STT moves up 9.5% in 3 months, fueled by global deals, fee income growth and rising NII.
STT leans on high rates, acquisitions and fee growth to drive expansion, even as costs and revenue concentration pose risks.
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 (NYSE:STT ) Q1 2025 Earnings Conference Call April 17, 2025 11:00 AM ET Company Participants Elizabeth Lynn - Head of IR Ron O'Hanley - CEO Mark Keating - Interim-CFO Conference Call Participants Ken Usdin - Autonomous Jim Mitchell - Seaport Global Alex Blostein - Goldman Sachs Glenn Schorr - Evercore Mike Mayo - Wells Fargo Securities Betsy Graseck - Morgan Stanley David Smith - Truist Vivek Juneja - JPMorgan Gerard Cassidy - RBC Operator Good morning, and welcome to State Street Corporation's First Quarter 2025 Earnings Conference Call and Webcast. Today's call will be hosted by Elizabeth Lynn, Head of Investor Relations at State Street.
State Street Corporation is one of the largest asset-servicing companies in the world. Q1 2025 earnings showed revenue up 5%, net income up 39%, and assets under custody and management growing, indicating a successful business model. Despite slower growth compared to peers, STT's stable asset servicing business and international growth opportunities make it a solid long-term investment.
STT's first-quarter 2025 earnings beat estimates on higher fee revenues and lower provisions. Yet, higher adjusted expenses and lower NII are woes.
The headline numbers for State Street (STT) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
State Street Corporation (STT) came out with quarterly earnings of $2.04 per share, beating the Zacks Consensus Estimate of $1.98 per share. This compares to earnings of $1.69 per share a year ago.
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?
Get a deeper insight into the potential performance of State Street (STT) for the quarter ended March 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
State Street, an American global financial services company, is now a $22 billion (by market cap) financial powerhouse. To date, STT increased its dividend for 14 consecutive years, with a 10-year dividend growth rate of 9.7%. The company moved its revenue from $10.8 billion in FY 2015 to $22.1 billion in FY 2024, a compound annual growth rate of 8.3%.