State Street Hits 52-Week High: Should You Buy the Stock Now?

Key Takeaways State Street shares hit a 52-week high of $120.81, gaining 22.1% in six months.Acquisitions, alliances and expanding fee income continue to drive STT's growth.Higher expenses and huge reliance on fee income could weigh on future performance.State Street Corporation (STT) shares touched a 52-week high of $120.81 in yesterday’s trading session to finally close at $119.43. In the past six months, STT shares have gained 22.1%, outperforming the industry’s 13.1% growth and the S&P 500 Index’s 18.7% ...