State Street Reaches New 52-Week High (STT)

NEW YORK ( TheStreet) -- State Street (NYSE: STT) hit a new 52-week high Wednesday as it is currently trading at $69.85, above its previous 52-week high of $69.81 with 281,677 shares traded as of 9:50 a.m. ET. Average volume has been three million shares over the past 30 days.

State Street has a market cap of $31.58 billion and is part of the financial sector and financial services industry. Shares are up 46.1% year to date as of the close of trading on Tuesday.

State Street Corporation, a financial holding company, provides investment servicing and investment management services to institutional investors worldwide.

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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, attractive valuation levels, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full State Street Ratings Report.

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