State Street (STT) Gains on Q2 Earnings Beat, Y/Y Revenue Rise
STTState Street(STT) ZACKS·2024-07-16 22:51

State Street’s (STT) second-quarter 2024 earnings of 2.15persharesurpassedtheZacksConsensusEstimateof2.15 per share surpassed the Zacks Consensus Estimate of 2.01. The bottom line declined 1% from the prior-year quarter.STT shares jumped 3% 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 have primarily been aided by growth in fee revenues and higher net interest revenues (NIR). Also, the company witnessed improvements in the total assets under custody ...