State Street Corporation (STT) Beats Q3 Earnings and Revenue Estimates

分组1 - State Street Corporation (STT) reported quarterly earnings of $2.26 per share, exceeding the Zacks Consensus Estimate of $2.08 per share, and up from $1.93 per share a year ago, representing an earnings surprise of 8.65% [1] - The company posted revenues of $3.34 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 5.04%, compared to $2.69 billion in the same quarter last year [1] - Over the last four quarters, State Street has consistently surpassed consensus EPS and revenue estimates [1] 分组2 - The stock has increased approximately 17.4% since the beginning of the year, while the S&P 500 has gained 22.9% [2] - The current consensus EPS estimate for the upcoming quarter is $2.25 on revenues of $3.25 billion, and for the current fiscal year, it is $8.15 on revenues of $12.76 billion [4] - The Zacks Industry Rank for Banks - Major Regional is in the top 25% of over 250 Zacks industries, indicating a favorable outlook for the industry [5]