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Is It Safe? State Street Offers Solid Bank Bet

Stock quotes in this article: STT , C , BAC , LM , TROW  

TSC Ratings provides exclusive stock, ETF and mutual fund ratings and commentary based on award-winning, proprietary tools. Its "safety first" approach to investing aims to reduce risk while seeking solid outperformance on a total return basis.

Recent bank stress tests have left many investors optimistic about financial stocks. State Street(STT Quote) is one of the few companies that merits such enthusiasm.

Shares of the custody bank have climbed 20% this quarter, trailing the 28% gain of the S&P 500 Financials Index. The gap has created an opportunity to invest in a stable company at a discounted price.

TheStreet.com Ratings ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,390.11 1,103.25 2,189.61 34.48
Oil *
76.70
UP
1.21
DOWN
2.73
DOWN
4.74
DOWN
0.35
10 Yr
3.45%
SPDR Gold
113.11
+0.01%
-0.25%
-0.22%
-1.00%
Data delayed 20 minutes

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