State Street Corp (STT)
State Street Corporation (STT) Q4 2024 Q&A Earnings Call Transcript
State Street Corporation (NYSE:STT ) Q4 2024 Q&A Earnings Call January 22, 2025 12:00 PM ET Company Participants Elizabeth Lynn - Head of IR Ron O'Hanley - CEO Eric Aboaf - CFO Mark Keating - EVP and Investment Services CFO Conference Call Participants Jim Mitchell - Seaport Mike Mayo - Wells Fargo Glenn Schorr - Evercore Brian Bedell - Deutsche Bank Brennan Hawken - UBS Gerard Cassidy - RBC Vivek Juneja - JPMorgan David Smith - Truist Operator Hello, and welcome to the continuation of State Street Corporation's Fourth Quarter and Full Year 2024 Earnings Conference Call and Webcast. Today's call will be hosted by Elizabeth Lynn, Head of Investor Relations at State Street.
State Street: Solid Q4 But Disappointing Guidance
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.
Are You Looking for a High-Growth Dividend Stock?
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's Q4 Earnings Top as NII & Fee Income Rises, Stock Down
Higher NII and fee income and growth in AUC/A and AUM balance support STT's Q4 earnings.
State Street (STT) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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) Q4 Earnings and Revenues Beat Estimates
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.
NII to Aid STT's Q4 Earnings, Lower Fee Revenues & High Costs to Hurt
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.
Exploring Analyst Estimates for State Street (STT) Q4 Earnings, Beyond Revenue and EPS
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.
How To Earn $500 A Month From State Street Stock Ahead Of Q4 Earnings
State Street Corporation STT will release its fourth-quarter financial results, before the opening bell, on Friday, Jan. 17, 2025.
State Street Corporation (STT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
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.
US equity 'exceptionalism' to continue, State Street asset management CEO says
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.
Will State Street (STT) Beat Estimates Again in Its Next Earnings Report?
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.
