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State Street faces investigation after missing revenue estimates and sharp stock drop.

Market News
12 Nov 2026, 17:45 WIB
PRNewsWire
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Bearish
State Street faces investigation after missing revenue estimates and sharp stock drop.

State Street Corporation announced third-quarter 2026 financial results showing revenue of $4.00 billion, slightly below analyst expectations of $4.03 billion. The company also reported a significant decline in net asset inflows to $7 billion from $114 billion in the prior quarter. Following this announcement, State Street's stock price dropped 4.14%, falling $7.21 to close at $166.89 per share. Pomerantz LLP has launched an investigation into whether State Street and its executives engaged in securities fraud or other unlawful practices, advising investors to contact them for potential class action participation.

While the article highlights a recent 4.14% drop in State Street's stock price to $166.89, on Pluang the stock is trading slightly higher at USD 174.28 as of Nov 12, 2026 23:02 WIB, up 0.06% for the day. This price remains well below its 52-week high of $194.26 but comfortably above the 52-week low of $112.84. The stock's dividend yield stands at 2.11%, with a market cap of $47.39 billion, reflecting steady investor interest despite recent volatility.

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