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Topic: Growth Stocks
STATE STREET CORP. $71 (www.statestreet.com) sells accounting and administrative services to large institutional investors, such as mutual funds and pension plans. The company’s fee income rises and falls with the value of the securities it manages. Thanks to improving stock markets and new contracts, earnings per share rose 12.1%, to $5.09 in 2014 from $4.54 in 2013. Revenue gained 5.9%, to $10.6 billion from $10.1 billion. Buy.
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