State Street (STT) Gains on Q1 Earnings Beat, Y/Y Revenue Rise [Yahoo! Finance]
State Street Corporation (STT)
Last state street corporation earnings: 4/17 07:38 am
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US:NYSE Investor Relations:
investors.statestreet.com
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Source: Yahoo! Finance
STT shares jumped 3.5% in the pre-market trading on a better-than-expected quarterly performance. However, a full day's trading session will depict a clearer picture. Results were primarily aided by growth in fee revenues and lower provisions. Also, the company witnessed improvements in the total assets under custody and assets under management (AUM) balances. However, lower net interest revenues (NIR) and higher expenses were major headwinds. Net income available to common shareholders (after considering the notable items) was $418 million, down 20.4% from the year-ago quarter. Our projection for the metric was $433.2 million. Revenues Improve, Expenses Rise Total revenues of $3.14 billion increased 1.2% year over year. Also, the top line beat the Zacks Consensus Estimate of $3.06 billion. NIR was $716 million, down 6.5% year over year. The decline was due to lower average deposit balances and deposit mix shift, partially offset by the impacts of higher interest rates, cli
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STT
Earnings
- 4/12/24 - Miss
STT
Sec Filings
- 5/15/24 - Form 13F-HR
- 5/14/24 - Form 4
- 5/14/24 - Form 144
- STT's page on the SEC website