Sohini Mondal
2 min read
With a market cap of $30 billion, State Street Corporation (STT) is a leading financial holding company serving institutional investors worldwide. Through its subsidiaries, it provides a comprehensive suite of investment servicing and management solutions, including custody, fund administration, analytics, and the State Street Alpha platform.
The Boston, Massachusetts-based is expected to announce its fiscal Q2 2025 earnings results before the market opens on Tuesday, Jul. 15. Ahead of this event, analysts expect STT to report a profit of $2.40 per share, up 11.6% from $2.15 per share in the previous year's quarter. It has surpassed Wall Street's bottom-line estimates in the past four quarters. In Q1 2025, State Street exceeded the consensus EPS estimate by over 3%.
For fiscal 2025, analysts project STT to achieve EPS of $9.54, marking over 10% increase from $8.67 in fiscal 2024. EPS is further expected to rise 10.5% year-over-year to $10.54 in fiscal 2026.
STT stock has jumped 43.8% over the past 52 weeks, outperforming the S&P 500 Index's ($SPX) 12.3% gain and the Financial Select Sector SPDR Fund's (XLF) 26.4% return over the same period.
Shares of STT rose 2.1% on Apr. 17 as investors responded positively to the company's strong Q1 2025 results, with EPS of $2.04 surpassing the consensus estimate. The 20.7% year-over-year EPS growth and a 39.1% jump in net income highlighted solid profitability. Fee revenues rose 6.1% to $2.66 billion, outperforming expectations and signaling strong core business momentum. Additionally, lower provisions for credit losses and an 8.5% increase in AUM reassured investors of State Street’s financial stability and growth potential.
Analysts' consensus rating on State Street stock is cautiously optimistic, with a "Moderate Buy" rating overall. Out of 17 analysts covering the stock, opinions include eight "Strong Buys," two "Moderate Buys," six "Holds," and one "Moderate Sell." As of writing, STT is trading slightly below the average analyst price target of $105.53.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
