State Street

(

STT

) pushed the Banking industry lower today making it today's featured Banking loser. The industry as a whole closed the day up 0.8%. By the end of trading, State Street fell 42 cents (-1%) to $41.21 on average volume. Throughout the day, 4.3 million shares of State Street exchanged hands as compared to its average daily volume of 3.5 million shares. The stock ranged in price between $40.67-$41.73 after having opened the day at $41.57 as compared to the previous trading day's close of $41.63. Other company's within the Banking industry that declined today were:

Hampton Roads Bankshares

(

HMPR

), down 18.1%,

National Bank of Greece

(

NBG

), down 16.7%,

Monarch Community Bancorp

(

MCBF

), down 12.2%, and

First Financial Service Corporation

(

FFKY

), down 12%.

State Street Corporation, a financial holding company, provides various financial products and services to institutional investors worldwide. State Street has a market cap of $20.8 billion and is part of the

financial

sector. The company has a P/E ratio of 11.5, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 5.6% year to date as of the close of trading on Wednesday. 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. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front,

Severn Bancorp

(

SVBI

), up 46.6%,

New England

(

NEBS

), up 29.9%,

Crescent Financial

(

CRFN

), up 19.4%, and

Credit Suisse

(

DOIL

), up 13.8%, were all gainers within the banking industry with

Toronto-Dominion Bank

(

TD

) being today's featured banking industry winner.

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

).

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