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 Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day down 0.3%. By the end of trading, State Street fell 72 cents (-1.2%) to $59.31 on light volume. Throughout the day, 2.4 million shares of State Street exchanged hands as compared to its average daily volume of 4.3 million shares. The stock ranged in price between $59.01-$59.64 after having opened the day at $59.31 as compared to the previous trading day's close of $60.03. Other companies within the Financial Services industry that declined today were: China Ceramics ( CCCL), down 5.8%, Piper Jaffray Cos ( PJC), down 3.5%, Greenhill ( GHL), down 3.2%, and Pzena Investment Management ( PZN), down 2.6%.
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