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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 26 points (-0.1%) at 17,879 as of Friday, June 5, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,219 issues advancing vs. 1,787 declining with 146 unchanged.

The Financial sector currently sits down 0.2% versus the S&P 500, which is down 0.2%. Top gainers within the sector include Lincoln National ( LNC), up 2.4%, Prudential Financial ( PRU), up 2.0%, Bank of America Corporation ( BAC), up 2.0%, Fifth Third Bancorp ( FITB), up 2.0% and CME Group ( CME), up 1.9%. On the negative front, top decliners within the sector include Orix ( IX), down 2.9%, Credit Suisse Group ( CS), down 2.6%, Grupo Financiero Santander Mexico SAB de CV ( BSMX), down 2.5%, ING Groep N.V ( ING), down 2.4% and Deutsche Bank ( DB), down 2.4%.

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

3. Charles Schwab ( SCHW) is one of the companies pushing the Financial sector higher today. As of noon trading, Charles Schwab is up $0.85 (2.6%) to $33.11 on heavy volume. Thus far, 8.4 million shares of Charles Schwab exchanged hands as compared to its average daily volume of 6.6 million shares. The stock has ranged in price between $32.88-$33.59 after having opened the day at $33.47 as compared to the previous trading day's close of $32.26.

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The Charles Schwab Corporation, through its subsidiaries, provides wealth management, 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 $42.4 billion and is part of the financial services industry. Shares are up 6.9% year-to-date as of the close of trading on Thursday. Currently there are 9 analysts who rate Charles Schwab a buy, 1 analyst rates it a sell, and 5 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 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 Charles Schwab Ratings Report now.

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2. As of noon trading, Bank of New York Mellon ( BK) is up $0.37 (0.9%) to $43.33 on heavy volume. Thus far, 4.6 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $42.93-$43.87 after having opened the day at $43.75 as compared to the previous trading day's close of $42.96.

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The Bank of New York Mellon Corporation, an investment company, provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. It operates through two segments, Investment Management and Investment Services. Bank of New York Mellon has a market cap of $48.7 billion and is part of the financial services industry. Shares are up 5.9% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts who rate Bank of New York Mellon a buy, 1 analyst rates it a sell, and 7 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 growth in earnings per share, increase in net income, revenue growth, attractive valuation levels and solid stock price performance. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Bank of New York Mellon Ratings Report now.

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1. As of noon trading, PNC Financial Services Group ( PNC) is up $1.31 (1.4%) to $96.26 on average volume. Thus far, 1.8 million shares of PNC Financial Services Group exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $95.67-$96.85 after having opened the day at $96.08 as compared to the previous trading day's close of $94.95.

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The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. PNC Financial Services Group has a market cap of $49.7 billion and is part of the banking industry. Shares are up 4.1% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts who rate PNC Financial Services Group a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates PNC Financial Services Group as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full PNC Financial Services Group 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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