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 0.6%. By the end of trading, State Street rose $0.95 (1.4%) to $66.70 on average volume. Throughout the day, 1,783,576 shares of State Street exchanged hands as compared to its average daily volume of 2,216,700 shares. The stock ranged in a price between $65.85-$66.72 after having opened the day at $66.04 as compared to the previous trading day's close of $65.75. Other companies within the Banking industry that increased today were: Middleburg Financial ( MBRG), up 7.6%, Credit Suisse ( DOIL), up 6.6%, Credit Suisse ( DSLV), up 6.5% and PSB Holdings ( PSBH), up 5.7%.

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 $29.7 billion and is part of the financial sector. Shares are up 41.4% 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 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Bancorp of New Jersey ( BKJ), down 10.5%, Greene County Bancorp ( GCBC), down 7.0%, Village Bank and Trust Financial Corporatio ( VBFC), down 6.0% and Credit Suisse ( DGAZ), down 4.6%.

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).

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