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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

State Street ( STT) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day down 0.5%. By the end of trading, State Street fell $1.73 (-2.5%) to $66.52 on average volume. Throughout the day, 2,620,087 shares of State Street exchanged hands as compared to its average daily volume of 2,891,400 shares. The stock ranged in price between $66.41-$68.37 after having opened the day at $68.31 as compared to the previous trading day's close of $68.25. Other companies within the Financial sector that declined today were: InnSuites Hospitality ( IHT), down 20.9%, American Spectrum Realty ( AQQ), down 12.0%, QIWI ( QIWI), down 11.7% and E-House China Holdings ( EJ), down 8.5%.

State Street Corporation provides various financial services and products to institutional investors worldwide. State Street has a market cap of $30.0 billion and is part of the financial services industry. Shares are down 7.0% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate State Street a buy, 2 analysts rate it a sell, and 5 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, solid stock price performance, growth in earnings per share, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Carolina Trust Bank ( CART), up 13.0%, Atlas Financial Holdings ( AFH), up 9.0%, IRSA Inversiones y Representaciones ( IRS), up 7.5% and TFS Financial Corporation ( TFSL), up 6.5% , were all gainers within the financial sector with Ventas ( VTR) being today's featured financial sector leader.

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).

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