State Street Corporation (NYSE: STT) has reported E.P.S. of $1.38 for its first fiscal quarter (ending March 31) versus $1.54 for the same period a year ago. E.P.S. were $5.41 for the latest four quarters through March 31 versus $7.24 for the same period a year ago.
Recent Price Action
On 4/12/24, State Street Corporation (NYSE: STT) stock enjoyed a large increase of 2.5%, closing at $75.78. Moreover, this advance was accompanied by exceptionally high trading volume at 297% of normal. Relative to the market the stock has been strong over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, STT is expected to continue to be a Value Builder.
State Street has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. State Street has a good Power Rating of 75 and a very high Appreciation Score of 94, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment