State Street Corporation (STT) came out with quarterly earnings of $2.60 per share, beating the Zacks Consensus Estimate of $2.42 per share. This compares to earnings of $2.04 per share a year ago.
Growth in NII is likely to have aided State Street's fourth-quarter 2024 earnings, while a fall in fee revenues and high expenses are likely to have hurt.
Evaluate the expected performance of State Street (STT) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
State Street Corporation STT will release its fourth-quarter financial results, before the opening bell, on Friday, Jan. 17, 2025.
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.
U.S. stocks look set to extend their outperformance this year driven by the financial firepower of big tech firms and investor friendly policies under a second Donald Trump presidency, the CEO of State Street's asset management arm said on Wednesday.
State Street (STT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
State Street's stock (NYSE: STT) , a company that provides a variety of financial services to institutional investors, has fared well this year, rising by about 29% year-to-date. This compares to peer BNY's stock (NYSE: BK) which is up about 57% over the same period.
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.