Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Is State Street a Buy?

TheMotleyFool

0 0

Considering how hard the financial sector has been hit this year by the one-two punch of the COVID-19 pandemic and the Fed lowering prime interest rates to near 0%, State Street (NYSE: STT) has fared relatively well in the first quarter.

The asset manager/custody bank reported a 25% increase in first-quarter earnings compared to the same period last year, topping analysts' estimates. The company benefited from a complementary mix of revenue streams that enabled it to navigate the rapids in Q1.

But where does it go from here? Is State Street stock worth owning?

Source Fool.com

Like: 0

STT

Share