State Street CorpSTTPARTIAL SELLJul 16, 2026Stock price when the opinion was issued
As of Jul 17, 2026. Market Open.
Financial services category, but in reality is a "custodian" of security transactions. Very stable business with lots of opportunity. Margins and profits continue to rise. Weakness after Silicon Valley collapse has created buying opportunity. Recent inclusion in US "Fed Test" indicated large amount of excess capital. Expecting large divided payout soon.
Mainly custodial services, long-term compounder. Makes $$ by growing assets under management, which have grown over time, but growth not great. SPDR ETF business, decent size and growing nicely. His issue is that its worth is based on market values, less on market activity, and market valuations are up there.
He's been trimming banks in US and Canada.