State Street Corp (STT): Today's Featured Financial Services 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 Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day down 0.6%. By the end of trading, State Street fell $0.99 (-1.4%) to $67.64 on heavy volume. Throughout the day, 5,056,212 shares of State Street exchanged hands as compared to its average daily volume of 2,195,600 shares. The stock ranged in price between $67.42-$69.08 after having opened the day at $68.66 as compared to the previous trading day's close of $68.63. Other companies within the Financial Services industry that declined today were: Paulson Capital ( PLCC), down 6.4%, Global X Silver Miners ETF ( SIL), down 6.4%, Cash Store Financial Services ( CSFS), down 6.3% and QIWI PLC ADR ( QIWI), down 5.9%.

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 $30.8 billion and is part of the financial sector. Shares are up 47.0% year to date as of the close of trading on Thursday. Currently there are 13 analysts that rate State Street a buy, 1 analyst rates it a sell, and 6 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Xoom ( XOOM), up 5.0%, Pzena Investment Management ( PZN), up 4.8%, MarketAxess Holdings ( MKTX), up 3.7% and ViewPoint Financial Group ( VPFG), up 3.7% , were all gainers within the financial services industry with Goldman Sachs Group ( GS) being today's featured financial services industry leader.

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

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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