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.

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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.

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