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 closed the day up 0.5%. By the end of trading, State Street fell $1.72 (-2.5%) to $65.67 on heavy volume. Throughout the day, 7,253,997 shares of State Street exchanged hands as compared to its average daily volume of 2,346,100 shares. The stock ranged in price between $65.37-$66.53 after having opened the day at $65.37 as compared to the previous trading day's close of $67.39. Other companies within the Banking industry that declined today were: VelocityShares 3x Inverse Natural Gas ETN ( DGAZ), down 8.6%, Plumas Bancorp ( PLBC), down 5.5%, Elmira Savings Bank Elmira NY ( ESBK), down 4.8% and Carver Bancorp ( CARV), down 4.0%.

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 $29.1 billion and is part of the financial sector. Shares are down 8.2% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate State Street a buy, 2 analysts rate it a sell, and 4 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, increase in stock price during the past year, growth in earnings per share, increase in net income and attractive valuation levels. 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, China Commercial Credit ( CCCR), up 32.3%, Greene County Bancorp ( GCBC), up 8.1%, VelocityShares 3x Long Natural Gas ETN ( UGAZ), up 8.1% and Simplicity Bancorp ( SMPL), up 6.3% , were all gainers within the banking industry with KeyCorp ( KEY) 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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