State Street Corporation (NYSE: STT) has reported E.P.S. of $2.18 for its second fiscal quarter (ending June 30) versus $2.20 for the same period a year ago — a decline of -1%. However, this result exceeded the consensus estimate of $2.00 by $0.18. For the latest four quarters through June 30, E.P.S. were $5.39 versus $7.49 for the same period a year ago — a decline of -28%.
Recent Price Action
State Street Corporation (NYSE: STT) stock enjoyed a very large increase of 7.4% on 7/16/24. The shares closed at $84.82. Moreover, this advance was accompanied by exceptionally high trading volume at 276% of normal. The stock has performed in line with the market over the last nine months and has risen 15.6% during the last week.
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 a Value Builder.
State Street has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. State Street has a slightly positive Power Rating of 60 and a very high Appreciation Score of 94, 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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