State Street stock hits 52-week high at $101.97 amid robust gains

State Street Corporation (NYSE:STT) shares soared to a 52-week high, reaching $102.16, as the financial services giant continues to ride a wave of positive momentum. According to InvestingPro data, the company, now valued at $29.35 billion, is trading at Fair Value with a solid 3.03% dividend yield. Over the past year, State Street has witnessed a remarkable turnaround, with its stock price surging by 38.9%. This impressive performance is backed by strong fundamentals, with five analysts recently revising earnings estimates upward. The company has maintained dividend payments for 55 consecutive years, demonstrating exceptional financial stability. The ascent to a 52-week high underscores the robust performance of State Street amidst a challenging economic landscape, signaling strong operational resilience and potential for sustained growth. Discover more insights and ProTips about STT with a comprehensive Pro Research Report, available exclusively on InvestingPro.

In other recent news, State Street Corporation has been the subject of several analyst revisions. Wolfe Research upgraded the company’s stock rating to Peerperform, citing improved dynamics in its Lines of Business. On the other hand, Goldman Sachs, Truist Securities, and CFRA made adjustments to their price targets for the company, with Goldman Sachs maintaining a Buy rating despite potential shortcomings in State Street’s 2025 financial outlook.

State Street’s recent financial performance has been strong, with fourth-quarter adjusted earnings per share reaching $2.60 and revenue at $3.41 billion, a 12% year-over-year increase. The company’s total fee revenue rose by 13% to $2.66 billion, while net interest income increased by 10% to $749 million compared to the same quarter last year.

The company’s assets under custody and administration reached $46.7 trillion, marking an 11% increase from the previous year. In 2024, State Street returned $2.2 billion to shareholders, including $1.3 billion in buybacks and $900 million in dividends, offering a 3% dividend yield. These are the recent developments for State Street Corporation.

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