State Street Q1 2024 Adj EPS $1.69 Beats $1.50 Estimate, Total Revenue $3.138B Beat $3.061B Estimate
Portfolio Pulse from Benzinga Newsdesk
State Street Corporation (NYSE:STT) reported Q1 2024 adjusted earnings per share (EPS) of $1.69, surpassing the analyst consensus estimate of $1.50. Total revenue for the quarter was $3.138 billion, exceeding the consensus estimate of $3.061 billion and marking a 1.19% increase from the same period last year.
April 12, 2024 | 11:34 am
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POSITIVE IMPACT
State Street Corporation reported higher than expected Q1 2024 earnings and revenue, indicating strong financial performance.
Beating earnings and revenue estimates typically leads to positive investor sentiment and can cause a short-term increase in stock price. The significant beat on both fronts for State Street suggests a strong financial performance, likely to be viewed favorably by investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100