State Street Corporation (STT) has reported its First Quarter 2025 financial results, although it has faced investor activism amid a 10% slide in stock value. The corporation remains a good choice for dividend investors due to a recent price target revision to $85 at Truist Financial and keeping a strong track record of beating earnings estimates. It has unveiled a revolutionary Retirement Fund that stands as the first to combine public and private markets. The corporation has issued preferred stock and $2.3 billion of Senior Debt. Furthermore, it's acquiring Mizuho Financial Group’s Global Custody Business while showing strong growth through onboarding River Global, and a $64 million investment deal. It recently announced three additional bank partnerships aiming to support Minority Depository Institutions and Community Development Financial Institutions. While Barclays remains positive about the STT, having the price tag revised to $120 from $94, some institutions have sold their STT shares. The corporation has also seen influxes of investment from Capital Research Global Investors and Marshall Wace LLP. State Street continues to expand, signing notable deals with partners like Harris | Oakmark and Voya for IncomeWise.
State Street Corporation STT News Analytics from Mon, 30 Sep 2024 07:00:00 GMT to Sat, 26 Apr 2025 08:05:35 GMT - Rating -3 - Innovation -2 - Information 9 - Rumor 3
