State Street (NYSE:STT) hit a new 52-week high Monday as it is currently trading at $60.89, above its previous 52-week high of $60.78 with 245,793 shares traded as of 10:15 a.m. ET. Average volume has been 3.2 million shares over the past 30 days.
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. NEW YORK ( TheStreet) -- State Street (NYSE: STT) hit a new 52-week high Monday as it is currently trading at $60.89, above its previous 52-week high of $60.78 with 245,793 shares traded as of 10:15 a.m. ET. Average volume has been 3.2 million shares over the past 30 days. State Street has a market cap of $27.46 billion and is part of the financial sector and financial services industry. Shares are up 28.3% year to date as of the close of trading on Friday. State Street Corporation, a financial holding company, provides investment servicing and investment management services to institutional investors worldwide. The company has a P/E ratio of 13.9, below the S&P 500 P/E ratio of 17.7.
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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, increase in net income, attractive valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full State Street Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. 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.