State Street Corp (STT): Financial's Featured Champion Of The Day

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 sector higher today making it today's featured financial winner. The sector as a whole closed the day up 1.1%. By the end of trading, State Street rose $1.46 (2.5%) to $59.94 on average volume. Throughout the day, 3.6 million shares of State Street exchanged hands as compared to its average daily volume of 4.1 million shares. The stock ranged in a price between $58.62-$60.10 after having opened the day at $58.76 as compared to the previous trading day's close of $58.48. Other companies within the Financial sector that increased today were: Altis Resident ( RESI), up 32.2%, Institutional Financial Markets ( IFMI), up 24.1%, National Bank of Greece ( NBG), up 18.7%, and Doral Financial ( DRL), up 17.3%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

State Street Corporation, a financial holding company, provides investment servicing and investment management services to institutional investors worldwide. State Street has a market cap of $26.42 billion and is part of the financial services industry. The company has a P/E ratio of 13.8, below the S&P 500 P/E ratio of 17.7. Shares are up 24.4% year to date as of the close of trading on Tuesday. Currently there are 13 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 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, Carrollton Bancorp ( CRRB), down 9.3%, Consumer Portfolio Services ( CPSS), down 7.8%, Credit Suisse ( DWTI), down 6.8%, and NTS Realty Holdings ( NLP), down 6.3%, were all laggards within the financial sector with Validus Holdings ( VR) being today's financial sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.

null

More from Markets

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers