State Street Corp (STT): Today's Featured Financial Services Winner
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 Services industry higher today making it today's featured financial services winner. The industry as a whole closed the day up 0.9%. By the end of trading, State Street rose $1.52 (2.2%) to $69.73 on light volume. Throughout the day, 1,846,708 shares of State Street exchanged hands as compared to its average daily volume of 2,788,100 shares. The stock ranged in a price between $68.36-$69.92 after having opened the day at $68.42 as compared to the previous trading day's close of $68.21. Other companies within the Financial Services industry that increased today were:
First Marblehead Corporation
(
FMD
), up 5.5%,
Dominion Resources Black Warrior
(
), up 4.8%,
(
TheStreet Recommends
), up 4.3% and
(
), up 3.6%.
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 $30.4 billion and is part of the financial sector. Shares are up 45.1% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate State Street a buy, 1 analyst rates it a sell, and 5 rate it a hold.
TheStreet Ratings rates
State Street
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, attractive valuation levels and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full State Street Ratings Report.
On the negative front,
(
), down 7.8%,
(
), down 4.3%,
(
), down 3.4% and
WisdomTree Global Real Return Fund
(
RRF
), down 2.9%.
- Use our financial services 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 financial services industry could consider
(
) while those bearish on the financial services industry could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
null
