For the quarter ended September 2024, State Street Corporation (STT) reported revenue of $3.34 billion, up 24.1% over the same period last year. EPS came in at $2.26, compared to $1.93 in the year-ago quarter.The reported revenue represents a surprise of +5.04% over the Zacks Consensus Estimate of $3.18 billion. With the consensus EPS estimate being $2.08, the EPS surprise was +8.65%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...

State Street Corporation (STT) came out with quarterly earnings of $2.26 per share, beating the Zacks Consensus Estimate of $2.08 per share. This compares to earnings of $1.93 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.65%. A quarter ago, it was expected that this company would post earnings of $2.01 per share when it actually produced earnings of $2.15, delivering a surprise of 6.97%.Over the last four quarters, the co ...

Exhibit 99.2 Table of Contents GAAP-Basis Financial Information: 4-Year Summary of Results 2 Consolidated Results of Operations 3 Consolidated Statement of Condition 5 Average Statement of Condition - Rates Earned and Paid - Fully Taxable-Equivalent Basis 6 Average Statement of Condition - Rates Earned and Paid - Fully Taxable-Equivalent Basis - Year-to-Date 7 Selected Average Balances by Currency - Rates Earned and Paid 8 Investment Portfolio Holdings by Asset Class 9 Allowance for Credit Losses 11 Assets ...

Wall Street analysts forecast that State Street Corporation (STT) will report quarterly earnings of $2.08 per share in its upcoming release, pointing to a year-over-year increase of 7.8%. It is anticipated that revenues will amount to $3.18 billion, exhibiting an increase of 18.1% compared to the year-ago quarter.Over the last 30 days, there has been an upward revision of 1.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective recons ...

State Street Corporation (STT) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be release ...

Shares of State Street Corporation (STT, Financial) have proved an excellent investment of late. The stock has delivered a total return of roughly 33% over the past year. Despite this move higher, the stock trades at just 10.8x consensus full year 2024 earnings per share and offers a dividend yield of 3.4%. Comparably, the S&P 500 trades at roughly 23x forward earnings while the financial sector, proxied by the Financial Select Sector SPDR ETF (XLF) trades at roughly 17x forward earnings. While a low valuat ...

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State Street Corp.’s (STT) asset management business, State Street Global Advisors, announced its partnership with Apollo Global Management Inc. (APO) and its affiliates to enhance investors' accessibility to private market opportunities.Rationale Behind State Street’s CollaborationApollo specializes in high-quality private credit origination that includes both corporate lending and asset-backed finance. As of June 30, 2024, APO reported $146 billion of debt origination in the last 12 months, aided by its c ...

State Street Corp.’s (STT) shares have touched a 52-week high of $87.27 on Friday. The stock closed the session a tad lower at $87.10, gaining 17.7% in the past six months.The stock has outperformed the industry, the S&P 500 Index, and its peers KeyCorp (KEY) , Comerica Inc. (CMA) and Northern Trust Corp. (NTRS) in the same time frame.Six-Month Price Performance Chart Image Source: Zacks Investment Research STT’s improving fee income through strategic buyouts and business servicing wins, alongside a solid b ...

State Street Corporation’s (STT) asset management unit, State Street Global Advisors, has announced an investment in a leading Australian fintech platform, Raiz Invest Limited. As part of the equity investment agreement, State Street Global Advisors will acquire 5% of Raiz’s share capital through a placement.Raiz is a platform that allows customers to grow their wealth by helping them save and invest.Through this partnership, State Street Global Advisors’ trusted brand and deep knowledge of markets will com ...