Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Financial sector higher today making it today's featured financial winner. The sector as a whole closed the day up 0.4%. By the end of trading, State Street rose 42 cents (1%) to $41.60 on light volume. Throughout the day, 2.6 million shares of State Street exchanged hands as compared to its average daily volume of 3.6 million shares. The stock ranged in a price between $41.33-$41.86 after having opened the day at $41.40 as compared to the previous trading day's close of $41.18. Other companies within the Financial sector that increased today were:
), up 28.3%,
), up 15.1%,
), up 9.8%, and
), up 8.5%.
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State Street Corporation, a financial holding company, provides various financial products and services to institutional investors worldwide. State Street has a market cap of $19.75 billion and is part of the
industry. The company has a P/E ratio of 11.2, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 2.3% year to date as of the close of trading on Thursday. 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
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins, good cash flow from operations, solid stock price performance and notable return on equity. 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.
- 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.
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