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 Services industry currently sits up 0.1% versus the S&P 500, which is up 0.1%. Top gainers within the industry include LPL Financial Holdings ( LPLA), up 3.5%, E*Trade Financial ( ETFC), up 2.6%, Ameriprise Financial ( AMP), up 2.0%,Apollo Global Management ( APO), up 1.9% and Principal Financial Group ( PFG), up 1.9%. A company within the industry that fell today was Nomura Holdings ( NMR), up 1.5%.
TheStreet would like to highlight 3 stocks pushing the industry higher today:
3. Capital One Financial ( COF) is one of the companies pushing the Financial Services industry higher today. As of noon trading, Capital One Financial is up $0.79 (0.9%) to $84.18 on light volume. Thus far, 888,162 shares of Capital One Financial exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $83.27-$84.19 after having opened the day at $83.44 as compared to the previous trading day’s close of $83.39.
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association (COBNA); and Capital One, National Association (CONA), which provide various financial products and services in the United States, the United Kingdom, and Canada. Capital One Financial has a market cap of $45.7 billion and is part of the financial sector. Shares are up 1.0% year-to-date as of the close of trading on Monday. Currently there are 13 analysts who rate Capital One Financial a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates Capital One Financial 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, 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 fullCapital One Financial Ratings Report now.