Earnings Performance - State Street Corporation (STT) reported quarterly earnings of $2.04 per share, exceeding the Zacks Consensus Estimate of $1.98 per share, and up from $1.69 per share a year ago, representing an earnings surprise of 3.03% [1] - The company posted revenues of $3.28 billion for the quarter ended March 2025, which was below the Zacks Consensus Estimate by 0.57%, but an increase from $3.14 billion year-over-year [2] Stock Performance and Outlook - State Street shares have declined approximately 18.9% since the beginning of the year, compared to a decline of 10.3% for the S&P 500 [3] - The company's earnings outlook is mixed, with a current Zacks Rank of 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $2.39 on revenues of $3.34 billion, and for the current fiscal year, it is $9.37 on revenues of $13.34 billion [7] - The Zacks Industry Rank for Banks - Major Regional is in the top 36% of over 250 Zacks industries, suggesting a favorable outlook for the industry [8]

Revenue and Income - Total revenue for 2024 reached $13,000 million, a 8.8% increase from $11,945 million in 2023[4] - Net income available to common shareholders for 2024 was $2,483 million, compared to $1,821 million in 2023, reflecting a 36.4% increase[4] - Total revenue for Q1 2025 was $3,284 million, reflecting a 4.7% increase year-over-year, but a 3.8% decline sequentially from Q4 2024[42] - Net income available to common shareholders for Q1 2025 was $597 million, down from $728 million in Q4 2024[37] - Net income on a GAAP basis for Q1 2025 was $644 million, reflecting a 39.1% increase year-over-year but a 17.8% decline from the previous quarter[45] - The net income excluding notable items for Q1 2025 was $644 million, a 14.6% increase year-over-year, but a 21.8% decrease from Q4 2024[45] Assets and Management - Assets under custody and/or administration increased to $46.56 trillion in 2024, up from $41.81 trillion in 2023, marking a 11.7% growth[4] - Total assets increased to $337,291 million in Q1 2025, reflecting a 3.1% increase from Q4 2024 and a 13.0% increase year-over-year[8] - Total assets increased to $372.693 billion, reflecting a 10.3% year-over-year growth and a 5.5% increase from the previous quarter[11] - Total assets under custody and/or administration reached $46.733 billion in 1Q25, marking a 6.4% increase year-over-year[26] - Assets under management totaled $4,665 billion in Q1 2025, a decrease of 1.1% from Q4 2024 but an increase of 8.5% year-over-year[8] Earnings and Margins - The diluted earnings per common share for 2024 was $8.21, up from $5.58 in 2023, representing a 47.5% increase[4] - Basic earnings per share for Q1 2025 were $2.07, down 17.2% from Q4 2024 but up 50.0% from Q1 2024[8] - The pre-tax margin on a GAAP basis for Q1 2025 was 25.0%, a 5.9 percentage point increase from Q1 2024, but a 3.1 percentage point decrease from Q4 2024[47] - Return on average common equity for 2024 was 11.1%, consistent with the previous year[4] - Return on average common equity on a GAAP basis for Q1 2025 was 10.6%, an increase of 2.9 percentage points year-over-year, but a decrease of 2.1 percentage points from Q4 2024[47] Expenses - The total expenses for Q1 2025 were $2,450 million, a slight increase of 0.4% from $2,440 million in Q4 2024[6] - Total expenses for Q1 2025 amounted to $2,450 million, showing a 2.5% decrease compared to Q1 2024 and a slight increase of 0.4% from Q4 2024[42] - Compensation and employee benefits in Q1 2025 were $1,262 million, a 4.1% increase from $1,212 million in Q4 2024[51] Credit Losses and Provisions - The provision for credit losses in 1Q25 was $12 million, a significant decrease of 55.6% from $27 million in 1Q24[6] - The allowance for credit losses on loans rose to $176 million, a 30.4% increase year-over-year[11] - The total provision for credit losses in 1Q25 was $12 million, consistent with the previous quarter[24] - The total charge-offs for credit losses were $9 million in 1Q25, a decrease of 71.0% compared to the previous year[24] Deposits and Loans - Total deposits reached $243,036 million in Q1 2025, marking a 2.5% increase from Q4 2024 and an 11.0% increase from Q1 2024[8] - Total deposits reached $272.056 billion, an 8.0% increase year-over-year and a 3.9% rise from the previous quarter[11] - Loans, net increased to $44.509 billion, showing a 15.6% growth compared to Q1 2024[11] Investment and Securities - The average balance sheet for investment securities in 2024 was $104,784 million, down from $105,765 million in 2023[4] - Total investment securities amounted to $110.070 billion in Q1 2025, reflecting an average rate of 3.51%[17] - The fair value of mortgage-backed securities in the available-for-sale portfolio was $8.5 billion, with a net unrealized pre-tax MTM loss of $62 million[21] Capital and Ratios - Common equity tier 1 capital increased from $13,167 million in 1Q24 to $14,362 million in 1Q25, reflecting a growth of 9.1%[34] - The total risk-weighted assets rose from $112,161 million in 1Q24 to $130,208 million in 1Q25, an increase of 16.1%[34] - The common equity tier 1 risk-based capital ratio improved from 11.7% in 1Q24 to 12.5% in 1Q25[34] - The Tier 1 leverage ratio remained stable at 5.5% in 1Q25, consistent with the previous quarter[34] Fee Revenue - Total fee revenue for 1Q25 was $2,570 million, a 6.1% increase compared to $2,422 million in 1Q24[6] - Total fee revenue increased by 6.1% from 2,570 million in 1Q24 to 2,688 million in 1Q25, while it decreased by 3.5% compared to 4Q24[32] - Management fees for Investment Management increased by 10.2% from 510 million in 1Q24 to 562 million in 1Q25[32]

