State Street Corp (STT): Today's Featured Banking Winner
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.
(
) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole was unchanged today. By the end of trading, State Street rose $1.03 (1.5%) to $69.67 on average volume. Throughout the day, 2,801,950 shares of State Street exchanged hands as compared to its average daily volume of 3,076,400 shares. The stock ranged in a price between $68.67-$70.20 after having opened the day at $68.67 as compared to the previous trading day's close of $68.64. Other companies within the Banking industry that increased today were:
(
), up 11.4%,
Village Bank and Trust Financial Corporatio
(
), up 9.1%,
(
), up 8.1% and
(
), up 8.1%.
State Street Corporation, a financial holding company, provides investment servicing and investment management services to institutional investors worldwide. State Street has a market cap of $31.3 billion and is part of the financial sector. Shares are up 46.0% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate State Street a buy, 1 analyst rates it a sell, and 5 rate it a hold.
TheStreet Ratings rates
State Street
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, attractive valuation levels and expanding profit margins. 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 negative front,
(
), down 19.7%,
State Investors Bancorp
(
SIBC
), down 7.7%,
(
), down 7.6% and
(
), down 6.0% , were all laggards within the banking industry with
(
) being today's banking industry laggard.
- 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
(
) while those bearish on the banking industry could consider
ProShares Short KBW Regional Bankng
(
).
- Find other investment ideas from our top rated ETFs lists.
null