State Street Corporation (STT) Q1 Earnings and Revenues Beat Estimates

分组1 - State Street Corporation (STT) reported quarterly earnings of $1.69 per share, exceeding the Zacks Consensus Estimate of$1.48 per share, and up from $1.52 per share a year ago, representing an earnings surprise of 14.19$3.14 billion for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 2.54%, and compared to year-ago revenues of $3.1 billion [1] - Over the last four quarters, State Street has surpassed consensus EPS estimates four times and topped consensus revenue estimates two times [1] 分组2 - State Street shares have declined approximately 4.6% since the beginning of the year, while the S&P 500 has gained 9% [2] - The current consensus EPS estimate for the upcoming quarter is $2.07 on revenues of$3.12 billion, and for the current fiscal year, it is $7.87 on revenues of$12.44 billion [4] - The Zacks Industry Rank for Banks - Major Regional is currently in the top 37% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [4]