State Street

State Street (STT) Q2 Earnings Beat, Revenues & Costs Down
Financial | Asset Management | USA

State Street’s STT second-quarter 2019 adjusted earnings of $1.45 per share beat the Zacks Consensus Estimate of $1.40. However, the figure was 28.9% below the prior-year quarter level.

The stock jumped 6.4% in pre-market trading, perhaps driven by success of the company’s expense saving efforts. Notably, the full-day trading session will depict a better picture.

Results reflect fall in operating expenses, new investment servicing wins of $390 billion and rise in assets under management (AUM) balance. However, lower revenues, and decline in assets under custody and administration were on the downside.

After considering several non-recurring items, net income available to common shareholders was $537 million or $1.42 per share, down from $697 million or $1.88 per share in the year-ago quarter.

Revenues Down, Adjusted Expenses Rise

Total revenues were $2.87 billion, decreasing 2% year over year. However, the top line beat the Zacks Consensus Estimate of $2.85 billion.



...

https://finance.yahoo.com/news/state-str...01056.html

State Street (STT) Q4 Earnings Top Estimates on Cost Savings

State Street’s STT fourth-quarter 2019 adjusted earnings of $1.98 per share outpaced the Zacks Consensus Estimate of $1.70. Also, the figure was 18.6% above the prior-year quarter level.

...

For 2019, adjusted earnings of $6.17 per share was down 14.2% but beat the consensus estimate of $5.88. After considering several non-recurring items, net income available to common shareholders was $2.15 billion, down 10.6%.

Revenues Up, Expenses Down

Total revenues for the quarter were $3.05 billion, increasing 5% year over year. Also, the top line beat the Zacks Consensus Estimate of $2.92 billion.

For 2019, total revenues fell 3% to $11.76 billion. However, the figure beat the Zacks Consensus Estimate of $11.64 billion.


...

https://finance.yahoo.com/news/state-str...02000.html

Nächster Anlauf


Die Entscheidung von State Street, die Optionen für die Zukunft des Vermögensverwaltungsgeschäfts auszuloten, einschließlich einer Fusion des Bereichs mit dem der UBS.


https://news.guidants.com/#!Artikel?id=9057819