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.
Nike, Wells Fargo, Infrastructure Deal - 5 Things You Must Know Friday
Stock futures rise after the announcement of a roughly $1 billion bipartisan deal on infrastructure spending; big U.S. banks pass annual Fed stress tests; Nike soars after earnings and sales top estimates.
) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 0.4%. By the end of trading, State Street rose $1.18 (1.7%) to $71.20 on average volume. Throughout the day, 2,502,305 shares of State Street exchanged hands as compared to its average daily volume of 2,996,100 shares. The stock ranged in a price between $70.26-$71.21 after having opened the day at $70.26 as compared to the previous trading day's close of $70.02. Other companies within the Banking industry that increased today were:
), up 11.1%,
), up 9.0%,
), up 8.5% and
), up 7.0%.
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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 $31.6 billion and is part of the financial sector. Shares are up 48.9% year to date as of the close of trading on Monday. Currently there are 13 analysts that rate State Street a buy, 1 analyst rates it a sell, and 5 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, attractive valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full State Street Ratings Report.
On the negative front,
), down 9.1%,
), down 5.4%,
), down 4.9% and
), down 4.2% , 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.