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An update from State Street ( (STT) ) is now available.
In a recent announcement, State Street Corporation detailed changes in its executive leadership and financial performance for 2024. Eric Aboaf, the Vice Chairman and CFO, will step down in February 2025, with Mark R. Keating appointed as interim CFO. The company reported strong financial results for the fourth quarter of 2024, with a 12% increase in total revenue and a 13% rise in fee revenue year-over-year, driven by strategic initiatives in Investment Services and Global Advisors. This performance indicates robust business momentum and positions the company well for sustainable growth in 2025.
More about State Street
State Street Corporation operates within the financial services industry, focusing on investment management and servicing. It provides a range of financial services, including asset management, custody, and administration, catering to institutional investors globally.
YTD Price Performance: 3.18%
Average Trading Volume: 2,065,176
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $29.46B
For detailed information about STT stock, go to TipRanks’ Stock Analysis page.
