Rising Rates And Earnings Growth Will Send State Street To A New All-Time High
Posted on September 29th, by Mitchell Warren in Free Articles, Options Risk Management, Trade Ideas. Comments Off on Rising Rates And Earnings Growth Will Send State Street To A New All-Time High
Rising Rates And Earnings Growth Will Send State Street To A New All-Time High
State Street (NYSE:STT), a $31B investment banking company, reported Q2 EPS of $1.39 per share vs the $1.26 per share consensus Wall Street estimate on July 22nd (12% year over year increase). Revenue rose 4% to $2.68B from Q2 2013 and beat analyst estimates of $2.60B. Fee revenue (servicing and management fees) was the biggest driver in the quarter, increasing 5% to $2.10B. This is also factoring in the weak trading revenue environment across the entire investment management landscape… Click here to read more on my article on State Street for Seeking Alpha.
