Vining Sparks analyst Marty Mosby maintained a Buy rating on State Street Corp (NYSE: STT) today and set a price target of $115. The company’s shares opened today at $86.94, close to its 52-week low of $82.43.
According to TipRanks.com, Mosby is a top 100 analyst with an average return of 15.8% and a 73.7% success rate. Mosby covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, Goldman Sachs Group Inc, and Fifth Third Bancorp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for State Street Corp with a $99.75 average price target, which is a 14.7% upside from current levels. In a report issued on September 27, Deutsche Bank also maintained a Buy rating on the stock with a $99 price target.
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Based on State Street Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.08 billion and net profit of $734 million. In comparison, last year the company earned revenue of $2.85 billion and had a net profit of $685 million.
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State Street Corp. operates as a financial holding company. It conducts business primarily through State Street Bank. The company operates through following business lines: Investment Servicing and Investment Management.
