Why State Street Surged 13.7% in November

Financial custodian, asset manager, and financial services firm State Street (NYSE: STT) surged 13.7% in November, according to data from S&P Global Market Intelligence. The Boston-based financial giant, which has been in business since 1792, is still attempting to claw its way back from a plunge that began in 2018 with the beginning of the U.S.-China trade war.

In November, State Street's stock followed the trend of better-than-feared earnings and rising markets worldwide, as hopes for a trade truce increased.

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Source Fool.com