State Street (NYSE:STT) Bolsa

STATE STREET CORP

State Street

State Street is a leading provider of financial services, including investment servicing, investment management, and investment research and trading. With approximately $47 trillion in assets under custody and administration and $4.7 trillion assets under management as of Dec. 31, 2024, State Street operates globally in more than 100 geographic markets and employs about 53,000 worldwide.

Banks report positive earnings

Previews

JPMorgan, Citigroup y Wells Fargo presentan resultados sólidos en el 2T 2025, impulsados por ingresos netos por intereses y dividendos.

Temporada de resultados: JPMorgan, Citigroup y Wells Fargo lideran un sólido segundo trimestre

Earnings

News

Pre-Market Outlook

Markets

Trading Ideas

FAST

JBHT

QRVO

Aquí tienes cinco acciones estadounidenses que podrían llamar la atención de los inversores este viernes: FAST, JBHT, STT, QRVO y SLB.

5 acciones en el foco este viernes: FAST, JBHT, STT, QRVO y SLB

State Street Corp

StarTerra

Standard Uranium Ltd Ordinary Shares

STANDARD URANIUM LTD by Standard Uranium Ltd.

Standard Uranium Ltd

SMARTONE TELECOMM HLDGS by SmarTone Telecommunications Holdings Ltd.

SmarTone Telecommunications Holdings Ltd

Shattuck Labs Inc

STRUCTURAL MONITORING SYS by Structural Monitoring Systems PLC

SITO Mobile Ltd

SCHOTT PHARMA AG&CO KGAA by SCHOTT PHARMA AG & CO KGAA

Schott Pharma AG & CO KGaA

STRAITS TRADING UNSP/ADR by Straits Trading Company Ltd. (The)

Straits Trading Co Ltd

Splitit Payments Ltd

STRATEX OIL & GAS HLDG by Stratex Oil & Gas Holdings, Inc.

Stratex Oil & Gas Holdings Inc

State Street Corporation Depositary shares, each representing a 1/4,000th ownership interest in a share of Fixed-to-Floating Rate Non-Cumulative

Truist Securities analyst David Smith maintains State Street (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) with a Buy and lowers the price target from $122 to $116.

Price Target

Analyst Ratings

Truist Securities Maintains Buy on State Street, Lowers Price Target to $116

B of A Securities analyst Ebrahim Poonawala maintains State Street (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) with a Underperform and raises the price target from $106 to $109.

B of A Securities Maintains Underperform on State Street, Raises Price Target to $109

President&nbsp;Donald Trump&nbsp;is reportedly set&nbsp;to sign an executive order&nbsp;that would make it easier for U.S. retirement plans to invest in private-market assets.
What Happened:&nbsp;The executive order, expected to be signed in the next few days, would direct the Labor Department and the Securities and Exchange Commission to issue guidance for employers and plan administrators on incorporating investments such as private assets into 401(k) plans, <a href="https://www.wsj.com/finance/investing/trump-executive-order-to-help-open-up-401-k-s-to-private-markets-c90c6788?">reported</a>&nbsp;the Wall Street Journal.
The order is still under review and its details are not yet final. If implemented, it could potentially allow large private asset managers such as Apollo Global Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) and Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) to tap into the significant retirement savings held by workers without traditional pensions.
Although some retirement plan sponsors already allocate funds to private investments, many remain wary of potential employee lawsuits stemming from the higher fees tied to private-market products.
Industry executives believe that additional steps, such as action by Congress, will be needed to make companies more comfortable with including private-asset funds in employees&#8217; retirement plans.
Private-market fund managers have been urging the Trump administration to relax rules to allow easier inclusion of their products in retirement portfolios. Firms such as Apollo and State Street (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) have already launched target-date funds that incorporate a private-markets component.
SEE ALSO:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/07/46424764/trump-wishes-bitcoin-ethereum-xrp-happy-crypto-week-it-is-all-part-of-make-america-great-again" target="_blank" rel="noreferrer noopener">Trump Wishes Bitcoin, Ethereum, XRP &#8216;Happy Crypto Week!&#8217; — &#8216;It Is All Part Of Make America Great Again&#8217; &#8211; Benzinga</a>
Why It Matters: In May, the Financial Times reported that the Trump administration was considering a potential directive involving private funds in 401(k) retirement plans.
The move to open 401(k)s to private markets comes amid increasing <a href="https://www.benzinga.com/personal-finance/management/25/07/46372518/the-super-rich-have-a-new-favorite-alternative-investment-hint-its-not-cryptocurrency">interest in</a> private-market investments and reports of the world&#8217;s super-rich have shown a growing affinity for private credit offerings.
However, the decision to offer private equity as an investment option in workplace retirement plans has been met with criticism. Senator Elizabeth Warren (D-Mass) has <a href="https://www.benzinga.com/personal-finance/management/25/07/46391778/elizabeth-warren-grills-retirement-giant-empower-over-private-equity-in-401k-plans-how-you-would-shield-plan-participants">challenged Empower</a>, a major retirement plan provider, over its decision to include private equity investments for their employees.
Despite the criticism, Empower CEO Ed Murphy has defended the move, likening it to the introduction of 401(k) plans decades ago and emphasizing the importance of making private markets more accessible.
READ MORE: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/25/07/46381958/blackstone-gobbles-up-another-2-billion-in-commercial-real-estate-loans">Blackstone Gobbles Up Another $2 Billion In Commercial Real Estate Loans</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Trump Set To Sign Executive Order To Unlock 401(k) Access For Private Equity Giants Like Blackstone, Apollo: Report

