3 Stocks Boosting The Financial 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 97 points (0.6%) at 17,481 as of Wednesday, Nov. 5, 2014, 12:20 PM ET. The NYSE advances/declines ratio sits at 1,800 issues advancing vs. 1,144 declining with 202 unchanged.

The Financial sector currently sits up 0.1% versus the S&P 500, which is up 0.5%. Top gainers within the sector include American Realty Capital Properties ( ARCP), up 6.3%, National Bank of Greece ( NBG), up 3.7%, Visa ( V), up 2.5%, MasterCard ( MA), up 2.2% and Sun Life Financial ( SLF), up 2.2%. On the negative front, top decliners within the sector include Shinhan Financial Group ( SHG), down 3.0%, Orix ( IX), down 2.5%, Capital One Financial ( COF), down 1.2%, Health Care REIT ( HCN), down 1.1% and AvalonBay Communities ( AVB), down 1.0%.

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

3. SunTrust Banks ( STI) is one of the companies pushing the Financial sector higher today. As of noon trading, SunTrust Banks is up $0.44 (1.1%) to $39.49 on light volume. Thus far, 944,929 shares of SunTrust Banks exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $39.14-$39.50 after having opened the day at $39.30 as compared to the previous trading day's close of $39.05.

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

SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services in the United States. The company operates in three segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. SunTrust Banks has a market cap of $20.7 billion and is part of the banking industry. Shares are up 6.1% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts who rate SunTrust Banks a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates SunTrust Banks 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, compelling growth in net income, expanding profit margins and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full SunTrust Banks 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, Discover Financial Services ( DFS) is up $0.43 (0.7%) to $64.63 on average volume. Thus far, 1.6 million shares of Discover Financial Services exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $64.19-$64.98 after having opened the day at $64.69 as compared to the previous trading day's close of $64.20.

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

Discover Financial Services, a bank holding company, provides a range of financial products and services in the United States. The company operates in two segments, Direct Banking and Payment Services. Discover Financial Services has a market cap of $28.9 billion and is part of the financial services industry. Shares are up 14.8% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts who rate Discover Financial Services a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Discover Financial Services as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and expanding profit margins. 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 Discover Financial Services 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, Charles Schwab ( SCHW) is up $0.26 (0.9%) to $28.76 on light volume. Thus far, 1.5 million shares of Charles Schwab exchanged hands as compared to its average daily volume of 7.2 million shares. The stock has ranged in price between $28.50-$28.83 after having opened the day at $28.71 as compared to the previous trading day's close of $28.50.

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 $37.1 billion and is part of the financial services industry. Shares are up 9.8% year-to-date as of the close of trading on Tuesday. Currently there are 4 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, growth in earnings per share, expanding profit margins and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. 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.

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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