3 Financial Services Stocks Moving The Industry 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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 32 points (-0.2%) at 17,036 as of Thursday, Sept. 11, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,537 issues advancing vs. 1,470 declining with 140 unchanged.

The Financial Services industry currently sits down 0.1% versus the S&P 500, which is down 0.1%. Top gainers within the industry include Legg Mason ( LM), up 1.6%, HD Supply Holdings ( HDS), up 1.3% and Goldman Sachs Group ( GS), up 0.8%. On the negative front, top decliners within the industry include Orix ( IX), down 1.8%, Western Union ( WU), down 0.7% and Visa ( V), down 0.5%.

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

3. State Street ( STT) is one of the companies pushing the Financial Services industry higher today. As of noon trading, State Street is up $0.58 (0.8%) to $72.77 on average volume. Thus far, 834,864 shares of State Street exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $71.80-$72.91 after having opened the day at $71.80 as compared to the previous trading day's close of $72.19.

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

State Street Corporation provides various financial services and products to institutional investors worldwide. State Street has a market cap of $30.3 billion and is part of the financial sector. Shares are down 1.6% year-to-date as of the close of trading on Wednesday. Currently there are 7 analysts who rate State Street a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates State Street as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, expanding profit margins, good cash flow from operations 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 State Street 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, Bank of New York Mellon ( BK) is up $0.20 (0.5%) to $39.32 on average volume. Thus far, 3.0 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 5.8 million shares. The stock has ranged in price between $38.94-$39.38 after having opened the day at $38.97 as compared to the previous trading day's close of $39.13.

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

The Bank of New York Mellon Corporation provides various financial products and services in the United States and internationally. Its Investment Management segment provides institutional, intermediary, retirement and retail investment management, distribution, and related services. Bank of New York Mellon has a market cap of $43.9 billion and is part of the financial sector. Shares are up 12.0% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts who rate Bank of New York Mellon a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Bank of New York Mellon as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, reasonable valuation levels, good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Bank of New York Mellon 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, Morgan Stanley ( MS) is up $0.30 (0.9%) to $34.64 on light volume. Thus far, 3.0 million shares of Morgan Stanley exchanged hands as compared to its average daily volume of 8.4 million shares. The stock has ranged in price between $34.10-$34.74 after having opened the day at $34.10 as compared to the previous trading day's close of $34.33.

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

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 $66.6 billion and is part of the financial sector. Shares are up 9.5% year-to-date as of the close of trading on Wednesday. Currently there are 6 analysts who rate Morgan Stanley a buy, no analysts rate it a sell, and 8 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 revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. Get the full Morgan Stanley 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 services industry could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial services industry could consider Proshares Short Financials ( SEF).

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