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 lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.5%. By the end of trading, State Street fell $1.72 (-2.5%) to $65.67 on heavy volume. Throughout the day, 7,253,997 shares of State Street exchanged hands as compared to its average daily volume of 2,346,100 shares. The stock ranged in price between $65.37-$66.53 after having opened the day at $65.37 as compared to the previous trading day's close of $67.39. Other companies within the Banking industry that declined today were:
), down 8.6%,
), down 5.5%,
), down 4.8% and
), down 4.0%.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass
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 $29.1 billion and is part of the financial sector. Shares are down 8.2% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate State Street a buy, 2 analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, growth in earnings per share, increase in net income and attractive valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full State Street Ratings Report.
On the positive front,
), up 32.3%,
), up 8.1%,
), up 8.1% and
), up 6.3% , were all gainers within the banking industry with
) 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
) while those bearish on the banking industry could consider
- Find other investment ideas from our top rated ETFs lists.