) pushed the Financial sector higher today making it today's featured financial winner. The sector as a whole closed the day up 0.9%. By the end of trading, State Street rose 73 cents (1.6%) to $45.95 on average volume. Throughout the day, 3.4 million shares of State Street exchanged hands as compared to its average daily volume of 3.7 million shares. The stock ranged in a price between $45.46-$46.11 after having opened the day at $45.60 as compared to the previous trading day's close of $45.22. Other companies within the Financial sector that increased today were:
), up 40%,
), up 19.5%,
), up 17.7%, and
), up 15.4%.
State Street Corporation, a financial holding company, provides various financial products and services to institutional investors worldwide. State Street has a market cap of $21.84 billion and is part of the
industry. The company has a P/E ratio of 12, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 12.2% year to date as of the close of trading on Tuesday. Currently there are 15 analysts that rate State Street a buy, one analyst rates it a sell, and seven rate it a hold.
TheStreet Ratings rates State Street as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, 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 35.5%,
), down 9.4%,
), down 9.1%, and
), down 7.5%, were all losers within the financial sector with
) being today's financial sector loser.
- 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.