Company Update (NYSE:STT): State Street Corporation Declares Quarterly Dividend on its Non-Cumulative Perpetual Preferred Stock Series “C”, Series “D”, Series “E”, and Series “F”

[Business Wire] – State Street Corporation today announced a quarterly cash dividend on each of its outstanding series of non-cumulative perpetual preferred stock, as follows: Read more on this. State Street Corporation (STT) , with a current value of $21.96B, started trading this morning at $55.20. Looking at the equity, the company’s one day range is $54.24 to $55.96 with its 52-week range being $53.21 to $81.26. State Street (STT) shares are currently priced at 11.27x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.09x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.36 per share annually in dividends, yielding 2.45%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $1.18 per share, which would be $0.19 worse than the year-ago quarter and a $0.07 sequential decrease. The full-year EPS estimate is $4.89, which would be a $0.20 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.64 Billion. If reported, that would be a 2.94% decrease over the year-ago quarter. More recently, JP Morgan upgraded STT from Underweight to Neutral (Jan 7, 2016). Previously, UBS downgraded STT from Buy to Neutral. The average price target for STT shares by the analysts covering the stock is $73.25, which is 32.70% above where the stock opened this morning. See more in (NYSE:STT) Similar Articles: Company Update: State Street Corporation (NYSE:STT) – State Street’s GX Private Equity Index Shows Fund Distributions Continue to Outpace Capital Drawdowns, Driving the Quarterly Return to 4.2% in the Second Quarter of 2015 Stock Update (NYSE:STT): State Street Corporation Declares Quarterly Dividends on Its Non-Cumulative Perpetual Preferred Stock Series “C”, Series “D”, and Series “E” Company Update (NYSE:BAC): Bank of America Declares Dividend on Series L Preferred Stock, Series Y Preferred Stock, and Series Z Preferred Stock