What’s Going On With State Street Stock Today?

State Street Corporation (NYSE:STT) shares were trading slightly higher Thursday after the company unveiled a new digital finance infrastructure aimed at bridging traditional and blockchain ecosystems.

• State Street stock is challenging resistance. Why did STT hit a new high?

The latest development comes just ahead of the firm’s earnings release, which is scheduled before the opening bell on Friday, Jan. 16.

Analysts expect the Boston, Massachusetts-based company to report quarterly earnings at $2.84 per share, up from $2.60 per share in the year-ago period. The consensus estimate for State Street’s quarterly revenue is $3.62 billion,

Full story available on Benzinga.com