The Nasdaq 100 surged to fresh record highs on Tuesday, breaking above the 23,000 mark as Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and other chipmakers powered a sharp rally. Investors cheered the news that Nvidia and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) would resume certain chip sales to China, even as they parsed quarterly results <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46420414/bank-earnings-performance-q2-citigroup-jpmorgan-blackrock-wells-fargo">from major U.S. banks.</a>
The iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>) climbed 1.6% to a new all-time high, extending its rally to 67% since the April lows.
Meanwhile, the White House confirmed that trade negotiations are ongoing with the EU, Japan, and South Korea, following the imposition of steep tariffs on imports from all three regions—measures that could trigger price surges starting in August.
On the macro front, U.S. inflation accelerated for a second straight month. The headline consumer price index rose 2.7% year-over-year in June, the highest since February and in line with expectations. However, core inflation, which strips out food and energy, came in slightly below forecasts at 2.9%, versus 3.0% expected.
The softer core reading reinforced market expectations for monetary easing, with futures now pricing in two rate cuts from the Federal Reserve by year-end.
Elsewhere in markets, the U.S. dollar index rose 0.44%, on track for a fourth consecutive daily gain. Gold dipped 0.7% to $3,325 per ounce, while silver slid 1.2%. 
In crypto, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell 2.8%, on pace for its worst daily loss since late May.
<h3 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg %</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>22,974.53</td>
<td>0.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,266.49</td>
<td>0.0%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,173.53</td>
<td>-0.6%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,224.92</td>
<td>-1.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 12:15 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul class="wp-block-list">
<li>The&nbsp;Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) flattened at $574.00.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) dropped 0.6% to $441.81.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rose 0.5% to $559.98.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) tumbled 1.1% to $220.65.</li>
<li>The&nbsp;Technology&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up 1.2%; the&nbsp;Materials&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) lagged, down 1.7%.</li>
</ul>
<h3 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h3>
<ul class="wp-block-list">
<li>BlackRock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) slid 5.8% after its second-quarter revenue came in just below Wall Street estimates.</li>
<li>Other stocks reacting to earnings included JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), down 0.6%, Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), up 2.3%, Wells Fargo Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), down 5%, State Street Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>), down 3%. </li>
<li>Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) dropped 8.1% after CFO Karyn Ovelmen resigned, effective July 11, 2025, with Peter Wexler named interim CFO.</li>
<li>MP Materials Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>) soared 25% after Apple announced a $500 million deal to purchase rare-earth magnets from the company.</li>
</ul>
Now read:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/earnings/25/07/46416888/jpmorgan-q2-earnings-dimon-warns-tariffs-risks">JPMorgan Q2 Highlights: Investment Banking Revenue Jumps, Dimon Warns Of Tariffs And Geopolitical Risk</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Equities

Large Cap

$BTC

SPDR Dow Jones Industrial Average ETF Trust

NVDA

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Tech Stocks Hit New Highs As AI Momentum Builds: What's Moving Markets Tuesday?

WIIM

State Street shares are trading lower after the company reported worse-than-expected Q2 EPS results.

