
State Street Corporation (NYSE: STT) reported its fourth-quarter and full-year 2024 financial results, revealing an adjusted earnings per share (EPS) of $2.60, surpassing the estimated $2.43. The company's revenue for the quarter was $3.41 billion, exceeding the forecast of $3.32 billion. Net income stood at $783 million, with a record net interest income of $749 million. The firm also reported $64 billion in quarterly net inflows and total assets under management (AUM) of $4.7 trillion. However, AUM fell short of the expected $4.88 trillion. The net interest margin was recorded at 1.07%, slightly below the estimate of 1.08%. Overall, the results indicate strong fee revenue growth despite some shortfalls in AUM and net flows compared to estimates.
$STT (-2.5% pre) State Street Corporation (NYSE: STT) Reports Fourth-Quarter and Full-Year 2024 Financial Results https://t.co/pmxvBojEe9
State Street Corporation, $STT, Q4 FY24 Results: 📊 Adj. EPS: $2.60 🟢 💰 Revenue: $3.41B 🟢 📈 Net Income: $783M 🔍 Record NII and $64B quarterly net inflows with strong fee revenue growth.
$STT Earnings: - EPS: $2.46; $2.60 excluding notable items - Net income of $783 million - Revenue: $3.4 billion - Investment Servicing AUC/A as of quarter-end increased 11% to $46.6 trillion, primarily driven by higher quarter-end market levels and flows - Investment Management… https://t.co/hXf65YI4gE