State Street Corporation (STT) reported misses in their second-quarter earnings, which has prompted analysts to revise their models. State Street's dividend rate has been boosted, even though they have reported an Earnings per Share miss of approximately 6.1%. CFRA Research has rated them a 'Moderate Buy'. A significant buyback of $1,700 million has been completed. Several firms have taken positions, with Sigma Planning Corp acquiring 6,599 shares and Xponance Inc. possessing $5.28 million holdings. The company is witnessing a rapid surge, securing the 161st spot in daily market rankings with a $620 million turnover. They have declared dividends on their Common and Non-Cumulative Perpetual Preferred Stock Series. The company has announced an 11% dividend increase and a positive outlook despite macro uncertainty. State Street Corp has been categorized as a Strong Buy and is considered a top dividend stock for portfolios. Its key metrics are said to be exceeding Wall Street estimates.
State Street Corporation STT News Analytics from Fri, 06 Dec 2024 08:00:00 GMT to Sat, 19 Jul 2025 20:44:06 GMT - Rating 0 - Innovation 2 - Information 7 - Rumor -2
