State Street Q2 2024 GAAP EPS $2.15 Beats $2.03 Estimate, Total Revenue $3.191B Beat $3.146B Estimate
Portfolio Pulse from Benzinga Newsdesk
State Street (NYSE:STT) reported Q2 2024 GAAP EPS of $2.15, beating the estimate of $2.03. Total revenue was $3.191 billion, surpassing the $3.146 billion estimate. This represents a 2.60% increase over the same period last year.
July 16, 2024 | 11:34 am
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POSITIVE IMPACT
State Street's Q2 2024 earnings and revenue both exceeded analyst expectations, with EPS at $2.15 and revenue at $3.191 billion. This positive performance is likely to boost investor confidence and support short-term stock price appreciation.
The earnings per share (EPS) and revenue both exceeded analyst expectations, which is a strong indicator of the company's financial health and operational efficiency. This positive news is likely to result in a short-term increase in the stock price as investors react to the better-than-expected performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100