State Street Corp stock hits all-time high at 119.51 USD

State Street Corp stock has reached an all-time high, hitting 119.51 USD. This milestone reflects a remarkable performance over the past year, with the stock experiencing a 1-year change of 28.72% according to InvestingPro data. With a P/E ratio of 12.54 and a notably low PEG ratio of 0.24, the stock is trading at an attractive valuation relative to its growth prospects. The financial services giant has seen its shares steadily climb, driven by robust earnings reports and strategic initiatives that have bolstered investor confidence. Particularly impressive is the stock's 27.95% price return over the past six months. InvestingPro highlights that State Street has maintained dividend payments for 55 consecutive years, currently offering a 2.84% yield. As State Street Corp continues to expand its global footprint and enhance its service offerings, market analysts are closely watching its next moves and the potential for further growth in the coming quarters. Though trading slightly above its Fair Value according to InvestingPro metrics, eight analysts have recently revised their earnings expectations upward for the upcoming period. Discover State Street's comprehensive Pro Research Report, part of the in-depth analysis available for 1,400+ top US stocks.

In other recent news, State Street Corporation reported third-quarter 2025 earnings per share of $2.78, surpassing both TD Cowen's forecast of $2.57 and the broader market consensus of $2.64. Following these results, TD Cowen raised its price target for State Street to $135 while maintaining a Buy rating. Additionally, State Street announced the acquisition of PriceStats, a provider of daily inflation statistics, to enhance its research capabilities. The company also signed a strategic agreement with Albilad Capital in Saudi Arabia to bolster securities services in the region, aligning with Saudi Arabia's Vision 2030 initiative. Furthermore, State Street acquired a minority stake in Coller Capital to expand its presence in the private market secondaries sector. The company plans to redeem $500 million in senior notes on November 4, ceasing interest accrual post-redemption. These developments reflect State Street's ongoing efforts to strengthen its global market position and service offerings.

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