Wall Street analysts forecast that State Street Corporation (STT) will report quarterly earnings of $2.08 per share in its upcoming release, pointing to a year-over-year increase of 7.8%. It is anticipated that revenues will amount to $3.18 billion, exhibiting an increase of 18.1% compared to the year-ago quarter.Over the last 30 days, there has been an upward revision of 1.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective recons ...

State Street Corporation (STT) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be release ...

Shares of State Street Corporation (STT, Financial) have proved an excellent investment of late. The stock has delivered a total return of roughly 33% over the past year. Despite this move higher, the stock trades at just 10.8x consensus full year 2024 earnings per share and offers a dividend yield of 3.4%. Comparably, the S&P 500 trades at roughly 23x forward earnings while the financial sector, proxied by the Financial Select Sector SPDR ETF (XLF) trades at roughly 17x forward earnings. While a low valuat ...

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State Street Corp.’s (STT) asset management business, State Street Global Advisors, announced its partnership with Apollo Global Management Inc. (APO) and its affiliates to enhance investors' accessibility to private market opportunities.Rationale Behind State Street’s CollaborationApollo specializes in high-quality private credit origination that includes both corporate lending and asset-backed finance. As of June 30, 2024, APO reported $146 billion of debt origination in the last 12 months, aided by its c ...

State Street Corp.’s (STT) shares have touched a 52-week high of $87.27 on Friday. The stock closed the session a tad lower at $87.10, gaining 17.7% in the past six months.The stock has outperformed the industry, the S&P 500 Index, and its peers KeyCorp (KEY) , Comerica Inc. (CMA) and Northern Trust Corp. (NTRS) in the same time frame.Six-Month Price Performance Chart Image Source: Zacks Investment Research STT’s improving fee income through strategic buyouts and business servicing wins, alongside a solid b ...

Investment Announcement - State Street Corporation's asset management unit, State Street Global Advisors, has announced a 5% equity investment in Australian fintech platform Raiz Invest Limited [1] - The partnership aims to combine State Street's market expertise with Raiz's mobile-first platform, enhancing access to micro-investments for retail investors in Australia [1] Strategic Goals - The investment aligns with State Street's strategy to collaborate with wealth firms that share a commitment to helping investors manage their investments and savings for retirement [2] - Both companies aim to provide financial literacy content and investment education tools to Raiz customers, benefiting a range of investors from beginners to experienced [2][3] Recent Developments - State Street has been expanding its scale through restructuring and inorganic growth, including the acquisition of CF Global Trading in February 2024 to enhance outsourced trading capabilities [3] - The company has also focused on broadening its product offerings and enhancing fee income through partnerships, such as with Taurus SA for digital asset solutions and Galaxy Asset Management for digital asset strategies [3] Market Performance - Year-to-date, State Street shares have increased by 8.5%, while the industry has seen a growth of 20.9% [3]

Core Viewpoint - State Street Corp. has formed a strategic partnership with Taurus SA to enhance its digital asset solutions, focusing on providing reliable digital asset capabilities to its clients [1][2]. Group 1: Partnership Details - The partnership will allow State Street to utilize Taurus' comprehensive solutions for custody, tokenization, and node-management, automating the issuance and servicing of digital assets [1]. - Taurus is recognized as a leading digital asset infrastructure provider, backed by Credit Suisse and owned by UBS, catering to large financial institutions [1]. Group 2: Focus on Tokenization - State Street will initially concentrate on tokenized versions of traditional assets, reflecting the high institutional demand for digital assets as a hedge against inflation and for diversification [2]. - The collaboration aims to position State Street as a leader in the digital asset space, enhancing the client experience [2]. Group 3: Product Utilization - State Street will leverage three of Taurus' key products: Taurus-PROTECT, Taurus-CAPITAL, and TaurusEXPLORER, which facilitate the creation, management, and blockchain connectivity of tokenized assets [3]. - This partnership is expected to positively impact U.S. financial markets, which have been lagging behind Europe due to regulatory challenges [3]. Group 4: Broader Industry Context - The move aligns with State Street's strategy to expand its product offerings and strengthen fee income, following previous collaborations to enhance exposure to digital asset strategies [3]. - Other financial firms, such as Morgan Stanley and Robinhood, are also taking steps to enter the digital asset market, indicating a growing trend in the industry [5][6].

It is a good idea to add State Street (STT) stock to your portfolio now as it benefits from solid business servicing wins, strategic acquisitions, global reach and efforts to technologically upgrade operations. Its steady capital distribution activities are likely to continue enhancing shareholder value.Analysts seem optimistic about the company’s earnings growth prospects. Over the past 30 days, the Zacks Consensus Estimate for earnings has been revised marginally upward for 2024 and 2025. The stock curren ...

It has been about a month since the last earnings report for State Street Corporation (STT) . Shares have lost about 7.5% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is State Street due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. State Street Q2 Earnings Beat as ...