STT Stock Recent News

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) reported its fourth-quarter and full-year 2024 financial results last Friday, January 17, 2025. The news release, presentation and additional financial information can be accessed on State Street's Investor Relations website, http://investors.statestreet.com. A conference call to discuss the firm's financial results and outlook scheduled for 11:00 a.m. ET, Friday, January 17, 2025 was interrupted after the conclusion of the prepared.

State Street shares gained 30% over the past year, benefiting from fewer rate cuts and rising asset levels, but mixed guidance prompts a "hold" rating. Q4 earnings beat consensus at $2.60 per share, driven by a 12% revenue rise and strong asset growth, but 2025 guidance is less optimistic. Despite solid deposit growth and a high CET1 capital ratio, ongoing fee compression and interest rate sensitivity limit upside potential; shares are fairly valued at 10.5x earnings.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does State Street Corporation (STT) have what it takes?

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) reported its fourth-quarter and full-year 2024 financial results earlier today. The news release, presentation and additional financial information can be accessed on State Street's Investor Relations website, http://investors.statestreet.com. A conference call to discuss the firm's financial results and outlook scheduled for 11:00 a.m. ET, Friday, January 17, 2025 was interrupted after the conclusion of the prepared remarks and duri.

U.S. stocks traded higher toward the end of trading, with the S&P 500 gaining around 1% on Friday.

Higher NII and fee income and growth in AUC/A and AUM balance support STT's Q4 earnings.

Although the revenue and EPS for State Street (STT) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

State Street Corporation (STT) came out with quarterly earnings of $2.60 per share, beating the Zacks Consensus Estimate of $2.42 per share. This compares to earnings of $2.04 per share a year ago.

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) reported its fourth-quarter and full-year 2024 financial results today. The news release, presentation and additional financial information can be accessed on State Street's Investor Relations website, http://investors.statestreet.com. A conference call to discuss the firm's financial results, outlook and related matters will be held at 11:00 a.m. ET today, Friday, January 17, 2025. The call will be open to the public. The conference.

Growth in NII is likely to have aided State Street's fourth-quarter 2024 earnings, while a fall in fee revenues and high expenses are likely to have hurt.