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Curious about State Street (STT) Q2 Performance? Explore Wall Street Estimates for Key Metrics
STTState Street(STT) ZACKS·2024-07-11 14:21

Core Viewpoint - Analysts expect State Street Corporation (STT) to report quarterly earnings of 2.01pershare,reflectingayearoveryeardeclineof7.42.01 per share, reflecting a year-over-year decline of 7.4%, with revenues projected at 3.15 billion, an increase of 1.2% from the previous year [1] Earnings and Revenue Estimates - The consensus EPS estimate has been revised upward by 1% in the past 30 days, indicating a reassessment by covering analysts [1] - Total fee revenue is expected to reach 2.46billion,comparedto2.46 billion, compared to 2.42 billion reported in the same quarter last year [4] - Net Interest Income is projected at 694million,slightlyupfrom694 million, slightly up from 691 million in the previous year [3][4] Key Financial Metrics - Analysts project 'Average balance - Total interest-earning assets' to be 250.50billion,upfrom250.50 billion, up from 231.99 billion a year ago [2] - The 'Basel III Advanced Approaches - Tier 1 Leverage Ratio' is expected to be 5.5%, down from 5.8% year-over-year [2] - The 'Basel III Standardized Approach - Tier 1 capital ratio' is estimated at 13.2%, compared to 13.6% last year [3] - 'Assets under Management (AUM)' are forecasted to reach 4,260.46billion,upfrom4,260.46 billion, up from 3,797 billion a year ago [3] - 'Assets under Custody and/or Administration (AUC/A)' are expected to be 37,329.47billion,downfrom37,329.47 billion, down from 39,589 billion in the same quarter last year [3] Fee Revenue Breakdown - 'Software and processing fees' are projected at 216.18million,downfrom216.18 million, down from 221 million year-over-year [4] - 'Other fee revenue' is expected to be 44.27million,comparedto44.27 million, compared to 58 million last year [4] - 'Management fees' are forecasted to reach 506.07million,upfrom506.07 million, up from 461 million in the previous year [4] Stock Performance - State Street shares have returned +4.6% over the past month, compared to the Zacks S&P 500 composite's +5.1% change, with a Zacks Rank 3 (Hold) indicating expected performance in line with the overall market [6]