Company Update: State Street Corporation (NYSE:STT) – State Street’s Chief Executive Officer Jay Hooley and Chief Financial Officer Mike Bell to Present at the 2016 Deutsche Bank Global Financial Services Investor Conference

[Business Wire] – State Street Corporation announced today that its CEO Jay Hooley, and CFO Mike Bell, will participate in a fireside chat at the 2016 Deutsche Bank Global Financial Services Investor Conference in New York City on Wednesday, June 1, 2016 at 11:20am EDT. Read more on this. State Street Corporation (STT) , with a current value of $24.35B, opened at $59.69. Looking at the stock, its one day range is $59.33 to $61.63 with the price of the stock fluctuating between $50.73 to $81.26 over the last 52 weeks. Priced at 12.71x this year’s forecasted earnings, STT shares are relatively expensive compared to the industry’s 10.83x forward p/e ratio. And for passive income investors, the company pays shareholders $1.36 per share annually in dividends, yielding 2.30%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $1.26 per share, which would be $0.11 worse than the year-ago quarter and a $0.03 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $4.75 would be a $0.14 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.65 Billion. If reported, that would be a 2.93% decrease over the year-ago quarter. Recently, Keefe Bruyette downgraded STT from Mkt Perform to Underperform (Mar 28, 2016). Previously, JP Morgan upgraded STT from Underweight to Neutral. The average price target for STT shares by the analysts covering the stock is $65.72, which is 10.10% above where the stock opened this morning. See more in (NYSE:STT) Similar Articles: Company Update (NYSE:BLK): BlackRock’s Laurence D. Fink to Present at the 2016 Deutsche Bank Global Financial Services Investor Conference on May 31st Market Update: State Street Corporation (NYSE:STT) – State Street Corporation Announces Date for Release of Fourth-Quarter and Full-Year 2015 Financial Results and Conference Call Webcast Market Update (NYSE:STT): State Street’s Chief Executive Officer of Europe, the Middle East and Africa (EMEA), Jeff Conway, to Present at the 2015 Goldman Sachs US Financial Services Conference