State Street Earnings: Amid Decent Quarter, Elevated Expectations
State Street reported a solid third quarter with 13% revenue growth (11% fee revenue growth) with 33% EPS growth. Shares traded 8% lower during the day.
State Street reported a solid third quarter with 13% revenue growth (11% fee revenue growth) with 33% EPS growth. Shares traded 8% lower during the day.
With Charles River Development, State Street’s front-to-back offerings (branded as State Street Alpha) offer competitive advantages and should lead to a greater wallet share of clients and stickier client relationships.
Fee compression and lower margins in the asset management industry could result in pricing pressure accelerating. Pricing pressure can also manifest itself in higher funding costs on deposits.
|
Metric
|
STT
|
JPM
|
NTRS
|
|---|---|---|---|
Price/Earnings (Normalized) | 13.70 | 13.78 | 13.37 |
Price/Book Value | 1.86 | 2.51 | 2.46 |
Price/Sales | 3.05 | 4.52 | 3.35 |
Price/Cash Flow | 9.98 | 10.19 | 12.19 |
|
Metric
|
STT
|
JPM
|
NTRS
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
|
Metric
|
STT
|
JPM
|
NTRS
|
|---|---|---|---|
Return on Assets (Normalized) | — | — | — |
Return on Equity (Normalized) | — | — | — |
Return on Invested Capital (Normalized) | — | — | — |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| BlackRock Inc
BLK
| LOCK|!T@$%@h | LOCK|Xz> | $173B | |||
| Blackstone Inc
BX
| LOCK|KrlYLDW | LOCK|!q | $94B | |||
| KKR & Co Inc Ordinary Shares
KKR
| LOCK|FHxh&$ | LOCK|w&$# | $82B | |||
| Brookfield Asset Management Ltd Ordinary Shares - Class A
BAM
| LOCK|rJTN#? | LOCK|qk%% | $75B | |||
| Apollo Global Management Inc
APO
| LOCK|LyZQnm | LOCK|dTV? | $67B | |||
| Ameriprise Financial Inc
AMP
| LOCK|tlsR$qK | LOCK|$zNPz | $43B | |||
| Northern Trust Corp
NTRS
| LOCK|y!nxKxp^ | LOCK|@lv | $31B | |||
| Raymond James Financial Inc
RJF
| LOCK|>Y^zZ<> | LOCK|&@Nfx | $30B | |||
| Ares Management Corp Ordinary Shares - Class A
ARES
| LOCK|#&RJ@y | LOCK|Qj?X | $28B |