State Street Corp. Q3 Profit Increases, Beats Estimates

October 15, 2024 — 07:14 am EDT

Written by RTTNews.com for RTTNews

(RTTNews) - State Street Corp. (STT) revealed earnings for its third quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $730 million, or $2.26 per share. This compares with $422 million, or $1.25 per share, in last year's third quarter.

Excluding items, State Street Corp. reported adjusted earnings of $682 million or $2.26 per share for the period.

Analysts on average had expected the company to earn $2.12 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 21.1% to $3.259 billion from $2.691 billion last year.

State Street Corp. earnings at a glance (GAAP) :

-Earnings (Q3): $730 Mln. vs. $422 Mln. last year. -EPS (Q3): $2.26 vs. $1.25 last year. -Revenue (Q3): $3.259 Bln vs. $2.691 Bln last year.

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

State Street Corp. Q3 Profit Increases, Beats Estimates

Tags

Latest Articles