State Street Corporation has announced impressive first-quarter earnings of $1.59 per share, exceeding analyst expectations of $1.47 and generating revenue of $3.08 billion, surpassing the $3.04 billion forecast. This strong performance aligns with the firm’s forthcoming $3.5 billion acquisition of Brown Brothers Harriman & Co.'s investor services business. Despite experiencing a recent 52-week low of $75.65, State Street retains a Zacks Rank of #3 and boasts $41.7 trillion in assets under custody.
“Executives · expected to close · a proposed acquisition of Brown Brothers Harriman & Co.’s investor services business · $3.5 billion”
“State Street Corporation · hit a new 52-week low · $75.65 · on Thursday, April 14, 2022”
“State Street Corporation · reported adjusted earnings · $1.59 per share · ahead of the consensus of $1.47 per share”
“State Street Corporation · generated revenue · $3.08 billion · while analysts were expecting $3.04 billion”
“State Street Corporation · reported · financial results · first-quarter 2022”
“State Street Corporation · has · assets under custody · $41.7 trillion”
“State Street Corporation · has · assets under management · $4.0 trillion”
“State Street’s STT · first-quarter 2022 adjusted earnings · $1.59 per share · higher than $1.47”
“Shares of STT · gained · almost 1% · in pre-market trading”
“State Street Corporation · carries a Zacks Rank · #3 · (Hold)”
“State Street Corporation (STT) · beat the Zacks Consensus Estimate of · per share · 1.47”
“State Street Corporation (STT) · posted revenues of · for the quarter ended March 2022 · 3.08 billion”
