3 Financial Stocks Pushing The 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 40 points (0.2%) at 18,080 as of Tuesday, June 2, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,713 issues advancing vs. 1,260 declining with 163 unchanged.

The Financial sector currently sits up 0.2% versus the S&P 500, which is up 0.1%. Top gainers within the sector include Banco Santander Brasil SA/Brazil ( BSBR), up 5.5%, Deutsche Bank ( DB), up 4.3%, Credit Suisse Group ( CS), up 3.3%, KB Financial Group ( KB), up 2.4% and ING Groep N.V ( ING), up 2.2%. On the negative front, top decliners within the sector include FirstService ( FSRV), down 35.8%, HDFC Bank ( HDB), down 2.7%, Nomura Holdings ( NMR), down 1.4% and Simon Property Group ( SPG), down 0.8%.

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

3. MetLife ( MET) is one of the companies pushing the Financial sector higher today. As of noon trading, MetLife is up $0.78 (1.5%) to $53.05 on average volume. Thus far, 2.3 million shares of MetLife exchanged hands as compared to its average daily volume of 6.0 million shares. The stock has ranged in price between $52.16-$53.17 after having opened the day at $52.31 as compared to the previous trading day's close of $52.27.

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MetLife, Inc. provides life insurance, annuities, employee benefits, and asset management products in the United States, Japan, Latin America, Asia, Europe, and the Middle East. MetLife has a market cap of $58.3 billion and is part of the insurance industry. Shares are down 3.4% year-to-date as of the close of trading on Monday. Currently there are 11 analysts who rate MetLife a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates MetLife as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins. Get the full MetLife Ratings Report now.

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2. As of noon trading, Wells Fargo ( WFC) is up $0.37 (0.7%) to $56.41 on average volume. Thus far, 6.3 million shares of Wells Fargo exchanged hands as compared to its average daily volume of 14.7 million shares. The stock has ranged in price between $55.74-$56.44 after having opened the day at $56.01 as compared to the previous trading day's close of $56.04.

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Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Wells Fargo has a market cap of $288.1 billion and is part of the banking industry. Shares are up 2.2% year-to-date as of the close of trading on Monday. Currently there are 11 analysts who rate Wells Fargo a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Wells Fargo as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full Wells Fargo Ratings Report now.

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1. As of noon trading, Bank of America Corporation ( BAC) is up $0.18 (1.1%) to $16.74 on average volume. Thus far, 32.8 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 74.9 million shares. The stock has ranged in price between $16.50-$16.75 after having opened the day at $16.52 as compared to the previous trading day's close of $16.55.

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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 $173.3 billion and is part of the banking industry. Shares are down 7.5% year-to-date as of the close of trading on Monday. Currently there are 10 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, increase in stock price during the past year and growth in earnings per share. We feel its 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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