A so-called balanced portfolio is anything but given the correlation of stock and bond returns as well as concentration in stocks.
State Street's asset management unit partners with Bridgewater to boost core alternative investment strategies. This will strengthen its fee income sources.
State Street (STT) reported earnings 30 days ago. What's next for the stock?
STT remains well-poised for growth driven by buyouts, high rates and improving fee income. Yet, high costs and high reliance on fee-based revenues are woes.
Does State Street Corporation (STT) have what it takes to be a top stock pick for momentum investors? Let's find out.
Does State Street Corporation (STT) have what it takes to be a top stock pick for momentum investors? Let's find out.
State Street Corporation (NYSE:STT ) Q3 2024 Earnings Conference Call October 15, 2024 12:00 PM ET Company Participants Elizabeth Lynn - Global Head, Investor Relations Ron O'Hanley - Chief Executive Officer Eric Aboaf - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore Brennan Hawken - UBS Financial Alex Blostein - Goldman Sachs Betsy Graseck - Morgan Stanley Brian Bedell - Deutsche Bank Jim Mitchell - Seaport Global Securities Gerard Cassidy - RBC Operator Good morning, and welcome to State Street Corporation's Third Quarter 2024 Earnings Conference Call and Webcast. Today's discussion is being broadcasted live on State Street's website at investors.statestreet.com.
STT records increased revenues and expenses in the third quarter of 2024.
While the top- and bottom-line numbers for State Street (STT) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
State Street Corporation (STT) came out with quarterly earnings of $2.26 per share, beating the Zacks Consensus Estimate of $2.08 per share. This compares to earnings of $1.93 per share a year ago.
CNBC's Mike Santoli, State Street's Michael Arone and KBW's David Konrad, joins 'Power Lunch' to discuss the economy, banks and earnings.
Besides Wall Street's top -and-bottom-line estimates for State Street (STT), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.