State Street Corporation (STT) Q2 2024 Earnings Call Transcript
State Street Corporation (NYSE:STT ) Q2 2024 Earnings Conference Call July 16, 2024 11:00 AM ET Company Participants Elizabeth Lynn - EVP and Global Head of Investor Relations Ron O'Hanley - Chief Executive Officer Eric Aboaf - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore ISI Ken Usdin - Jefferies Brennan Hawken - UBS James Mitchell - Seaport Global Securities, LLC Betsy Graseck - Morgan Stanley Mike Mayo - Wells Fargo Securities Vivek Juneja - J.P. Morgan Securities Gerard Cassidy - RBC Capital Markets Operator Good morning, and welcome to State Street Corporation's Second Quarter 2024 Earnings Conference Call and Webcast.
State Street (STT) Reports Q2 Earnings: What Key Metrics Have to Say
The headline numbers for State Street (STT) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
State Street Stock Climbs as Assets Rise, Profit Beats Estimates
Shares of State Street (STT) rose after the financial services firm reported record-high numbers for two key measures of assets held and its results beat forecasts, aided by rising interest income and management fees.
State Street (STT) Gains on Q2 Earnings Beat, Y/Y Revenue Rise
State Street (STT) records increased revenues and expenses in the second quarter of 2024.
State Street Corporation (STT) Tops Q2 Earnings and Revenue Estimates
State Street Corporation (STT) came out with quarterly earnings of $2.15 per share, beating the Zacks Consensus Estimate of $2.01 per share. This compares to earnings of $2.17 per share a year ago.
State Street posts higher AUM; revenue beats estimates on higher fees
State Street on Tuesday reported a rise in client assets under management which helped the custodian bank rake in more fees from the service, sending its shares up 0.8% in premarket trading.
State Street Looks Interesting Heading Into Q2 Earnings Yielding 3.61%
State Street Corporation is a premier investment management company with $4.3 trillion in assets under management and a focus on ETFs and mutual funds. Risks to investing in STT include a high concentration of revenue from investment servicing, dependence on large clients, and potential outflows during market volatility. STT looks promising as an investment due to its strong financials, potential for EPS and dividend growth, and favorable macroeconomic conditions for asset managers.
Curious about State Street (STT) Q2 Performance? Explore Wall Street Estimates for Key Metrics
Evaluate the expected performance of State Street (STT) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Fee Income to Aid State Street (STT) Q2 Earnings, NIR to Hurt
An increase in fee income is expected to have supported State Street's (STT) Q2 earnings amid higher funding costs, which is likely to have hampered NIR growth.
Why State Street Corporation (STT) is a Great Dividend Stock Right Now
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does State Street Corporation (STT) have what it takes?
State Street Corporation (STT) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
State Street (STT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
State Street (STT) Inks Deal for Enhanced Digital Solutions
State Street (STT) enters into a partnership agreement with Galaxy Digital to enhance its digital-based offerings. This move aligns with the company's growth initiatives to boost its digital solutions.
