State Street Corporation (STT) Tops Q1 Earnings Estimates

Earnings Performance - State Street Corporation (STT) reported quarterly earnings of $2.04 per share, exceeding the Zacks Consensus Estimate of$ 1.98 per share, and up from $1.69 per share a year ago, representing an earnings surprise of 3.03% [1] - The company posted revenues of$ 3.28 billion for the quarter ended March 2025, which was below the Zacks Consensus Estimate by 0.57%, but an increase from $3.14 billion year-over-year [2] Stock Performance and Outlook - State Street shares have declined approximately 18.9% since the beginning of the year, compared to a decline of 10.3% for the S&P 500 [3] - The company's earnings outlook is mixed, with a current Zacks Rank of 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is$ 2.39 on revenues of $3.34 billion, and for the current fiscal year, it is$ 9.37 on revenues of $13.34 billion [7] - The Zacks Industry Rank for Banks - Major Regional is in the top 36% of over 250 Zacks industries, suggesting a favorable outlook for the industry [8]