3. As of noon trading, State Street ( STT) is down $0.46 (-0.7%) to $69.56 on light volume. Thus far, 376,727 shares of State Street exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $69.33-$70.27 after having opened the day at $70.03 as compared to the previous trading day's close of $70.02.

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 $30.6 billion and is part of the financial sector. The company has a P/E ratio of 15.8, below the S&P 500 P/E ratio of 17.7. Shares are up 48.3% year to date as of the close of trading on Monday. Currently there are 11 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 revenue growth, solid stock price performance, attractive valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full State Street Ratings Report now.

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