State Street (STT) Stock Gains on Q4 Earnings Beat, NIR Down

State Street’s (STT) fourth-quarter 2023 adjusted earnings of $2.04 per share surpassed the Zacks Consensus Estimate of$1.81. The bottom line, however, declined 1.4% from the prior-year quarter.Shares of STT jumped almost 4.5% in pre-market trading on a better-than-expected quarterly performance.Results were primarily aided by stable fee revenues. Also, the company witnessed an improvement in total assets under custody and assets under management (AUM) balances. However, lower net interest revenues (NIR), ...