Jan 18th 2013 - Edison Investment Research today published a report on Secure Trust Bank (STB.L, LSE:STB, LON:STB) entitled "Growth As Expected". In summary, the report says:
Secure Trust Bank’s (STB) trading update confirms that 2012 profits are in line with market expectations which are for a significant franchise growth. As expected, STB has been active making acquisitions with the full benefit likely to be seen in 2014. With the expected organic growth, the current share price represents a fair value for the existing business giving no credit for medium term growth or other acquisition opportunities.
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