State Street Corporation (NYSE: STT) has reported E.P.S. of $0.56 for its fourth fiscal quarter (ending December 31) versus $1.94 for the same period a year ago — a decline of -71%. This performance was $-1.27 short of the consensus estimate of $1.83. For the latest four quarters through December 31, E.P.S. were $5.65 compared to $7.28 a year ago — a decline of -22%.
Recent Price Action
State Street Corporation (NYSE: STT) stock closed at $75.86 on 1/19/24 after a large increase of 2.1%. Moreover, this advance was accompanied by exceptionally high trading volume at 321% of normal. The stock has declined -1.0% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
STT’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
State Street has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. State Street has a good Power Rating of 76 and a very high Appreciation Score of 88, and the Highest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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