Through the recent reports we find that State Street Corporation (STT) is showing signs of economic growth and vitality. Significant events include the decrease in short interests, topping Q2 earnings and revenue estimates, and a 10.1% increase in their quarterly cash dividend payout. There's also evidence of active investing in the company as the Orion Portfolio Solutions posted a stake worth $897,000. Amidst all of these developments, it seems Citigroup upgraded their price target on State Street to $90.00.
Further reflecting their positive position, State Street has raised their dividend to $0.76 per share, solidifying its place as a strong dividend stock. Recently too, they gained a mandate win with Galapagos Capital and are exploring the creation of their own stablecoin.
Their Q2 earnings are most notable, surpassing expectations and leading to a new 1-year high. Lastly, State Street received new price targets from companies like Morgan Stanley and Goldman Sachs, further indicating an optimistic outlook.
State Street Corporation STT News Analytics from Mon, 06 Nov 2023 15:51:12 GMT to Sun, 28 Jul 2024 11:16:09 GMT - Rating 7 - Innovation 5 - Information 8 - Rumor 3
