State Street’s stock dips as KBW and J.P. Morgan analysts downgrade financial firm on rockier outlook

State Street Corp. stock fell Monday as at least two analysts cut their ratings on the trust bank on the heels of a second-quarter update that disappointed Wall Street.

State Street stock STT dropped 2.1% in premarket trades. On Friday, the stock fell 12% in its largest single-day retreat since 2020.

J.P. Morgan analyst Vivek Juneja cut his…