State StreetNYSE: STT

State Street (STT) enters into a partnership agreement with Galaxy Digital to enhance its digital-based offerings. This move aligns with the company's growth initiatives to boost its digital solutions.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does State Street Corporation (STT) have what it takes?

Solid business servicing wins, expansion/consolidation efforts, high rates and global reach will likely keep aiding State Street's (STT) growth. Yet, rising costs and fee income concentration are woes.

State Street's Global Chief Investment Officer Lori Heinel says investors have "become accustomed" to geopolitical risk coming from the US and other regions in the world. Speaking on Bloomberg Television, she says this is translating into "less conviction in bets.

Marija Veitmane, head of equity research at State Street Global Markets, says the artificial intelligence discourse is dominating equity markets and although "tech is kind of in a bubble of itself in terms of its profitability," she doesn't see it as close to popping. She speaks on Bloomberg Television.

State Street Corporation (NYSE:STT) has declared a quarterly cash dividend of $0.69 per share of common stock, payable on July 11, 2024 to shareholders of record as of July 1, 2024. In addition, cash dividends have been announced for the following series of non-cumulative perpetual preferred stock: Series G.

Are dividends a major perk for shareholders, but it can be challenging to find a top dividend stock. Is State Street Corporation (STT) up to the task?

Marija Veitmane from State Street warned that if the Fed delays rate cuts, it could trigger an economic crash. She cautioned that a tight monetary policy may result in the US facing a "no landing" situation before a downturn.

Marija Veitmane, who leads equity research at State Street Global Markets, talks about the future of the U.S. economy in a period of prolonged higher interest rates.