Latest news with #STT
Yahoo
5 days ago
- Business
- Yahoo
Truist Securities Upgrades State Street (STT) Stock to Buy, Increases PT
On May 28, Truist Securities analyst David Smith upped the rating on State Street Corporation (NYSE:STT)'s stock from 'Hold' to 'Buy,' increasing its price objective to $112 from the prior target of $85. An executive in a suit and tie at a meeting discussing asset management strategies. The analyst opines that State Street Corporation (NYSE:STT) remains well-placed to gain the most among other trust banks from the positive momentum in the broader equity markets. This is because of its Assets Under Custody/Assets Under Administration (AUC/AUA) mix as well as ETF and asset management operations. As rate futures rise, State Street Corporation (NYSE:STT)'s disclosed asset sensitivity is expected to act as a catalyst for the company to recover, added the analyst. Investment Servicing AUC/A (Assets under Custody and/or Administration) as of the end of Q1 2025 rose 6% to $46.7 trillion. This was mainly because of higher quarter-end market levels and flows. During the quarter, State Street Corporation (NYSE:STT) saw continued ETF momentum and market share gains in the US Low-Cost ETF suite. Furthermore, it witnessed inflows throughout fixed-income, gold, and EMEA products. With the help of broad-based YoY fee revenue growth and continued expense discipline, State Street Corporation (NYSE:STT) achieved positive fee and total operating leverage in Q1 2025. State Street Corporation (NYSE:STT) provides financial services, including investment servicing, investment management, and investment research and trading. While we acknowledge the potential of STT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than STT and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Truist Securities Upgrades State Street (STT) Stock to Buy, Increases PT
On May 28, Truist Securities analyst David Smith upped the rating on State Street Corporation (NYSE:STT)'s stock from 'Hold' to 'Buy,' increasing its price objective to $112 from the prior target of $85. An executive in a suit and tie at a meeting discussing asset management strategies. The analyst opines that State Street Corporation (NYSE:STT) remains well-placed to gain the most among other trust banks from the positive momentum in the broader equity markets. This is because of its Assets Under Custody/Assets Under Administration (AUC/AUA) mix as well as ETF and asset management operations. As rate futures rise, State Street Corporation (NYSE:STT)'s disclosed asset sensitivity is expected to act as a catalyst for the company to recover, added the analyst. Investment Servicing AUC/A (Assets under Custody and/or Administration) as of the end of Q1 2025 rose 6% to $46.7 trillion. This was mainly because of higher quarter-end market levels and flows. During the quarter, State Street Corporation (NYSE:STT) saw continued ETF momentum and market share gains in the US Low-Cost ETF suite. Furthermore, it witnessed inflows throughout fixed-income, gold, and EMEA products. With the help of broad-based YoY fee revenue growth and continued expense discipline, State Street Corporation (NYSE:STT) achieved positive fee and total operating leverage in Q1 2025. State Street Corporation (NYSE:STT) provides financial services, including investment servicing, investment management, and investment research and trading. While we acknowledge the potential of STT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than STT and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Star
21-05-2025
- Politics
- The Star
U.S. withdrawal of Finnish scholar's grant sparks concerns over academic freedom
HELSINKI, May 21 (Xinhua) -- The U.S. Department of State has canceled a Fulbright scholarship awarded to a Finnish researcher, citing political misalignment with policies under President Donald Trump -- a move condemned in Finland as an affront to academic freedom, Finnish News Agency STT reported on Wednesday. Saara Loukola, a doctoral researcher at the University of Helsinki (HY), had been set to travel to the United States in September to conduct interviews for her dissertation on how American teacher education programs address racism. She had planned to adapt the findings for Finnish teacher training. However, in early May, U.S. authorities informed her that the 36,000-U.S. dollar grant had been withdrawn and her visa denied. According to Loukola, the U.S. State Department determined that her research topic was incompatible with executive orders issued by Trump. "I had a bad feeling when I heard the applications were being re-evaluated," Loukola told STT. "It wasn't a surprise, but it was still a shock." She added that the loss of on-site access had rendered her original research plan unviable. Despite the setback, Loukola said she would not alter her study to fit political expectations. "This kind of pressure fosters self-censorship, but I won't censor science," she said, adding that she remains committed to completing her dissertation in Finland with institutional support. Ritva Dammert, development director at the HY, said Loukola's case was not isolated. Other scholars have also seen previously approved U.S. funding subjected to political review, she noted. In one recent example, an American researcher's planned visit to Finland to study climate change was canceled after the U.S. government withdrew its financial support, the Fulbright Finland Foundation told STT. "It's astounding that this is happening in a country where academic and research freedom are constitutionally protected," Dammert told STT. "In my view, this is an attack on academic freedom." While acknowledging that funders reserve the right to choose what they support, Dammert said research areas such as climate change and gender equality were frequently defunded during the Trump era -- topics widely pursued by Finnish and European academics. She also revealed that U.S. research funding to HY had been temporarily frozen at the beginning of Trump's second term, with the institution required to submit detailed reporting on how funds were used in alignment with American policy goals. According to Dammert, the university has recently seen a surge in applications from U.S.-based scholars, a trend she interprets as growing concern among American researchers about domestic restrictions on academic freedom. The cases have reignited broader debates over the politicization of science and the vulnerability of academic freedom under shifting political regimes -- concerns that extend well beyond the United States, STT commented. The Fulbright Program, a U.S. government-funded international academic exchange initiative, aims to promote mutual understanding through scholarly collaboration.
