State Street Rides on High Rates, Fee Income & Strategic Buyouts [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
However, a rising expense base and concentrated fee-based revenues remain concerns. Nonetheless, solid capital distributions are another positive. Higher Rates to Aid Net Interest Revenue: State Street's net interest income (NII) and net interest margin (NIM) are anticipated to witness a modest expansion amid the relatively high-interest rate scenario. Both reflected a solid improvement in 2022 and 2023, driven by higher rates. NII experienced a compound annual growth rate (CAGR) of 7.8% over the three years ended 2023. Similarly, NIM expanded to 1.20% in 2023 from 1.03% in 2022. High funding costs and lower non-interest-bearing deposit balances exerted pressure on NII and NIM during the first nine months of 2024. As the Federal Reserve signaled future rate cuts, funding costs are anticipated to stabilize eventually. Also, the company's investment portfolio repositioning initiative will aid NII and NIM growth. Our estimate for NII indicates a CAGR of 2.8% over the next three yea
Show less
Read more
Impact Snapshot
Event Time:
STT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
STT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
STT alerts
High impacting State Street Corporation news events
Weekly update
A roundup of the hottest topics
STT
News
- Schwab Plans to Launch Spot Crypto Trading Post Regulation Ease [Yahoo! Finance]Yahoo! Finance
- Interactive Brokers Enhances Offerings, Unveils PEA Classique Account [Yahoo! Finance]Yahoo! Finance
- State Street Co. (NYSE: STT) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- State Street Co. (NYSE: STT) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Institutional owners may take dramatic actions as Pilbara Minerals Limited's (ASX:PLS) recent 7.1% drop adds to one-year losses [Yahoo! Finance]Yahoo! Finance
STT
Earnings
- 10/15/24 - Beat
STT
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- STT's page on the SEC website