Higher rates, inorganic growth strategy and global reach are likely to keep supporting State Street (STT). However, rising expenses and substantial exposure to fee income are major near-term woes.

Term of the Week: Net Interest Income

08:10am, Saturday, 22'nd Jul 2023
Higher interest rates boosted big banks' net interest income in the second quarter, which is the profit banks earn from charging higher interest rates to borrowers than they pay out to depositors and
Analysts at UBS have downgraded their rating on State Street Corporation (NYSE:STT) from ‘Buy' to ‘Neutral' following the bank's 2Q earnings report as it once again faces pricing pressure. The ana
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Why State Street Stock Plummeted Today

05:34pm, Friday, 14'th Jul 2023
Investors weren't pleased with the bank's latest quarterly earnings report. This is despite the fact that it beat the average analyst's bottom-line estimate.
State Street Corp. STT, -12.04% is down 11.2% to $68.80 with less than a half hour of trading left on Friday. If the stock closes at that level, it will be the lowest close since May 31, 2023, when it

Why These 2 Bank Stocks Missed Friday's Rally

02:15pm, Friday, 14'th Jul 2023
Companies have begun releasing their second-quarter financial results. Citigroup didn't see as much positive impact from financial conditions as its big-bank peers.
State Street Corporation (NYSE:STT ) Q2 2023 Earnings Conference Call July 14, 2023 10:00 AM ET Company Participants Ilene Fiszel Bieler - Global Head of Investor Relations Ronald P. O'Hanley - Chairm
State Street (STT) records a rise in revenues in the second quarter of 2023.
State Street Corporation (NYSE:STT)delivered 2Q earnings that came in ahead of estimates, but its stock was punished on Friday as fickle traders digested its results. The US financial institution post
The headline numbers for State Street Corporation (STT) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall
State Street Corporation (STT) came out with quarterly earnings of $2.17 per share, beating the Zacks Consensus Estimate of $2.08 per share. This compares to earnings of $1.94 per share a year ago.
State Street Corp. STT, -4.52% stock was down by 4.5% after it reported a better-than-expected second-quarter profit but fell short of its revenue and net interest income marks. State Street said its
State Street Corp on Friday beat profit estimates for the second quarter as the bank's interest income benefited from the U.S. Federal Reserve's policy tightening and assets under management rose amid
State Street's (STT) debut in Colombia underlines its efforts to expand in the Latin American region. The company will benefit from the dynamic and fast-growing market.
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