Stock Track | State Street Plummets 5.19% as Q1 Revenue Misses Estimates

Stock Track2025-04-17

State Street Corporation (NYSE: STT) saw its stock price plummet 5.19% in pre-market trading on Thursday following the release of its first-quarter 2025 financial results. The company's performance fell short of analysts' expectations, particularly in terms of revenue and fee income.

The custodian bank reported total revenue of $3.284 billion for Q1, missing the IBES estimate of $3.320 billion. Fee revenue, a key metric for State Street, came in at $2.57 billion, falling short of analysts' projections of $2.60 billion. Net interest income also disappointed, reaching $714 million compared to the expected $728 million.

Despite the revenue miss, State Street did show some positive indicators. The company's assets under custody and administration rose 6% to $46.7 trillion, and its investment management AUM increased 9% to $4.7 trillion. Additionally, State Street's earnings per share of $2.04 and net income of $644 million surpassed analyst estimates. However, these bright spots were overshadowed by the revenue shortfall, leading to the significant stock decline.

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