Published on 16 Oct 2024 on GuruFocus.com · via Yahoo Finance
State Street Corp's Strategic Acquisition of Hope Bancorp Inc Shares
Overview of the Recent Transaction
On September 30, 2024, State Street Corp made a significant addition to its investment portfolio by acquiring 112,824 shares of Hope Bancorp Inc (NASDAQ:HOPE), priced at $12.56 per share. This transaction increased State Street Corp's total holdings in Hope Bancorp to 6,152,656 shares, marking a notable expansion in its investment in the banking sector. Despite the substantial number of shares purchased, this move has not yet had a significant impact on the firm's overall portfolio, which remains diverse and extensive.
Profile of State Street Corp