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

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 lower today making it today's featured Banking laggard. The industry as a whole was unchanged today. By the end of trading, State Street fell $0.77 (-1.1%) to $68.55 on light volume. Throughout the day, 2,148,154 shares of State Street exchanged hands as compared to its average daily volume of 3,003,800 shares. The stock ranged in price between $68.41-$69.14 after having opened the day at $68.88 as compared to the previous trading day's close of $69.32. Other companies within the Banking industry that declined today were: Credit Suisse ( DSLV), down 13.0%, Credit Suisse ( DGAZ), down 7.2%, Oneida Financial Corporation ( ONFC), down 7.0% and Anchor Bancorp ( ANCB), down 6.1%.

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 $31.7 billion and is part of the financial sector. Shares are up 47.5% year to date as of the close of trading on Friday. Currently there are 14 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, revenue growth, 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.

On the positive front, Carver Bancorp ( CARV), up 14.2%, Greene County Bancorp ( GCBC), up 7.7%, Sound Financial Bancorp ( SFBC), up 6.5% and Stewardship Financial Corporation ( SSFN), up 6.4% , were all gainers within the banking industry with Credicorp ( BAP) being today's featured banking industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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