**State Street Corporation (STT)** has been in the news for various activities, ranging from financial performance to major organisational changes. Recently, the firm accepted an invitation to speak at the Morgan Stanley U.S. Financials Conference. Investment firms like Two Sigma Investments LP and Toronto Dominion Bank have significantly increased their positions in STT stock. On the other hand, CFRA cut the company's stock rating, stating a new target of $105 from the previous $110.
STT's first-quarter 2025 financial results have been reported, reflecting strong growth. The corporation has appointed a new Chief Financial Officer, John F. Woods. Truist Financial also upgraded the STT stock from 'Hold' to 'Buy'. Neo Ivy Capital Management has made a fresh investment of $3.36 million in State Street. The corporation has released dividends on common stock and non-cumulative perpetual preferred stock series G, I, J, and K.
In terms of acquisitions, the corporation has acquired Mizuho Financial Group’s Global Custody Business. Another significant development is the strategic investment and Global ETF access granted to the Indian platform smallcase. Furthermore, EMAlpha has selected State Street’s LINK Platform for integration, signifying progressive innovation.
State Street Corporation STT News Analytics from Tue, 15 Oct 2024 07:00:00 GMT to Sat, 31 May 2025 23:54:07 GMT - Rating 7 - Innovation 5 - Information 9 - Rumor -6
