State Street Corporation (STT) has generated several significant news updates. The institution announced a
10% increase in dividends at $0.69 per share. The company’s shares have been adjusted by various firms, with Norway Savings Bank and Wellington Management Group LLP selling shares, while Riverview Trust Co. and CHICAGO TRUST Co NA bought new shares.
In strategic moves, STT signed a deal with
Galaxy Digital for the creation of new digital asset ETFs, signalling an expansion into the cryptocurrency field. On the financial side, the corporation has released several earnings reports, both beating estimates and reporting mixed results due to market conditions.
STT's price target was lowered to $84.00 by Keefe, Bruyette & Woods. Despite this, it is regarded as a robust long-term value and dividend stock. In terms of preferred stock, STT both issued and announced redemption plans. Notably, State Street Corp. announced a strategic SWOT analysis and initiated a potential purchase of SocGen's custody business. The company is also preparing for the release of Q1 2024 financial results.
State Street Corporation STT News Analytics from Mon, 11 Sep 2023 07:00:00 GMT to Sun, 30 Jun 2024 12:14:25 GMT -
Rating 3
- Innovation -5
- Information 7
- Rumor -2
