3 Financial Stocks On The Rise

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 54 points (0.3%) at 18,054 as of Thursday, June 11, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,776 issues advancing vs. 1,216 declining with 167 unchanged.

The Financial sector currently sits up 0.2% versus the S&P 500, which is up 0.2%. Top gainers within the sector include CIM Commercial ( CMCT), up 8.3%, Axis Capital Holdings ( AXS), up 3.7%, BanColombia ( CIB), up 2.1%, Digital Realty ( DLR), up 2.1% and Santander Consumer USA Holdings ( SC), up 1.6%. On the negative front, top decliners within the sector include Woori Bank ( WF), down 1.9%, Aegon ( AEG), down 1.7%, Manulife Financial ( MFC), down 1.3%, Bank of Nova Scotia ( BNS), down 1.0% and HDFC Bank ( HDB), down 0.9%.

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

3. Travelers Companies ( TRV) is one of the companies pushing the Financial sector higher today. As of noon trading, Travelers Companies is up $0.76 (0.8%) to $99.94 on average volume. Thus far, 762,293 shares of Travelers Companies exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $99.01-$99.95 after having opened the day at $99.03 as compared to the previous trading day's close of $99.18.

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The Travelers Companies, Inc., through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the Unites states and internationally. Travelers Companies has a market cap of $31.2 billion and is part of the insurance industry. Shares are down 6.3% year-to-date as of the close of trading on Wednesday. Currently there are 4 analysts who rate Travelers Companies a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates Travelers Companies as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full Travelers Companies Ratings Report now.

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2. As of noon trading, Bank of New York Mellon ( BK) is up $0.24 (0.6%) to $43.98 on average volume. Thus far, 2.7 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 5.4 million shares. The stock has ranged in price between $43.68-$44.03 after having opened the day at $43.74 as compared to the previous trading day's close of $43.74.

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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 7.8% year-to-date as of the close of trading on Wednesday. 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, Goldman Sachs Group ( GS) is up $1.10 (0.5%) to $214.23 on average volume. Thus far, 1.1 million shares of Goldman Sachs Group exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $212.87-$214.38 after having opened the day at $213.29 as compared to the previous trading day's close of $213.13.

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The Goldman Sachs Group, Inc. operates as an investment banking, securities, and investment management company worldwide. The company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. Goldman Sachs Group has a market cap of $90.3 billion and is part of the financial services industry. Shares are up 10.0% year-to-date as of the close of trading on Wednesday. Currently there are 3 analysts who rate Goldman Sachs Group a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Goldman Sachs Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. 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 Goldman Sachs 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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