Overview
Financial services firm's Q4 revenue rose 7%, beating analyst expectations
Adjusted EPS for Q4 beat analyst expectations
Company expanded Wealth Services via Apex Fintech partnership
Outlook
State Street plans to expand Wealth Services through Apex Fintech Solutions partnership
Company aims to drive transformation with technology and AI in 2026
Result Drivers
REVENUE GROWTH - Total revenue increased 7%, driven by higher fee revenue, net interest income, and currency translation effects
FEE REVENUE - Fee revenue increased 8%, supported by higher servicing, management, FX trading, and securities finance revenues
STRATEGIC INVESTMENTS - Co expanded Wealth Services through partnership with Apex Fintech Solutions and launched Digital Asset Platform
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $3.67 bln | $3.60 bln (12 Analysts) |
Q4 Adjusted EPS | Beat | $2.97 | $2.85 (14 Analysts) |
Q4 EPS | $2.42 | ||
Q4 Net Income | $747 mln | ||
Q4 Net Interest Income | Beat | $802 mln | $762.44 mln (9 Analysts) |
Q4 Credit Loss Provision | $8 mln | ||
Q4 ROE | 11.30% |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy"
Wall Street's median 12-month price target for State Street Corp is $144.00, about 5.7% above its January 15 closing price of $136.29
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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