State Street Corp (STT): Today's Featured Banking Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 0.4%. By the end of trading, State Street rose $1.18 (1.7%) to $71.20 on average volume. Throughout the day, 2,502,305 shares of State Street exchanged hands as compared to its average daily volume of 2,996,100 shares. The stock ranged in a price between $70.26-$71.21 after having opened the day at $70.26 as compared to the previous trading day's close of $70.02. Other companies within the Banking industry that increased today were: Magyar Bancorp ( MGYR), up 11.1%, 1st Century Bancshrs ( FCTY), up 9.0%, Southern First ( SFST), up 8.5% and PacWest Bancorp ( PACW), up 7.0%.

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 $31.6 billion and is part of the financial sector. Shares are up 48.9% year to date as of the close of trading on Monday. Currently there are 13 analysts that rate State Street a buy, 1 analyst rates it a sell, and 5 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, impressive record of earnings per share growth, attractive valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Village Bank and Trust Financial Corporatio ( VBFC), down 9.1%, Carolina Bank Holdings ( CLBH), down 5.4%, Bank of Marin Bancorp ( BMRC), down 4.9% and Centerstate Banks ( CSFL), down 4.2% , were all laggards within the banking industry with Zions ( ZION) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

Big Companies Say They Favor Diversity, Most Refuse to Prove It

Exxon, Occidental Remain In Index Fund Crosshairs Over Climate Change

Apollo's Record Fundraising Adds to Struggles for Stock Pickers

14 Bank Stocks That Will Either Surge or Do Nothing

Another Steep Selloff in Tech Stocks Wipes Out Nasdaq's June Gains