Wall Street analysts expect State Street Corporation (STT) to post quarterly earnings of $2.01 per share in its upcoming report, which indicates a year-over-year decline of 7.4%. Revenues are expected to be $3.15 billion, up 1.2% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Pr ...

Wall Street expects a year-over-year decline in earnings on higher revenues when State Street Corporation (STT) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 16, 2024, might help the stock move higher if these key numbers are better t ...

State Street Corp.’s (STT) asset management business, State Street Global Advisors, has announced a collaboration with Galaxy Asset Management, an affiliate of Galaxy Digital Holdings Inc., to introduce investors to the next generation of digital asset-based strategies. This will enhance investors’ exposure to digital asset space companies, extending beyond just cryptocurrencies and bitcoin.This partnership between prominent global asset managers aims to offer investors the latest innovation in digital asse ...

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that ...

State Street (STT) is poised for growth on the back of business servicing wins, synergies from strategic buyouts, a global footprint and high interest rates. However, persistently elevated expenses and a challenging operating backdrop that is likely to hamper fee income growth are major headwinds.State Street has witnessed a decent increase in net interest revenues (NIR) and net interest margin (NIM) on the back of higher interest rates. NIR recorded a three-year (ended 2023) compound annual growth rate (CA ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe economy is bound to enter a downturn if the Federal Reserve delays cutting interest rates, according to Marija Veitmane, the head of equity research at State Street Global Markets.The Wall Str ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-07511 STATE STREET CORPORATION (Exact name of Registrant as Specified in its Charter) MA 04-2456637 (State or other jurisdiction of incorporatio ...

State Street Corporation (NYSE:STT) Q1 2024 Earnings Conference Call April 12, 2024 10:00 AM ET Company Participants Ilene Fiszel Bieler - Global Head of Investor Relations Ron O'Hanley - Chief Executive Officer Eric Aboaf - Chief Financial Officer Conference Call Participants Brennan Hawken - UBS Glenn Schorr - Evercore Alex Blostein - Goldman Sachs Brian Bedell - Deutsche Bank David Smith - Autonomous Research Mike Mayo - Wells Fargo Rajiv Bhatia - Morningstar Ken Usdin - Jefferies Operator Good morning, ...

Key TakeawaysState Street on Friday reported first-quarter revenue that exceeded forecasts as the financial institution made more on fees.Servicing, management, and software and processing fees all increased.The bank's assets under custody/administration (AUC/A) and assets under management (AUM) both set record highs. Shares of State Street (STT) rose in intraday trading Friday after the financial services provider posted better-than-expected revenue on higher fees. The bank reported overall first-quarter r ...

State Street Corporation (STT) reported $3.14 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 1.2%. EPS of $1.69 for the same period compares to $1.52 a year ago.The reported revenue represents a surprise of +2.54% over the Zacks Consensus Estimate of $3.06 billion. With the consensus EPS estimate being $1.48, the EPS surprise was +14.19%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...