3 Stocks Raising 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 59 points (0.3%) at 18,083 as of Monday, May 4, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,918 issues advancing vs. 1,077 declining with 158 unchanged.

The Financial sector currently sits up 0.2% versus the S&P 500, which is up 0.4%. Top gainers within the sector include Blackstone Group ( BX), up 2.5%, Berkshire Hathaway ( BRK.A), up 1.9%, Shinhan Financial Group ( SHG), up 1.9%, M&T Bank ( MTB), up 1.6% and Manulife Financial ( MFC), up 1.4%. A company within the sector that fell today was Santander Consumer USA Holdings ( SC), up 3.4%.

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

3. Citigroup ( C) is one of the companies pushing the Financial sector higher today. As of noon trading, Citigroup is up $0.27 (0.5%) to $54.03 on light volume. Thus far, 6.9 million shares of Citigroup exchanged hands as compared to its average daily volume of 18.6 million shares. The stock has ranged in price between $53.74-$54.07 after having opened the day at $53.85 as compared to the previous trading day's close of $53.76.

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Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. Citigroup has a market cap of $161.8 billion and is part of the banking industry. Shares are down 0.7% year-to-date as of the close of trading on Friday. Currently there are 14 analysts who rate Citigroup a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Citigroup as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, solid stock price performance, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Citigroup Ratings Report now.

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2. As of noon trading, JPMorgan Chase ( JPM) is up $0.80 (1.2%) to $64.41 on average volume. Thus far, 6.7 million shares of JPMorgan Chase exchanged hands as compared to its average daily volume of 15.7 million shares. The stock has ranged in price between $63.64-$64.47 after having opened the day at $63.65 as compared to the previous trading day's close of $63.61.

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JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Management. JPMorgan Chase has a market cap of $234.9 billion and is part of the banking industry. Shares are up 1.6% year-to-date as of the close of trading on Friday. Currently there are 16 analysts who rate JPMorgan Chase a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates JPMorgan Chase 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full JPMorgan Chase Ratings Report now.

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1. As of noon trading, Bank of America Corporation ( BAC) is up $0.25 (1.6%) to $16.36 on average volume. Thus far, 38.0 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 84.3 million shares. The stock has ranged in price between $16.12-$16.37 after having opened the day at $16.14 as compared to the previous trading day's close of $16.11.

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Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, large corporations, and governments worldwide. Bank of America Corporation has a market cap of $167.6 billion and is part of the banking industry. Shares are down 9.9% year-to-date as of the close of trading on Friday. Currently there are 11 analysts who rate Bank of America Corporation a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Bank of America Corporation as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Bank of America Corporation Ratings Report now.

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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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