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 Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day down 0.6%. By the end of trading, State Street fell $1.94 (-3.0%) to $63.79 on heavy volume. Throughout the day, 5,046,035 shares of State Street exchanged hands as compared to its average daily volume of 3,031,400 shares. The stock ranged in price between $63.65-$65.50 after having opened the day at $65.15 as compared to the previous trading day's close of $65.73. Other companies within the Financial sector that declined today were:
), down 10.4%,
), down 8.4%,
), down 7.9% and
), down 7.4%.
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State Street Corporation provides various financial services and products to institutional investors worldwide. State Street has a market cap of $28.4 billion and is part of the financial services industry. Shares are down 10.4% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate State Street a buy, 2 analysts rate 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 revenue growth, growth in earnings per share, attractive valuation levels, expanding profit margins and increase in stock price during the past year. 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 positive front,
), up 4.5%,
), up 4.4%,
), up 4.3% and
), up 4.2% , were all gainers within the financial sector with
) being today's featured financial sector leader.
- Use our financial section to find sector-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 financial sector could consider
) while those bearish on the financial sector could consider
- Find other investment ideas from our top rated ETFs lists.