3 Financial Stocks Moving The Sector Upward

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.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 13 points (0.1%) at 17,609 as of Tuesday, June 30, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,652 issues advancing vs. 1,385 declining with 154 unchanged.

The Financial sector currently sits up 0.2% versus the S&P 500, which is unchanged. Top gainers within the sector include National Bank of Greece ( NBG), up 8.9%, Noah Holdings ( NOAH), up 8.4%, Willis Group Holdings ( WSH), up 4.4%, Lazard ( LAZ), up 3.6% and Credit Acceptance ( CACC), up 3.1%. On the negative front, top decliners within the sector include Royal Bank of Scotland Group (The ( RBS), down 0.9%, Canadian Imperial Bank of Commerce ( CM), down 0.8%, Royal Bank Of Canada ( RY), down 0.7%, Blackstone Group ( BX), down 0.6% and Bank of Montreal ( BMO), down 0.6%.

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 $0.22 (0.5%) to $42.85 on average volume. Thus far, 1.3 million shares of SunTrust Banks exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $42.75-$43.66 after having opened the day at $43.22 as compared to the previous trading day's close of $42.63.

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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 $22.6 billion and is part of the banking industry. Shares are up 1.7% year-to-date as of the close of trading on Monday. Currently there are 8 analysts who rate SunTrust Banks a buy, 1 analyst rates 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 solid stock price performance, growth in earnings per share, increase in net income, expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full SunTrust Banks Ratings Report now.

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2. As of noon trading, CME Group ( CME) is up $0.54 (0.6%) to $92.85 on average volume. Thus far, 625,475 shares of CME Group exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $92.82-$93.40 after having opened the day at $93.12 as compared to the previous trading day's close of $92.31.

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CME Group Inc., through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. CME Group has a market cap of $31.7 billion and is part of the financial services industry. Shares are up 5.8% year-to-date as of the close of trading on Monday. Currently there are 4 analysts who rate CME Group a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates CME 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 reasonable valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full CME Group Ratings Report now.

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1. As of noon trading, Allstate ( ALL) is up $0.39 (0.6%) to $65.07 on light volume. Thus far, 916,852 shares of Allstate exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $64.83-$65.50 after having opened the day at $65.35 as compared to the previous trading day's close of $64.68.

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The Allstate Corporation, through its subsidiaries, engages in the property-liability insurance and life insurance businesses in the United States and Canada. Allstate has a market cap of $26.9 billion and is part of the insurance industry. Shares are down 6.3% year-to-date as of the close of trading on Monday. Currently there are 7 analysts who rate Allstate a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Allstate as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, 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 Allstate 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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