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Why State Street Corporation (STT) is a Top Value Stock for the Long-Term
Zacks Investment Research· 2024-04-10 14:46
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores.What a ...
Fee Income to Aid State Street (STT) Q1 Earnings, NIR to Hurt
Zacks Investment Research· 2024-04-10 11:46
State Street (STT) is slated to report first-quarter 2024 results on Apr 12 before the opening bell. The company’s quarterly revenues are expected to have decreased on a year-over-year basis, while earnings are likely to have been stable.In the last reported quarter, STT’s earnings beat the Zacks Consensus Estimate. Results were largely driven by stable fee revenues. However, higher expenses, a decline in net interest revenues (NIR) and a rise in provisions hurt results to some extent.State Street has a dec ...
Stay Ahead of the Game With State Street (STT) Q1 Earnings: Wall Street's Insights on Key Metrics
Zacks Investment Research· 2024-04-09 14:15
The upcoming report from State Street Corporation (STT) is expected to reveal quarterly earnings of $1.52 per share, indicating no change from the year-ago quarter compared to the year-ago period. Analysts forecast revenues of $3.06 billion, representing a decrease of 1.4% year over year.The consensus EPS estimate for the quarter has been revised 0.9% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates dur ...
Why State Street (STT) is Poised to Beat Earnings Estimates Again
Zacks Investment Research· 2024-04-05 17:16
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? State Street Corporation (STT) , which belongs to the Zacks Banks - Major Regional industry, could be a great candidate to consider.This company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 10.87%.For the most recent quar ...
State Street Corporation (STT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Zacks Investment Research· 2024-04-05 15:01
State Street Corporation (STT) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 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 released on ...
It makes sense to hold up to 20% of your portfolio in gold - State Street's Milling-Stanley
Kitco· 2024-04-01 21:14
(Kitco News) - The gold market continues to move from strength to strength and in a world filled with uncertainty, investors should expect this trend to continue, according to one market analyst.In a recent interview with Kitco News, George Milling-Stanley, Chief Gold Strategist at State Street Global Advisors, said that he is not surprised gold prices are notching new record highs on nearly a daily basis.The comments come as June gold futures last traded at $2,258.30 an ounce, up nearly 1% on the day.Milli ...
Trailing S&P500 By 14% YTD, What To Expect From State Street Stock?
Forbes· 2024-03-22 12:30
UKRAINE - 2021/06/06: In this photo illustration a State Street Corporation logo seen displayed on a ... [+] smartphone with the stock market information of State Street Corporation in the background. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesState Street’s stock (NYSE: STT) has lost 5% YTD, as compared to the 9% rise in the S&P500 over the same period. Further, the stock is currently trading at $74 per share, which is 14% below it ...
State Street Partners with Diverse Firms to Underwrite $1 Billion of Senior Debt
Businesswire· 2024-03-18 20:30
BOSTON--(BUSINESS WIRE)--State Street Corporation (“State Street”) (NYSE: STT) announced today that it has issued an aggregate principal amount of $1 billion of senior debt. The offering, which closed today, was structured in keeping with State Street’s ongoing inclusion, diversity, and equity efforts, with Blaylock Van, LLC acting as a joint book-running manager, and Cabrera Capital Markets LLC, CAVU Securities LLC, Mischler Financial Group, Inc. and Tigress Financial Partners LLC each acting as co-manager ...
Here's Why State Street Corporation (STT) is a Strong Momentum Stock
Zacks Investment Research· 2024-03-18 14:56
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style Sc ...
State Street Corporation Announces Time Change for its First-Quarter 2024 Financial Results and Conference Call Webcast
Businesswire· 2024-03-15 20:30
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced changes to the timing of the previously announced release of its first-quarter 2024 financial results and the associated webcast and teleconference, in order to minimize conflicts with other industry earnings announcements. Financial results will now be announced on Friday, April 12, 2024 at approximately 7:30 a.m. ET, and reviewed via webcast and teleconference at 12:00 p.m. ET. There is no change to the date, the dial-in or web ...