J.P. Morgan Remains a Hold on State Street (STT)

In a report released on August 18, Vivek Juneja from J.P. Morgan maintained a Hold rating on State Street (STTResearch Report), with a price target of $78.00. The company’s shares closed yesterday at $70.88.

Juneja covers the Financial sector, focusing on stocks such as Bank of America, Fifth Third Bancorp, and Regions Financial. According to TipRanks, Juneja has an average return of 14.7% and a 58.45% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for State Street with a $79.45 average price target, a 12.09% upside from current levels. In a report released on August 12, Deutsche Bank also maintained a Hold rating on the stock with a $74.00 price target.

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STT market cap is currently $26.06B and has a P/E ratio of 9.81.

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State Street Corporation is a financial services and bank holding company. It provides a range of financial products and services to institutional investors worldwide including deposits, loans and lease financing, securities finance, trading services, portfolio modeling and construction, and wealth management solutions.

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