State Street Corp (STT): Today's Featured Financial Winner

State Street (STT) pushed the Financial sector higher today making it today's featured financial winner. The sector as a whole closed the day up 1.4%. By the end of trading, State Street rose $1.31 (3.1%) to $44.11 on average volume. Throughout the day, 3.2 million shares of State Street exchanged hands as compared to its average daily volume of 3.7 million shares. The stock ranged in a price between $42.98-$44.16 after having opened the day at $43.02 as compared to the previous trading day's close of $42.80. Other companies within the Financial sector that increased today were: Presidential Life (PLFE), up 36.7%, Severn Bancorp (SVBI), up 22.6%, Midsouth Bancorp (MSL), up 10.5%, and Monarch Community Bancorp (MCBF), up 10.1%.

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State Street Corporation, a financial holding company, provides various financial products and services to institutional investors worldwide. State Street has a market cap of $21.11 billion and is part of the banking industry. The company has a P/E ratio of 11.6, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 7.2% year to date as of the close of trading on Thursday. Currently there are 15 analysts that rate State Street a buy, one analyst rates it a sell, and seven rate it a hold.

TheStreet Ratings rates State Street as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

• You can view the full State Street Ratings Report.

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For investors not wanting singular stock exposure, 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).

• Find other investment ideas from our top rated ETFs lists.

 

For more information on State Street Corp click any of the following:

• State Street Corp Stock Price

• State Street Corp Analyst Ratings

• State Street Corp Key Stats & Profile

• State Street Corp Earnings

• State Street Corp Ratio Comparison

• State Street Corp Growth Rates

• State Street Corp Balance Sheet

• State Street Corp Cash Flow

• State Street Corp Income Statement