State Street (STT) Shares In Free-Fall On Short-Term Credit Market Fears
Tweet
Share
E-mail
Get Alerts STT Hot Sheet
Join SI Premium – FREE
State Street (NYSE: STT) is under heavy pressure today on fears the freezing up of the short-term credit market will have a negative impact on the company's ability to roll over commercial paper and its exposure to money market funds.
Shares of State Street are currently down 22% to $50.99, a new 52-week low.
At least two Wall Street analyst have come out in defense of the company, calling the sell-off overdone.
Shares of State Street are currently down 22% to $50.99, a new 52-week low.
At least two Wall Street analyst have come out in defense of the company, calling the sell-off overdone.
You May Also Be Interested In
- State Street Investment Management Announces Changes to ETF Lineup
- Holcim said to acquire part of James Hardie's EU business
- Virtu Financial said to explore $3.5B sales of brokerage unit
Create E-mail Alert Related Categories
Insiders' Blog, Rumors, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
