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 up 0.8%. By the end of trading, State Street rose $1.10 (2%) to $57.19 on average volume. Throughout the day, 4.5 million shares of State Street exchanged hands as compared to its average daily volume of 4.4 million shares. The stock ranged in a price between $56.66-$57.25 after having opened the day at $56.81 as compared to the previous trading day's close of $56.09. Other companies within the Banking industry that increased today were: Old Second Bancorp ( OSBC), up 13.2%, Broadway Financial ( BYFC), up 9.8%, Camco Financial ( CAFI), up 9.7%, and Severn Bancorp ( SVBI), up 9%.
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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 $26.37 billion and is part of the financial sector. The company has a P/E ratio of 14.4, below the S&P 500 P/E ratio of 17.7. Shares are up 20.7% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate State Street a buy, one analyst rates it a sell, and eight 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, growth in earnings per share, revenue growth, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Bank of the James Financial Group ( BOTJ), down 7.3%, Jacksonville Bancorp Inc (FL ( JAXB), down 6.4%, Landmark Bancorp ( LARK), down 6.1%, and Xenith Bankshares ( XBKS), down 5.5%, were all laggards within the banking industry with Ocwen Financial Corporation ( OCN) being today's banking industry laggard.

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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