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 0.2%. By the end of trading, State Street rose $0.98 (1.3%) to $75.15 on average volume. Throughout the day, 1,815,389 shares of State Street exchanged hands as compared to its average daily volume of 2,064,700 shares. The stock ranged in a price between $74.43-$75.34 after having opened the day at $74.43 as compared to the previous trading day's close of $74.17. Other companies within the Banking industry that increased today were: North Valley Bancorp ( NOVB), up 28.7%, Credit Suisse ( UGAZ), up 13.4%, Pinnacle Financial Partners ( PNFP), up 7.3% and Southwest Bancorp ( OKSB), up 6.9%.

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 $32.3 billion and is part of the financial sector. The company has a P/E ratio of 16.7, below the S&P 500 P/E ratio of 17.7. Shares are up 1.1% year to date as of the close of trading on Tuesday. 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.

On the negative front, Credit Suisse ( DGAZ), down 13.2%, Bank Bradesco ( BBDO), down 7.3%, Cardinal Financial ( CFNL), down 5.4% and Broadway Financial ( BYFC), down 5.3% , were all laggards within the banking industry with Ocwen Financial Corporation ( OCN) 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.

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