This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Bargain Stocks to Buy Before 2013

State Street

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

State Street (STT - Get Report) is another special case in the banking business. Unlike its traditional big banking peers, State Street is a trust bank. That means that it focuses on asset management, custody, and administration instead of retail and commercial lending. Because of that, State Street's revenues aren't earned on the spread between the rates they charge and the rates they pay; they're earned on stable fees.

>>5 Bank Stocks Bernanke Can't Hurt Anymore

There are a few tailwinds that should help State Street grow its income statement in the next couple of years. The first is stocks. With an equity rally that's already sent the S&P more than 13% higher this year, State Street is looking at expanding assets under custody -- and since the firm is paid on the size of the assets it's watching, a climbing market is a good thing for investors.

At the same time, the continued popularity of ETFs is another tailwind. State Street is one of the biggest ETF sponsors in the marketplace, so it benefits by having more products out there.

State Street made some big strides to shore up its financial condition during the financial crisis, and now, with that behind it, the firm's financials look attractive again. With shares trading just around book value right now, STT sports the type of discount that more traditional banks are trading for; that makes this trust bank a bargain right now.
3 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
COF $59.88 -3.20%
HES $38.92 -0.94%
MRVL $8.41 -2.00%
TAP $83.64 -0.64%
STT $52.37 -2.50%


Chart of I:DJI
DOW 15,660.18 -254.56 -1.60%
S&P 500 1,829.08 -22.78 -1.23%
NASDAQ 4,266.8370 -16.7550 -0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs