State Street Corporation reported strong Q2 results driven by a 70% year-over-year increase in earnings per share (EPS), supported by over 20% growth in assets under management (AUM) and robust non-interest income. The company raised its full-year guidance and reaffirmed midterm earnings targets, aiming for a mid-20% return on tangible common equity (ROTCE) and projecting EPS of $16.5–$17 by 2028–2029. Additionally, its Series G preferred stock offers a 6.8% yield with low payout risk and potential capital gains if called. These results highlight State Street's solid fee-driven business model and attractive investment potential despite a premium valuation.
SpaceX stock has fluctuated since its IPO, with prices hovering between the initial offering and day-one levels. A $1,000 investment at IPO would have modestly increased or decreased depending on the exact purchase timing. The upcoming Starship Fligh...
Albuquerque city council has passed an ordinance banning cryptocurrency ATMs due to a reported 90% fraud rate in transactions at these kiosks. Operators have 45 days to remove their machines, aiming to protect consumers, especially the elderly, from ...
Cryptocurrency markets experienced varied price changes, with Bitcoin falling 1.13% to $77,079 and Ethereum nearly flat at $2,466.79. Several altcoins like Nearest (NEAR) and Morpho saw gains of 3.48% and 3.73% respectively, while others like Zcash (...
Nu Holdings, the fintech behind Nubank, has launched Nu Global, a multi-currency digital account that converts deposits into USDC and EURC stablecoins. This launch marks Nu's entry into the US market and supports over 140 million customers with fee-f...
Accelevate Solutions and Brand Engagement Network launched a live AI-driven platform at Los Angeles International Airport to enhance passenger engagement for off-airport parking and shuttle services. The platform offers real-time vehicle tracking, ro...
