The market is on the rise this morning. The Nasdaq has climbed 2.3%; the S&P 500 has risen 1.8%; and the Dow is up 1.9%. The financial sector is the category of stocks containing firms that provide financial services to commercial and retail customers. This sector includes banks, investment funds, insurance companies and real estate. Financial services perform best in low interest rate environments. A large portion of this sector generates revenue from mortgages and loans, which gain value as interest rates drop. Furthermore, when the business cycle is in an upswing, the financial sector benefits from additional investments. Improved economic conditions usually lead to more capital projects and increased personal investing. New projects require financing, which usually leads to a larger number of loans.

Outperforming the market overall, the Financial sector (XLF) is up 2.4% and its biggest movers so far today are:

Company Market Cap Percentage Change
Gamco Investors (NYSE:GBL) $1.41 billion +5%
Berkshire Hathaway (NYSE:BRK.B) $98.65 billion +3%
Franklin (NYSE:BEN) $26.69 billion +2.8%
MasterCard (NYSE:MA) $58.6 billion +2.8%
First Citizens BancShares (Nasdaq:FCNCA) $1.68 billion +2.8%
Affiliated Managers Group (NYSE:AMG) $6.74 billion +2.7%
Visa (NYSE:V) $80.51 billion +2.6%

Beginner's Guide To Thinkorswim Trading Platform

Rising 5%, Gamco Investors (NYSE:GBL) is currently trading at $55.50 per share. The company's volume is currently 2,923 shares for the day, 0.1 times the average daily volume.

Berkshire Hathaway (NYSE:BRK.B) is up 3% to reach a current price of $92.44 per share. So far today, 2.6 million shares of the company's stock have changed hands. This is on pace to reach yesterday's trading volume of six million shares.

Franklin (NYSE:BEN) has increased to a share price of $129.27, a 2.8% rise. The company's volume for the day so far is 173,136 shares, 0.3 times the average volume over the last three months.

Increasing 2.8%, MasterCard (NYSE:MA) is trading at $505.16 per share. The company is currently trading a volume of 521,322 shares.

After rising 2.8%, First Citizens BancShares (Nasdaq:FCNCA) is currently trading at a share price of $168.07. The company's volume is currently 8,481 shares for the day, 0.7 times its current daily average.

Affiliated Managers Group (NYSE:AMG) is currently trading at $133.63 per share, a 2.7% increase. The company is trading at a volume of 93,930 shares. This is on pace to fall short of yesterday's volume of 237,136 shares.

Visa (NYSE:V) is at $155.52 per share after an increase of 2.6%. So far today, the company's volume is 1.9 million shares, 0.7 times its average over the past three months.

The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. Daily stock performance should be weighed against historical performance and put in context of the market overall. Tools like valuation ratios and profit margins, however, are only as useful as the context you put them in; remember to take historical data and competitor performance into account.

Related Articles
  1. Stock Analysis

    3 Resilient Oil Stocks for a Down Market

    Stuck on oil? Take a look at these six stocks—three that present risk vs. three that offer some resiliency.
  2. Economics

    Keep an Eye on These Emerging Economies

    Emerging markets have been hammered lately, but these three countries (and their large and young populations) are worth monitoring.
  3. Stock Analysis

    Is Pepsi (PEP) Still a Safe Bet?

    PepsiCo has long been known as one of the most resilient stocks throughout the broader market. Is this still the case today?
  4. Investing

    The ABCs of Bond ETF Distributions

    How do bond exchange traded fund (ETF) distributions work? It’s a question I get a lot. First, let’s explain what we mean by distributions.
  5. Stock Analysis

    3 Stocks that Are Top Bets for Retirement

    These three stocks are resilient, fundamentally sound and also pay generous dividends.
  6. Investing News

    Are Stocks Cheap Now? Nope. And Here's Why

    Are stocks cheap right now? Be wary of those who are telling you what you want to hear. Here's why.
  7. Investing News

    4 Value Stocks Worth Your Immediate Attention

    Here are four stocks that offer good value and will likely outperform the majority of stocks throughout the broader market over the next several years.
  8. Investing News

    These 3 High-Quality Stocks Are Dividend Royalty

    Here are three resilient, dividend-paying companies that may mitigate some worry in an uncertain investing environment.
  9. Stock Analysis

    An Auto Stock Alternative to Ford and GM

    If you're not sure where Ford and General Motors are going, you might want to look at this auto investment option instead.
  10. Stock Analysis

    The 6 Biggest Russian Energy Companies

    Learn about the top energy companies in Russia, a country that holds some of the largest reserves of oil, natural gas and coal in the world.
  1. How do dividends affect retained earnings?

    When a company issues a cash dividend to its shareholders, the retained earnings listed on the balance sheet are reduced ... Read Full Answer >>
  2. What is the difference between called-up share capital and paid-up share capital?

    The difference between called-up share capital and paid-up share capital is investors have already paid in full for paid-up ... Read Full Answer >>
  3. Why would a corporation issue convertible bonds?

    A convertible bond represents a hybrid security that has bond and equity features; this type of bond allows the conversion ... Read Full Answer >>
  4. How does additional paid in capital affect retained earnings?

    Both additional paid-in capital and retained earnings are entries under the shareholders' equity section of a company's balance ... Read Full Answer >>
  5. What types of capital are not considered share capital?

    The money a business uses to fund operations or growth is called capital, and there are a number of capital sources available. ... Read Full Answer >>
  6. What is the difference between issued share capital and subscribed share capital?

    The difference between subscribed share capital and issued share capital is the former relates to the amount of stock for ... Read Full Answer >>

You May Also Like

Trading Center
You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!