State Street shares gained 30% over the past year, benefiting from fewer rate cuts and rising asset levels, but mixed guidance prompts a "hold" rating. Q4 earnings beat consensus at $2.60 per share, driven by a 12% revenue rise and strong asset growth, but 2025 guidance is less optimistic. Despite solid deposit growth and a high CET1 capital ratio, ongoing fee compression and interest rate sensitivity limit upside potential; shares are fairly valued at 10.5x earnings.
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?
Higher NII and fee income and growth in AUC/A and AUM balance support STT's Q4 earnings.
Although the revenue and EPS for State Street (STT) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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.