- State Street‘s third-quarter revenue was $4.00 billion, slightly below the estimated $4.04 billion.
- Fee revenue came in at $3.14 billion, just under the expected $3.17 billion.
- Net interest income slightly exceeded expectations, reported at $864 million against the estimate of $857.7 million.
- Earnings per share (EPS) stood at $3.69.
- Net flows were recorded at +$7 billion, significantly below the anticipated +$46.71 billion.
- Assets under management totaled $6.31 trillion, compared to an estimated $6.33 trillion.
- Assets under custody/administration were reported at $59.17 trillion, higher than the expected $58.76 trillion.
- The Common Equity Tier 1 ratio was at 11%.
- Return on average equity was noted at 16.4%.
- The stock analyst ratings included 12 buys, 6 holds, and no sells.
A look at State Street Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts examining State Street Corporation’s long-term outlook using the Smartkarma Smart Scores indicate a promising future for the financial services firm. With impressive scores in Growth and Momentum, State Street is poised for expansion and continuous market presence. The company’s resilience and consistent dividends further strengthen its position in the industry. While the Value score falls in the middle range, the overall outlook remains positive, reflecting State Street‘s robust performance in managing financial assets and serving institutional investors.
State Street Corporation, a global provider of financial services catering to institutional investors, boasts a diversified portfolio of offerings including custody, accounting, asset management, and advisory services. The company’s solid scores across key factors such as Growth and Momentum highlight its potential for sustained growth and market leadership. Coupled with its resilience and consistent dividend payouts, State Street continues to demonstrate its stability and reliability in the financial services sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
