In the previous quarter,
State Street Corporation (NYSE: STT) made quite a few strategic and significant moves. The company successfully beat Q3 earnings and revenue estimates, with increased profits as their CFO Eric Aboaf decided to step down. Aboaf's departure news was shortly followed by
Eric Aboaf assuming the role of CFO at
S&P Global State Street's Q3 earnings saw
AUM grwo to a whopping
$4.7T. Maintaining a good portfolio, the company was upgraded to a '
Buy' by StockNews.com.
JPMorgan kept the target stock price unchanged referencing pricing pressure and slower revenue growth.
State Street also expanded its footprint in
Mexico as a part of their Latin American commitment. They formed a partnership with
TCW to provide investment services and extended their ETF servicing relationship with
VanEck. Domestically, the company secured ETF Servicing relationship with VanEck, and appointed
Vanessa Fernandes as Head of Digital Assets. However, their stock performance was a mix with a 52-week high and being rated as underperforming by BofA.
State Street Corporation STT News Analytics from Fri, 19 Jan 2024 08:00:00 GMT to Sat, 19 Oct 2024 16:38:55 GMT -
Rating 5
- Innovation 7
- Information 8
- Rumor 2
