) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day down 0.1%. By the end of trading, State Street rose 20 cents (0.5%) to $40.38 on average volume. Throughout the day, 3.4 million shares of State Street exchanged hands as compared to its average daily volume of 3.8 million shares. The stock ranged in a price between $40.19-$40.53 after having opened the day at $40.28 as compared to the previous trading day's close of $40.18. Other companies within the Banking industry that increased today were:
), up 11.4%,
), up 11%,
), up 10.5%, and
), up 9.5%.
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State Street Corporation, a financial holding company, provides various financial products and services to institutional investors worldwide. State Street has a market cap of $19.72 billion and is part of the
sector. The company has a P/E ratio of 10.6, 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 0.3% 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
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.
- You can view the full State Street Ratings Report.
On the negative front,
), down 15%,
), down 11.9%,
), down 11.6%, and
), down 9.1%, 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
- Find other investment ideas from our top rated ETFs lists.