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

Royal Bank of Canada, a diversified financial service company, provides personal and commercial banking, wealth management, insurance, investor, and capital markets products and services worldwide. Royal Bank Of Canada has a market cap of $107.1 billion and is part of the banking industry. Shares are up 10.4% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts who rate Royal Bank Of Canada a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Royal Bank Of Canada 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, increase in net income, good cash flow from operations and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Royal Bank Of Canada 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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