State Street Corp (STT): Today's Featured Financial 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 sector lower today making it today's featured Financial laggard. The sector as a whole closed the day down 0.6%. By the end of trading, State Street fell $1.94 (-3.0%) to $63.79 on heavy volume. Throughout the day, 5,046,035 shares of State Street exchanged hands as compared to its average daily volume of 3,031,400 shares. The stock ranged in price between $63.65-$65.50 after having opened the day at $65.15 as compared to the previous trading day's close of $65.73. Other companies within the Financial sector that declined today were: Zillow ( Z), down 10.4%, Leju Holdings Ltd ADR ( LEJU), down 8.4%, Transcontinental Realty Investors ( TCI), down 7.9% and Consolidated-Tomoka Land ( CTO), down 7.4%.

State Street Corporation provides various financial services and products to institutional investors worldwide. State Street has a market cap of $28.4 billion and is part of the financial services industry. Shares are down 10.4% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate State Street a buy, 2 analysts rate 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, growth in earnings per share, attractive valuation levels, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Bank Bradesco ( BBDO), up 4.5%, A-Mark Precious Metals ( AMRK), up 4.4%, Paulson Capital ( PLCC), up 4.3% and Cordia Bancorp ( BVA), up 4.2% , were all gainers within the financial sector with Annaly Capital Management ( NLY) being today's featured financial sector leader.

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