On Tuesday analysts at JP Morgan upgraded financial services company State Street Corporation (STT) as its cost cutting strategy is offsetting a lower net interest margin.
The analysts upgraded STT to “Neutral” from “Underweight.”
State Street shares were up slightly during pre-market trading on Tuesday. The stock is up +28.58% over the past year.
The Bottom Line
Shares of State Street (STT) have a 1.80% dividend yield, based on Friday’s closing stock price of $53.36. The stock has technical support in the $48-$50 price area. If the shares can firm up, we see overhead resistance around the $55-$60 price levels.
State Street Corporation (STT) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here