International Strategy & Investment Group Notes on STT

International Strategy & Investment Group has issued a report following State Street's STT 2Q results. According to the report, "The miss to our estimate was entirely due to much higher compensation than expected ($1.01bn vs. $960mn forecast), while revenue was stronger in most categories and other operating expenses were broadly in line with our forecasts." STT is Buy Rated and has a $56 Price Target. STT closed at $42.02 a share yesterday.