Friday, March 21, 2008

sttAnalysts Listing

According to State Street, these are the analysts who follow the company:

* A.G. Edwards & Sons: David George
* Bank of America: Kenneth Usdin
* Bear, Stearns & Co.: David Hilder
* Credit Suisse First Boston: Susan Roth
* Deutsche Bank: Mike Mayo
* Edward D. Jones & Co., L.P.: Dawn Mueller
* Fox-Pitt, Kelton Inc.: Andrew Marquardt
* Goldman Sachs: Lori Appelbaum
* HSBC: Matthew Czepliewicz
* JP Morgan: Vivek Juneja
* Janney Montgomery Scott: Thomas McCrohan
* Keefe, Bruyette & Woods: Robert Lee
* Lehman Brothers: Jason Goldberg
* Merrill Lynch: Brian Bedell
* Morgan Stanley: Betsy Graseck
* Punk Ziegel: Richard Bove
* RBC Capital Markets: Gerard Cassidy
* UBS: Glenn Schorr
* William Blair & Company: David Long

A few of these analysts are decent enough to warrant the title. The rest of them can be heard lobbing unimpressive softballs during the archived earnings calls, and can be seen fielding tepid notes in their published reports.

But then again: many of these analysts work for companies that are also counterparties that must work with State Street. No conflict of interest there, of course.

Why does State Street's management fail to provide archived transcripts of these calls? At the very least, it shows a lack of consideration for hearing-impaired shareholders, and may, in fact, constitute a violation of the Americans with Disabilities Act.

Maybe the analysts will bring this suggestion up in the next call. After all, it's to their benefit, too: they can more easily search on a transcript to find an inconsistency in something they've been told previously, than they can an audio file.

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