trending Market Intelligence /marketintelligence/en/news-insights/trending/O4RItLRL9fBbmiTVwq6krg2 content esgSubNav
In This List

Goldman Sachs upgrades State Street to 'buy' from 'neutral'

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks

Blog

Anticipate the Unknown A Fundamentals Approach to Detect Early Signs of Private Company Credit Deterioration


Goldman Sachs upgrades State Street to 'buy' from 'neutral'

Goldman Sachs analyst Alexander Blostein upgraded State Street Corp. to "buy" from "neutral" with a 12-month price target of $95.

Blostein believes that the company's stock has room to grow as ongoing expense initiatives and improving capital flexibility may boost benefits from stronger revenues conditions.

The analyst believes that the company's management will continue its focus on automation and expense rationalization supporting faster-than-expected margin expansion into the year.

Blostein's EPS estimates for State Street are $7.22 for 2020 and $8.18 for 2021.