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State Street Corp V.STT


Primary Symbol: STT Alternate Symbol(s):  STT.PR.G

State Street Corporation is a financial holding company. The Company, through its subsidiary, State Street Bank and Trust Company (State Street Bank), provides a range of financial products and services to institutional investors. It operates through two lines of business: Investment Servicing and Investment Management. Its Investment Servicing, through State Street Investment Services, State Street Global Markets, State Street Alpha, and State Street Digital, provides investment services for clients, including mutual funds, collective investment funds and other investment pools. Its products include back-office products, such as custody, accounting, investor services and others. Its Investment Management line of business, through State Street Global Advisors, provides a range of investment management strategies and products for its clients. It offers a breadth of services and solutions, including ESG investing, defined contribution products, Global Fiduciary Solutions, and others.


NYSE:STT - Post by User

Post by rationalexuberanceon Feb 26, 2014 10:11am
176 Views
Post# 22252738

positive development

positive developmentGlad to see Q4 was profitable but the interesting piece of news that the convertible debentures will get exercised means that STT will have a positive shareholder equity

Even with the 31 million shares dilution, the stock is cheap; based on 58 million shares, the $1 million in profit is 1.7 cents eps for FY13;  what's interesting is the debenture holders could've taken their principle back but chose to exercise their debentures into shares.....that's quite a vote of confidence
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