State Street Corporation (STT) has been the subject of recent important updates. These include announcements of a common stock dividend, a Q4 and full-year 2024 earnings release, and the redemption of $800 million in senior notes. Analysts at J.P. Morgan have also upgraded their rating of State Street's stock to Neutral, citing benefits from net interest income. In other news, STT reported a 2.68% rise in share price over a week, hitting a 52-week high and making it a tempting option for value investors and dividend seekers. Strategic business moves such as announcing three additional partnerships to support minority depository institutions and community development financial institutions have been undertaken. The company also successfully reported Q3 earnings and revenue estimates that exceeded Wall Street's expectations, adding to the current bullish sentiment. Furthermore, State Street issued $2.3 billion of senior debt and also appointed Majed Al Hassoun to head the Saudi Arabia and Bahrain operations.
State Street Corporation STT News Analytics from Fri, 08 Mar 2024 08:00:00 GMT to Fri, 20 Dec 2024 15:50:05 GMT -
Rating 8
- Innovation 7
- Information 7
- Rumor -3
