State Street Corporation (STT) has set their release date for Q4 and Full-Year 2024 earnings for January 17, which follows solid financial results across 2024, including Q2 and Q3. STT recently hit a 52-week high at $99.53, a strong indicator of continued growth, further consolidated by a rise of 2.5% since their last earnings report. However, worryingly, there has been a selloff of 7,903 shares by British Columbia Investment Management Corp and Edgestream Partners L.P. Following their recent
debt offering of $2.25B, a new investment has been made in STT by Safe Harbor Fiduciary LLC. State Street Global Advisors' 2025 Global Market Outlook suggests that rate cuts will drive a soft landing for the market, with a rally in fixed income forecasted. Their commitment to shareholders is evidenced by declaring
dividends on non-cumulative perpetual preferred stock series. However, the corporation is currently facing an antitrust violation lawsuit with BlackRock and Vanguard. Amidst the legal battles, STT focuses on its future, showing its
innovative spirit through partnerships with Bridgewater to introduce retail alternative investment ETFs and the appointment of Vanessa Fernandes as Head of Digital Assets. However, consistent to the complexity of the market, analysts have a mixed take on the company with ratings ranging from a Buy to Hold.
State Street Corporation STT News Analytics from Thu, 15 Feb 2024 08:00:00 GMT to Fri, 06 Dec 2024 22:00:00 GMT -
Rating 5
- Innovation 7
- Information 8
- Rumor -2
