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STT

State Street

$55.64

0.37 (0.67%)

16:34
06/27/19
06/27
16:34
06/27/19
16:34

State Street announces planned dividend increase, $2B share repurchase plan

State Street announced that the Federal Reserve did not object to the company's capital plan, reviewed as part of the 2019 Comprehensive Capital Analysis and Review process. The capital plan includes a proposed common stock dividend increase and a new common stock purchase program. State Street's capital plan proposes an increase to the quarterly common stock dividend to 52c per share, from 47c per share, beginning in the third quarter. State Street's Board of Directors will consider this increase in common stock dividend at its regularly scheduled board meeting in September. Additionally, State Street's Board has approved a new common stock purchase program, authorizing the purchase of up to $2B of its common stock that was included in the capital plan. The program will be effective July 1, 2019 and extend through June 30, 2020.

  • 19

    Jul

  • 06

    Aug

STT State Street
$55.64

0.37 (0.67%)

06/26/19
06/26/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. State Street (STT) downgraded to Neutral from Buy at UBS with analyst Brennan Hawken saying he has "very little confidence" in when the company will be able to get past the headwinds it is facing. 2. Allergan (AGN) downgraded to Neutral from Buy at Mizuho with analyst Irina Koffler saying she views the AbbVie (ABBV) deal as "a hard-fought and timely exit" for shareholders, citing her concerns about the weakness in Allergan's aesthetics portfolio and the company's growth challenges. 3. Kinder Morgan (KMI) downgraded to Market Perform from Outperform at Raymond James with analyst Justin Jenkins saying shares are up approximately 35% year-to-date and trade at an above-peer multiple despite a mixed outlook for the asset portfolio. 4. Papa John's (PZZA) downgraded to Neutral from Buy at Kalinowski. 5. Illinois Tool Works (ITW) downgraded to Sell from Neutral at Northcoast with the firm's analyst citing concentrated Automotive exposure. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/26/19
UBSW
06/26/19
DOWNGRADE
Target $58
UBSW
Neutral
State Street downgraded to Neutral from Buy at UBS
UBS analyst Brennan Hawken downgraded State Street to Neutral from Buy and lowered his price target to $58 from $68. In a research note to investors, the analyst says he has "very little confidence" in when the company will be able to get past the headwinds it is facing. While the analyst notes that the past year has been difficult for State Street and its valuation reflects that, he feels estimates are still too high which limits his confidence in any positive catalyst emerging.
06/26/19
UBSW
06/26/19
DOWNGRADE
UBSW
Neutral
State Street downgraded to Neutral from Buy at UBS
06/24/19
UBSW
06/24/19
NO CHANGE
UBSW
DFAST results encourgaing for Wells Fargo, says UBS
UBS analyst Saul Martinez said the DFAST results from the Federal Reserve, reported after the close on Friday, were most encouraging for "those who didn't fare as well last year," like Wells Fargo (WFC). He thinks Goldman Sachs (GS), Morgan Stanley (MS) and State Street (STT) look like they have room to reach his forecasted capital returns and also said lower stressed losses at Citi (C) and JPMorgan (JPM) could suggest that the current SCB proposal may not lead to materially higher minimum capital requirements, added Martinez. However, he thinks there could be some downside to his capital return estimates for Capital One (COF), which he notes have been above consensus.

TODAY'S FREE FLY STORIES

SXT

Sensient

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-0.48 (-0.67%)

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MSFT

Microsoft

$136.29

0.06 (0.04%)

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BLK

BlackRock

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4.06 (0.86%)

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MSFT

Microsoft

$136.29

0.06 (0.04%)

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CNK

Cinemark

$36.46

-1.31 (-3.47%)

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SXT

Sensient

$70.77

-0.48 (-0.67%)

06:56
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  • 19

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EYE

National Vision

$32.05

0.35 (1.10%)

06:56
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CRWD

Crowdstrike

$72.75

1.77 (2.49%)

06:55
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RDFN

Redfin

$16.84

-0.74 (-4.21%)

06:54
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  • 01

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LYB

LyondellBasell

$85.70

-0.03 (-0.03%)

06:52
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06:52
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Z

Zillow

$48.20

0.08 (0.17%)

06:51
07/19/19
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06:51
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  • 07

    Aug

MSFT

Microsoft

$136.29

0.06 (0.04%)

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  • 03

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BLK

BlackRock

$474.98

4.06 (0.86%)

06:48
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BlackRock CEO: People are underinvested in equities »

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  • 19

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ATHM

Autohome

$82.03

-0.91 (-1.10%)

06:48
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06:48
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06:48
Downgrade
Autohome rating change  »

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SLB

Schlumberger

$38.78

0.15 (0.39%)

06:48
07/19/19
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Hot Stocks
Schlumberger names Olivier Le Peuch as CEO, succeeding Paal Kibsgaard »

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NWSA

News Corp.

$13.28

0.06 (0.45%)

06:47
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06:47
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06:47
Downgrade
News Corp. rating change  »

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SLB

Schlumberger

$38.78

0.15 (0.39%)

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MSGN

MSG Networks

$20.22

-0.31 (-1.51%)

06:43
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CRWD

Crowdstrike

$72.75

1.77 (2.49%)

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CFG

Citizens Financial

$34.62

0.27 (0.79%)

06:39
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  • 19

    Jul

MSFT

Microsoft

$136.29

0.06 (0.04%)

06:38
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06:38
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06:38
Recommendations
Microsoft analyst commentary  »

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  • 03

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CFG

Citizens Financial

$34.62

0.27 (0.79%)

06:36
07/19/19
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06:36
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06:36
Earnings
Citizens Financial reports Q2 EPS 96c, consensus 94c »

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  • 19

    Jul

TSLA

Tesla

$253.82

-1.03 (-0.40%)

06:35
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  • 24

    Jul

  • 06

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CRWD

Crowdstrike

$72.75

1.77 (2.49%)

, PANW

Palo Alto Networks

$222.31

-1.34 (-0.60%)

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CRWD

Crowdstrike

$72.75

1.77 (2.49%)

PANW

Palo Alto Networks

$222.31

-1.34 (-0.60%)

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ALT

Altimmune

$2.34

-0.1 (-4.10%)

06:25
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07/19
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Initiation
Altimmune initiated  »

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