State Street ( STT) 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: Central Federal ( CFBK), up 40%, BancTrust Financial Group ( BTFG), up 19.5%, Plumas Bancorp ( PLBC), up 17.7%, and Rurban Financial ( RBNF), 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 banking 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 buy. 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.
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