State Street Likely To Report Higher Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Core Viewpoint - State Street Corporation is expected to report an increase in earnings and revenue for the fourth quarter, indicating positive financial performance [1]. Earnings Results - The company will release its fourth-quarter earnings results on January 16, with analysts predicting earnings of $2.84 per share, up from $2.60 per share in the same period last year [1]. - The consensus estimate for quarterly revenue is $3.62 billion, an increase from $3.41 billion a year earlier [1]. Dividend Announcement - On December 18, State Street announced a quarterly cash dividend of 84 cents per share of common stock [2]. - Following the dividend announcement, State Street shares rose by 1.4%, closing at $134.72 [2]. Analyst Ratings - TD Cowen analyst maintained a Buy rating and raised the price target from $135 to $155 [3]. - Truist Securities downgraded the stock from Buy to Hold, increasing the price target from $131 to $138 [3]. - Barclays downgraded the stock from Overweight to Equal-Weight, raising the price target from $120 to $152 [3]. - Citigroup maintained a Buy rating and raised the price target from $136 to $150 [3]. - Wells Fargo maintained an Overweight rating and boosted the price target from $121 to $129 [3].