State Street: An Undervalued Stock For Investors Interested In Taking Advantage Of Market Volatility

Summary

• State Street, an American global financial services company, is now a $22 billion (by market cap) financial powerhouse.
• To date, STT increased its dividend for 14 consecutive years, with a 10-year dividend growth rate of 9.7%.
• The company moved its revenue from $10.8 billion in FY 2015 to $22.1 billion in FY 2024, a compound annual growth rate of 8.3%.
• With or without CFRA’s 10% projection being realized, I see the dividend continuing its ~10% growth path over the foreseeable future.

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