3 Stocks Improving Performance Of The Financial Sector

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 41 points (0.2%) at 17,979 as of Wednesday, June 8, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,939 issues advancing vs. 992 declining with 172 unchanged.

The Financial sector currently sits up 0.4% versus the S&P 500, which is up 0.2%. Top gainers within the sector include General Growth Properties ( GGP), up 2.8%, Grupo Financiero Santander Mexico SAB de CV ( BSMX), up 1.9%, Mitsubishi UFJ Financial Group ( MTU), up 1.6%, Shinhan Financial Group ( SHG), up 1.5% and Welltower ( HCN), up 1.2%. On the negative front, top decliners within the sector include Public Storage ( PSA), down 2.2%, AvalonBay Communities ( AVB), down 1.0% and Brookfield Asset Management ( BAM), down 0.9%.

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

3. BanColombia ( CIB) is one of the companies pushing the Financial sector higher today. As of noon trading, BanColombia is up $1.43 (4.2%) to $35.58 on heavy volume. Thus far, 340,462 shares of BanColombia exchanged hands as compared to its average daily volume of 414,500 shares. The stock has ranged in price between $34.31-$35.64 after having opened the day at $34.31 as compared to the previous trading day's close of $34.15.

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Bancolombia S.A. provides various banking products and services to individual, corporate, and government customers. BanColombia has a market cap of $8.1 billion and is part of the banking industry. Shares are up 27.7% year-to-date as of the close of trading on Tuesday. Currently there are no analysts who rate BanColombia a buy, 2 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates BanColombia as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and a generally disappointing performance in the stock itself. Get the full BanColombia Ratings Report now.

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2. As of noon trading, Berkshire Hathaway ( BRK.A) is up $1,719.99 (0.8%) to $213,929.99 on light volume. Thus far, 65 shares of Berkshire Hathaway exchanged hands as compared to its average daily volume of 200 shares. The stock has ranged in price between $212,620.00-$214,000.00 after having opened the day at $212,620.00 as compared to the previous trading day's close of $212,210.00.

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Berkshire Hathaway Inc. operates as a holding company. It provides property and casualty insurance and reinsurance, as well as life, accident, and health reinsurance; and operates railroad systems in North America. Berkshire Hathaway has a market cap of $349.7 billion and is part of the insurance industry. Shares are up 7.3% year-to-date as of the close of trading on Tuesday.

TheStreet Ratings rates Berkshire Hathaway as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and notable return on equity. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Berkshire Hathaway Ratings Report now.

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1. As of noon trading, Blackstone Group ( BX) is up $0.28 (1.1%) to $27.00 on average volume. Thus far, 1.7 million shares of Blackstone Group exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $26.70-$27.12 after having opened the day at $26.75 as compared to the previous trading day's close of $26.72.

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The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations. Blackstone Group has a market cap of $31.8 billion and is part of the financial services industry. Shares are down 8.6% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts who rate Blackstone Group a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Blackstone Group as a buy. Among the primary strengths of the company is its expanding profit margins over time. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Blackstone 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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