India Gazette
21-05-2025
- Business
- India Gazette
NSE MD Ashish Kumar Chauhan meets Finance Minister Nirmala Sitharaman
New Delhi [India], May 21 (ANI): Managing Director and CEO of the National Stock Exchange of India (NSE) Ashish Kumar Chauhan on Wednesday met the Union Finance Minister and committed to supporting Prime Minister Narendra Modi's Viksit Bharat 2047 vision. Posting on X, NSE MD and CEO Chauhan thanked the finance minister for the meeting and vowed to be an enabler and contributor to the government's mission. 'Thank you for your time Hon'ble FM @nsitharaman ma'am. Your steadfast leadership, resolve and commitment unto Viksit Bharat 2047 under PM @narendramodi ji inspires us all. We @NSEIndia are resolute to be an enabler and contributor to your vision and mission,' Chauhan wrote on X. It was not immediately known what they might have discussed during the meeting. Last week, the NSE reached a significant milestone: It became the largest unlisted company in India with over 1 lakh shareholders. This achievement reflects strong investor interest and confidence in the exchange's role in India's financial ecosystem. NSE reported a 17% YoY increase in consolidated total income, reaching Rs 19,177 crore in FY25. The exchange's net profit rose by 47% to Rs 12,188 crore in FY25. NSE contributed Rs 59,798 crore to the Indian exchequer through various levies, including STT, stamp duty, SEBI fees, income tax, and GST. Separately, NSE is awaiting the SEBI clearance of its much-awaited IPO. NSE's IPO papers are under review. Market regulator SEBI had flagged key issues, which include the high compensation given to key managerial personnel, technology, and ownership in the clearing corporation. SEBI recently disposed of proceedings against the NSE in various pending cases against its former officials in the co-location case. This was seen as the end of the block for the much-awaited Initial Public Offer (IPO) of the leading exchange. In late 2016, NSE filed the draft red herring prospectus for its Initial Public Offer (IPO), with the market regulator SEBI, looking to raise reportedly then Rs 10,000 crore. However, the plans did not go through because of various issues flagged by the market regulator and a pending co-location case against NSE's former officials. BSE, a competitor of NSE, was listed in 2017 and became India's first listed stock exchange. (ANI)
Yahoo
16-05-2025
- Business
- Yahoo
State Street's Arm Partners With smallcase, Expands in India's Fintech
State Street Corporation's STT asset management arm, State Street Global Advisors ('SSGA'), has entered a strategic alliance with smallcase. The alliance aims to expand global market access for Indian investors and enhance SSGA's presence in India's fintech smallcase is a fintech platform that offers curated portfolios of stocks and ETFs, enabling retail investors to invest in diversified themes. Since its launch in 2016, the platform has facilitated transactions of over $16 billion and has established itself as a prominent player in India's digital investment market. The partnership will provide SSGA with a distribution opportunity for its SPDR ETFs by featuring them on smallcase's platform technology. This will enhance SSGA's global investment accessibility for Indian investors through technology-driven solutions. This partnership follows recent SSGA's participation in smallcase's $50 million Series D funding round, marking its first investment in India's asset and wealth management Hung, CEO of SSGA, stated, "India remains a priority market for SSGA, and we are impressed by the innovation smallcase brings to the investment ecosystem." Hung further said, "This relationship and investment aligns with our strategy of collaborating with leading wealth technology firms to enhance investor ease of access, choice and experience. Together with smallcase, we are excited to further the adoption of wealth-tech in India and improve individual investors' seamless access to global investment solutions.' Over the past six months, STT shares have gained 3.4% against the industry's decline of 6.7%. Image Source: Zacks Investment Research Currently, STT carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Last year, HSBC Holdings plc's HSBC India branch announced a strategic partnership with Bajaj Allianz General Insurance, one of the leading private general insurers in India. The aim of the bancassurance partnership is to offer Bajaj Allianz's comprehensive suite of insurance products and services to HSBC's vast customer base in India, based on a shared vision of financial inclusion and customer empowerment across the partnership between HSBC India and Bajaj Allianz leverages HSBC's well-established network and the latter's insurance expertise to provide tailored and innovative financial solutions to in October 2024, BlackRock Inc. BLK and India-based Jio Financial have obtained in-principle approval from the Securities and Exchange Board of India (SEBI) to act as co-sponsors and establish a mutual fund business in the granted the final approval after the fulfillment of certain requirements from both BLK and Jio Financial in the same month. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BlackRock (BLK) : Free Stock Analysis Report State Street Corporation (STT) : Free Stock Analysis Report HSBC Holdings plc (HSBC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
