Goldman Sachs Reiterates Buy Rating On State Street

According to Goldman Sachs, State Street STT Buy rating is reiterated. Goldman Sachs said that it hosted a meeting with STT's CEO, Jay Hooley, and CFO, Ed Resch. “We walked away confident in STT's ability to deliver good organic growth and positive operating leverage, with less uncertainty relative to other largecap financials. While the environment for STT's ancillary fees is still challenging, we think the stock offers the best near-term growth profile among the trust banks at an attractive multiple of 10X 2012E.” State Street closed yesterday at $43.99.