State Street to pay $530 million to resolve forex fraud claims

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Go back to State Street to pay $530 million to resolve forex fraud claims

Jefferies Reiterates Buy on State Street (STT) Following 2Q - PT to $74

July 28, 2016 7:40 AM EDT

Jefferies reiterated a Buy rating on State Street (NYSE: STT), and raised the price target to $74.00 (from $63.00), following the company's 2Q earnings report. A strong expense result and in line fees set a new tone for STT, with a flat full-year operating expense outlook... More