Mike Mayo Reaffirms Buy Rating on State Street Amid Strategic Custody Unit Acquisition
TipRanks (Thu, 18-Apr 5:58 AM ET)
State Street explores potential purchase of SocGen's custody business - report
Seeking Alpha News (Wed, 17-Apr 9:30 AM ET)
TipRanks (Wed, 17-Apr 5:20 AM ET)
Morgan Stanley Remains a Hold on State Street (STT)
TipRanks (Tue, 16-Apr 12:15 AM ET)
State Street (STT) Gets a Buy from Seaport Global
TipRanks (Mon, 15-Apr 8:35 AM ET)
State Street Underweight Rating: Challenges in Servicing Fees and Pressured Outlook
TipRanks (Mon, 15-Apr 5:55 AM ET)
State Street’s Strong Financial Performance and Positive Outlook Justify Buy Rating
TipRanks (Sun, 14-Apr 9:35 PM ET)
Maintaining Sell Rating on State Street: Limited Upside Despite Strong Performance
TipRanks (Sun, 14-Apr 9:26 PM ET)
State Street’s Strong Financial Outlook and Strategic Growth Initiatives Justify a Buy Rating
TipRanks (Sun, 14-Apr 6:55 PM ET)
State Street is a leading provider of financial services, including investment servicing, investment management, and investment research and trading. With approximately $42 trillion in assets under custody and administration and $4.1 trillion assets under management as of Dec. 31, 2023, State Street operates globally in more than 100 geographic markets and employs more than 46,000 worldwide.
State Street trades on the NYSE stock market under the symbol STT.
As of April 19, 2024, STT stock price climbed to $73.37 with 2,399,903 million shares trading.
STT has a beta of 0.94, meaning it tends to be less sensitive to market movements. STT has a correlation of 0.20 to the broad based SPY ETF.
STT has a market cap of $22.12 billion. This is considered a Large Cap stock.
Last quarter State Street reported $3 billion in Revenue and $1.69 earnings per share. This beat revenue expectation by $78 million and exceeded earnings estimates by $.19.
In the last 3 years, STT stock traded as high as $104.87 and as low as $58.62.
The top ETF exchange traded funds that STT belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.
STT has underperformed the market in the last year with a return of +1.6%, while the SPY ETF gained +21.2%. In the last 3 month period, STT fell short of the market, returning -0.3%, while SPY returned +4.3%. However, in the most recent 2 weeks STT has outperformed the stock market by returning -3.4%, while SPY returned -3.5%.
STT support price is $71.96 and resistance is $74.12 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that STT stock will trade within this expected range on the day.