State Street Corp (STT): Today's Featured Financial Services 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 Services industry lower today making it today's featured Financial Services laggard. The industry as a whole was unchanged today. By the end of trading, State Street fell $1.23 (-1.9%) to $64.13 on light volume. Throughout the day, 2,226,317 shares of State Street exchanged hands as compared to its average daily volume of 2,969,300 shares. The stock ranged in price between $63.51-$64.72 after having opened the day at $64.71 as compared to the previous trading day's close of $65.36. Other companies within the Financial Services industry that declined today were: MoneyGram International ( MGI), down 4.9%, Oppenheimer Holdings ( OPY), down 4.0%, WisdomTree Investments ( WETF), down 3.6% and Tiptree Financial ( TIPT), down 2.5%.

State Street Corporation provides various financial services and products to institutional investors worldwide. State Street has a market cap of $28.2 billion and is part of the financial sector. The company has a P/E ratio of 14.1, below the S&P 500 P/E ratio of 17.7. Shares are down 10.9% year to date as of the close of trading on Friday. 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, reasonable valuation levels, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, RCS Capital ( RCAP), up 6.8%, RENN Global Entrepreneurs Fund ( RCG), up 5.3%, Greenhill ( GHL), up 4.3% and Ladenburg Thalman Financial Services ( LTS), up 4.2% , were all gainers within the financial services industry with Total System Services ( TSS) being today's featured financial services industry leader.

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