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Stock impact report

State Street Corporation (STT) Says Q1 Results Are Expected to Come in Stronger Than Previously Anticipated [Yahoo! Finance]

State Street Corporation (STT) 
Last state street corporation earnings: 4/17 07:38 am Check Earnings Report
US:NYSE Investor Relations: investors.statestreet.com
Company Research Source: Yahoo! Finance
at the RBC Capital Markets Global Financial Institutions Conference that first-quarter results are expected to come in stronger than what the company had anticipated earlier in the year. An executive has noted that a weaker dollar is relatively neutral to overall operating leverage but is expected to have “a couple of percentage points of impact on both revenue and expense on a year-over-year basis.” The executive added that while the operating environment remains dynamic and some of the positive trends supporting results this quarter may not persist beyond Q1, the company remains confident in its ability to deliver another year of positive total operating leverage and pre-tax margin expansion across a range of scenarios. Last month, in February, JPMorgan analyst Vivek Juneja raised the firm's price target on State Street Corporation (NYSE:STT) to $137.50 from $135 previously while maintaining a Neutral rating on the shares. State Street Corporation (STT) Says Q1 Results Are Exp Show less Read more
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