State Street Corp (STT): Today's Featured Banking Winner

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.

State Street ( STT) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day down 0.1%. By the end of trading, State Street rose 58 cents (1.3%) to $45.15 on average volume. Throughout the day, 4.8 million shares of State Street exchanged hands as compared to its average daily volume of 4.2 million shares. The stock ranged in a price between $44.61-$45.16 after having opened the day at $44.66 as compared to the previous trading day's close of $44.57. Other companies within the Banking industry that increased today were: Central Federal ( CFBK), up 10.4%, Credit Suisse ( DGAZ), up 7.3%, OptimumBank Holdings ( OPHC), up 6.3%, and Jacksonville Bancorp Inc (FL ( JAXB), up 5.6%.
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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 $20.74 billion and is part of the financial sector. The company has a P/E ratio of 11.3, below the S&P 500 P/E ratio of 17.7. Shares are up 10.7% year to date as of the close of trading on Thursday. Currently there are 15 analysts that rate State Street a buy, three analysts rate it a sell, and four 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 solid stock price performance, impressive record of earnings per share growth, attractive valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).

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