State Street

(

STT

) 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:

Mackinac Financial Corporation

(

MFNC

), up 11.4%,

Broadway Financial

(

BYFC

), up 11%,

Valley Financial

(

VYFC

), up 10.5%, and

First United

(

FUNC

), up 9.5%.

  • ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!

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

financial

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

buy

. 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.

On the negative front,

Ohio Legacy Corporation

(

OLCB

), down 15%,

Central Federal

(

CFBK

), down 11.9%,

Bank of the James Financial Group

(

BOTJ

), down 11.6%, and

First Citizens Banc

(

FCZA

), down 9.1%, were all laggards within the banking industry with

PNC Financial Services Group

(

PNC

) being today's banking industry laggard.

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

).

null