Core Insights - Analysts project State Street Corporation (STT) will report quarterly earnings of $1.98 per share, a 17.2% increase year over year, with revenues expected to reach $3.3 billion, up 5.2% from the same quarter last year [1] Earnings Estimates - The consensus EPS estimate has been revised downward by 2.8% over the past 30 days, indicating a collective reassessment by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock performance [3] Key Financial Metrics - Analysts forecast the 'Basel III Advanced Approaches - Tier 1 Leverage Ratio' to be 5.5%, up from 5.4% a year ago [5] - The 'Average balance - Total interest-earning assets' is expected to reach $274.35 billion, compared to $254.33 billion in the same quarter last year [5] - The 'Basel III Standardized Approach - Tier 1 capital ratio' is estimated at 13.6%, down from 13.8% year over year [6] - 'Assets under Management (AUM)' is projected to be $4,713.90 billion, an increase from $4,336 billion a year ago [6] - The 'Assets under Custody and/or Administration (AUC/A)' is expected to reach $39,950.61 billion, down from $43,912 billion in the same quarter last year [7] Revenue Projections - 'Total fee revenue' is projected at $2.57 billion, compared to $2.42 billion in the same quarter last year [8] - 'Net Interest Income' is expected to be $729.81 million, up from $716 million year over year [7] - 'Software and processing fees' are estimated at $220.93 million, compared to $207 million a year ago [9] - 'Management fees' are projected to be $549.66 million, an increase from $510 million year over year [9] Stock Performance - State Street shares have decreased by 8.5% in the past month, while the Zacks S&P 500 composite has declined by 3.6% [11]

Core Insights - The article discusses the journey to financial independence through disciplined living and strategic investing, highlighting the importance of dividend growth investing and identifying undervalued high-quality stocks [2]. Group 1: Financial Independence Journey - The individual transitioned from being financially unstable at age 27 to achieving financial freedom by age 33 [2]. - The approach involved living well below means and making intelligent investment decisions with hard-earned capital [2]. Group 2: Investment Focus - The content emphasizes dividend growth investing as a primary strategy for generating income [2]. - There is a focus on identifying undervalued high-quality dividend growth stocks and high-yield investment opportunities [2].

Core Viewpoint - State Street Corporation (STT) is expected to report a year-over-year increase in earnings and revenues for the quarter ended March 2025, with a consensus outlook indicating potential stock price movement based on actual results compared to estimates [1][2]. Earnings Expectations - The upcoming earnings report is anticipated to be released on April 17, 2025, with expected earnings of $1.98 per share, reflecting a +17.2% year-over-year change, and revenues projected at $3.3 billion, up 5.2% from the previous year [3][2]. Estimate Revisions - The consensus EPS estimate has been revised 2.81% lower over the last 30 days, indicating a reassessment by analysts of their initial estimates [4]. - The Most Accurate Estimate for State Street is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +1.21%, suggesting a bullish outlook from analysts [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [8]. - State Street currently holds a Zacks Rank of 3, which, along with the positive Earnings ESP, suggests a likelihood of beating the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, State Street exceeded the expected earnings of $2.42 per share by delivering $2.60, resulting in a surprise of +7.44% [12]. - Over the past four quarters, the company has consistently beaten consensus EPS estimates [13]. Conclusion - While State Street appears to be a compelling candidate for an earnings beat, it is essential to consider other factors that may influence stock performance beyond just the earnings report [14][16].

