S&P lowers State Street (STT) - including its counterparty credit rating - one notch A+/A-1 from AA-/A-1+, reflecting both ongoing risks and the
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S&P lowers State Street (STT) - including its counterparty credit rating - one notch A+/A-1 from AA-/A-1+, reflecting both ongoing risks and the new risks STT outlined in its ominous 8-K filing - along with a more negative earnings outlook for 2009. Shares dived 59%, and are down another 3.6% AH to $14.35.
Posted by expathos (#1) 1218 days ago (http://seekingalpha.com)The banking sector has been hit hard over the last year, but a few stand-out stocks deserve a second look, writes Barron's. Patient investors should check out Northern Trust (NTRS), State Street (STT), JPMorgan (JPM) and PNC Financial (PNC).
Posted by expathos (#1) 1227 days ago (http://seekingalpha.com)
The banking sector has been hit hard over the last year, but a few stand-out stocks deserve a second look, writes Barron's. Patient investors should
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