(NYSE:STT) State Street Corp Has Analysts Forecasting Upside

State Street Corp (NYSE:STT)

October 24th, 2018

Amidst falling markets State Street Corp finished Wednesday’s trading session down 0.49%, a $0.34 decrease to close on $69.38. In addition to the stock finishing lower, the trading volumes were only 19% of normal which could be an indication of investor uncertainty.

STT outperformed the rest of the Financials sector which went down only 0.85% today.

State Street Corp is listed on the S&P 500 index, and was one of 284 stocks that fell today. Weighted by market cap, STT represents about 0.09% of the S&P 500.

Market Sectors

The market sectors were mixed Wednesday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (1.10%), while Communication Services saw the biggest drop (1.49%). Information Technology has seen the biggest year-to-date gain at 12%. The biggest loss this year has been the Materials sector dropping 14%.

Healthcare saw the biggest turnaround from its 5-day performance of -2.94%, as it went up 0.18%. Communication Services and Information Technology both saw turn arounds from their five day positive performance, Communication Services with a drop of 1.49%.

Sector Breakdown

  • Utilities went up with a 1.10% change.
  • Consumer Staples went up with a 0.98% change.
  • Real Estate went up with a 0.86% change.
  • Healthcare went up with a 0.18% change.
  • Consumer Discretionary went down with a -0.01% change.
  • Industrials went down with a -0.47% change.
  • Materials went down with a -0.59% change.
  • Energy went down with a -0.67% change.
  • Financials went down with a -0.85% change.
  • Information Technology went down with a -1.00% change.
  • Communication Services went down with a -1.49% change.

State Street Corporation is based in Boston, United States of America. was founded in 1792.

State Street Corp Info

State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, including custody; product and participant level accounting; daily pricing and administration; master trust and master custody; depotbank services; record-keeping; cash management; foreign exchange, brokerage, and other trading services; securities finance; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors. It also provides investment management services, such as investment management, investment research, and investment advisory services to corporations, public funds, and other sophisticated investors, as well as offers passive and active asset management strategies across equity, fixed-income, alternative, multi-asset solutions, and cash asset classes. The company offers its products and services to mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments, and investment managers. State Street Corporation was founded in 1792 and is headquartered in Boston, Massachusetts.

All amounts in USD unless otherwise indicated

STT daily update
STT daily update

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