State Street (STT) is slated to report first-quarter 2025 results on April 17, before the opening bell. The company’s revenues and earnings are expected to have increased year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, STT’s earnings beat the Zacks Consensus Estimate. Growth in fee revenues and higher net interest income (NII) primarily aided results. Also, improvements in total assets under custody and assets under management (AUM) balan ...

Gilat Satellite Networks Ltd. (GILT) announced that its defense division, Gilat Defense, has been awarded a significant contract to provide sustainment and support services for Satellite Transportable Terminal (STT) units used by the U.S. Department of Defense (DoD). The deal, which covers a base program with extension options for up to five years, is valued at up to $23 million.As part of the agreement, Gilat Defense will be responsible for delivering comprehensive program management, field services and te ...

Core Insights - Albert Anthony is a Croatian-American media personality active on investor platforms, focusing on markets and stocks, with a growing follower base of over 1,000 since 2023 [1] - He is set to launch a new book titled "Financial Markets: Growing A Dividend Income Portfolio" in 2025, coinciding with an ongoing article series on the same topic [1] - Albert Anthony has a background in management and information systems, having worked in a top-10 financial firm's IT department [1] Company Overview - Albert Anthony & Co. is a sole proprietorship registered in Austin, Texas, focusing on general market commentary based on publicly available data [1] - The company does not provide personalized financial advice or sell financial products, and it is not a registered financial advisor [1] Investment Focus - Albert Anthony has launched the Future Investor Fund, which aims to build a dividend portfolio [1] - The company emphasizes the importance of due diligence for investors, indicating that all investments carry risk [1]

以下文章来源于晨星投资说 根据晨星最新发布的《全球公募基金及中国主题基金资金流观察》报告，截至2024年底，全球 前25大ETF提供商中超过一半来自美国： | 14 | VanEck 范达 | 1,104 | | --- | --- | --- | | 15 | WisdomTree | 1,095 | | 16 | Fidelity 富达 | 1,068 | | 17 | Daiwa 大和 | 1,048 | | 18 | BM0 蒙特利尔银行 | 922 | | 19 | 夜直電影 | 002 | | 20 | Global X | 806 | | 21 | 易同达县金 | 804 | | 22 | ProFunds/ProShares | 776 | | 23 | 华泰柏瑞基金 | 643 | | 24 | American Century | 569 | | 25 | MUFG 三菱日联 | 493 | 全球25强中，美国公司占14席，前5大ETF提供商均来自美国。 贝莱德（iShares/BlackRock）、先锋（Vanguard）、道富（State Street）包揽前三，三家公 司市占率合计6 ...

Core Viewpoint - A new ETF, SPDR SSGA Apollo IG Public & Private Credit ETF (PRIV), is set to trade on the NYSE, aiming to invest at least 80% of its net assets in investment-grade debt securities, including a notable portion of private credit, which presents liquidity challenges [1][2]. Group 1: ETF Structure and Investment Strategy - The ETF intends to include a combination of public and private credit, with a significant component of private equity, which is typically illiquid [1]. - Apollo will provide credit assets and has agreed to repurchase these investments if necessary, addressing liquidity concerns [2]. - The SEC has allowed this ETF to hold private credit investments between 10% and 35%, deviating from the usual 15% limit for illiquid investments in ETFs [3]. Group 2: Liquidity and Market Concerns - There are concerns regarding the pricing of liquidity provided by Apollo, as it is the primary source, although State Street can source from other firms for better pricing [3]. - Apollo's obligation to buy back loans is limited to a daily cap, raising questions about the process after reaching that limit and whether market makers will accept private credit instruments for redemption [4]. - The ETF is considered groundbreaking yet complex, and its liquidity will be closely monitored [4].