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Curious about State Street (STT) Q2 Performance? Explore Wall Street Estimates for Key Metrics
State StreetState Street(US:STT) ZACKSยท2024-07-11 14:21

Core Viewpoint - Analysts expect State Street Corporation (STT) to report quarterly earnings of $2.01 per share, reflecting a year-over-year decline of 7.4%, with revenues projected at $3.15 billion, an increase of 1.2% from the previous year [1] Earnings and Revenue Estimates - The consensus EPS estimate has been revised upward by 1% in the past 30 days, indicating a reassessment by covering analysts [1] - Total fee revenue is expected to reach $2.46 billion, compared to $2.42 billion reported in the same quarter last year [4] - Net Interest Income is projected at $694 million, slightly up from $691 million in the previous year [3][4] Key Financial Metrics - Analysts project 'Average balance - Total interest-earning assets' to be $250.50 billion, up from $231.99 billion a year ago [2] - The 'Basel III Advanced Approaches - Tier 1 Leverage Ratio' is expected to be 5.5%, down from 5.8% year-over-year [2] - The 'Basel III Standardized Approach - Tier 1 capital ratio' is estimated at 13.2%, compared to 13.6% last year [3] - 'Assets under Management (AUM)' are forecasted to reach $4,260.46 billion, up from $3,797 billion a year ago [3] - 'Assets under Custody and/or Administration (AUC/A)' are expected to be $37,329.47 billion, down from $39,589 billion in the same quarter last year [3] Fee Revenue Breakdown - 'Software and processing fees' are projected at $216.18 million, down from $221 million year-over-year [4] - 'Other fee revenue' is expected to be $44.27 million, compared to $58 million last year [4] - 'Management fees' are forecasted to reach $506.07 million, up from $461 million in the previous year [4] Stock Performance - State Street shares have returned +4.6% over the past month, compared to the Zacks S&P 500 composite's +5.1% change, with a Zacks Rank 3 (Hold) indicating expected performance in line with the overall market [6]