State Street Corp (STT): Today's Featured Banking Laggard

State Street (STT) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day down 0.4%. By the end of trading, State Street fell 30 cents (-0.8%) to $39.42 on average volume. Throughout the day, 3.6 million shares of State Street exchanged hands as compared to its average daily volume of 3.7 million shares. The stock ranged in price between $39.18-$39.90 after having opened the day at $39.71 as compared to the previous trading day's close of $39.72. Other company's within the Banking industry that declined today were: Ohio Legacy Corporation (OLCB), down 12.5%, Patriot National Bancorp (PNBK), down 8.8%, Community Bank Shares of Indiana (CBIN), down 7.5%, and Hawthorn (HWBK), down 6.4%.

• ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!

State Street Corporation, a financial holding company, provides various financial products and services to institutional investors worldwide. State Street has a market cap of $19.58 billion and is part of the financial sector. The company has a P/E ratio of 10.5, below the average banking industry P/E ratio of 10.9 and below the S&P 500 P/E ratio of 17.7. Shares are down 1.5% year to date as of the close of trading on Monday. Currently there are 15 analysts that rate State Street a buy, two analysts rate it a sell, and six 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 attractive valuation levels, expanding profit margins, notable return on equity 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.

On the positive front, Peoples Financial Corporation (PFBX), up 14%, HMN Financial (HMNF), up 13.1%, Severn Bancorp (SVBI), up 9.6%, and Central Federal (CFBK), up 8.4%, were all gainers within the banking industry with Regions Financial Corporation (RF) being today's featured banking industry leader.

• Use our banking section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF (KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng (KRS).

• 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