Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY

State Street Earns Membership In 95-Plus Composite Rating Club

State Street saw its IBD SmartSelect Composite Rating rise to 96 Tuesday, up from 94 the day before.

The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria.

State Street has now climbed above a proper buy zone after clearing the 79.90 entry in a flat base.

Looking For Winning Stocks? How To Invest In Both Bull And Bear Markets

One weak spot is the company's 77 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.

Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors over the last 13 weeks.

In Q3, the company reported 17% earnings growth. Revenue growth climbed 21%, up from 3% in the prior quarter. That marks four quarters of rising growth.

State Street holds the No. 11 rank among its peers in the Finance-Investment Management industry group. Janus Henderson Group, KKR and Blue Owl Capital are among the top 5 highly-rated stocks within the group.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.