State Street Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) shares are trading lower on Tuesday <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">after reporting second-quarter results.</a>
The company <a href="https://s203.q4cdn.com/888565246/files/doc_financials/2025/q2/STT-2Q25-Earnings-Press-Release-vFinal.pdf" target="_blank" rel="noreferrer noopener">reported </a>adjusted earnings per share of $2.53, beating the analyst consensus estimate of $2.37. Quarterly sales of $3.448 billion (+8% year over year) outpaced <a href="https://www.benzinga.com/earnings">the Street view of $3.347 billion</a>.
Investment Management AUM as of quarter-end increased 17% to $5.1 trillion, mainly driven by higher quarter-end market levels and net inflows.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/25/07/46396595/jpmorgan-citi-to-kick-off-bank-earnings-as-wall-street-sees-profit-boom" rel="noreferrer noopener">JPMorgan, Citi To Kick Off Bank Earnings As Wall Street Sees Profit Boom</a>
This figure includes the Assets Under Management of the SPY ETF, one of the company's flagship offerings. The SPY ETF, which tracks the S&amp;P 500 index, reported an AUM of $642.13 billion as of July 14, 2025. State Street serves as the trustee of the SPDR S&amp;P 500 ETF Trust, with PDR Services LLC acting as its sponsor.
Fee revenue increased 11%, reflecting broad-based strength across the franchise. Excluding notable items, fee revenue increased 12%.
&#8220;In second quarter, we achieved a sixth straight quarter of positive year-over-year total operating leverage, excluding notable items, generated near-record sales in Investment Services, surpassed $5 trillion in AUM at State Street Investment Management and generated record FX trading client volumes,&#8221; said CEO Ron O&#8217;Hanley.
&#8220;The results of the Federal Reserve&#8217;s stress test reaffirm our financial strength, and we were pleased to announce a planned 11% increase in our per share quarterly common stock dividend,&#8221; the CEO added.
Net interest income fell 1% year over year to $729 million, primarily driven by lower average short-end rates and deposit mix shift, partially offset by continued loan growth and securities portfolio repricing.
Total provision for credit losses was $30 million in the second quarter, mainly due to the evolving macroeconomic environment and an increase in loan loss reserves associated with certain commercial real estate loans.
Total expenses increased 11%, primarily driven by $100 million workforce rationalization and $18 million Alpha-related client rescoping notable items.
Price Action: STT shares are trading lower by 3.84% to $105.65&nbsp;at last check Tuesday.
Read now:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46381861/us-stocks-to-buy-in-q3-2025-wall-street" target="_blank" rel="noreferrer noopener">Bank Of America Loves These 8 Stocks For Third Quarter—And Says To Dump These 2 Fast</a></li>
</ul>

Movers

General

SPY Issuer State Street's Q2 Beat Overshadowed By Rising Costs, Dwindling Net Interest Income

Earnings Beats

State Street Q2 Adj. EPS $2.53 Beats $2.37 Estimate

State Street Investment Management AUM Increased 17% To $5.1T, Fee Revenue Increased 11%

State Street (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) reported quarterly earnings of $2.17 per share which missed the analyst consensus estimate of $2.35 by 7.7 percent. This is a 0.93 percent increase over earnings of $2.15 per share from the same period last year. The company reported quarterly sales of $3.448 billion which beat the analyst consensus estimate of $3.347 billion by 3.00 percent. This is a 8.05 percent increase over sales of $3.191 billion the same period last year.

Earnings Misses

State Street Q2 EPS $2.17 Misses $2.35 Estimate, Sales $3.448B Beat $3.347B Estimate

<h3>Companies Reporting Before The Bell</h3>
• Telefonaktiebolaget L M (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) is projected to report quarterly earnings at $0.12 per share on revenue of $5.94 billion. 
• State Street (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) is projected to report quarterly earnings at $2.38 per share on revenue of $3.35 billion. 
• Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) is expected to report quarterly earnings at $1.62 per share on revenue of $20.89 billion. 
• BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) is estimated to report quarterly earnings at $10.67 per share on revenue of $5.41 billion. 
• Wells Fargo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) is likely to report quarterly earnings at $1.41 per share on revenue of $20.74 billion. 
• JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) is projected to report quarterly earnings at $4.49 per share on revenue of $43.91 billion. 
• Bank of New York Mellon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) is likely to report quarterly earnings at $1.74 per share on revenue of $4.83 billion. 
• AngioDynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGO#NASDAQ">ANGO</a>) is estimated to report quarterly loss at $0.12 per share on revenue of $74.37 million. 
• Albertsons Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) is estimated to report quarterly earnings at $0.52 per share on revenue of $24.70 billion. 
<h3>Companies Reporting After The Bell</h3>
• JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) is estimated to report quarterly earnings at $1.33 per share on revenue of $2.93 billion. 
• Pinnacle Finl Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>) is likely to report quarterly earnings at $1.90 per share on revenue of $494.93 million. 
• Omnicom Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>) is likely to report quarterly earnings at $2.02 per share on revenue of $3.96 billion. 
• Kestra Medical Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KMTS#NASDAQ">KMTS</a>) is projected to report quarterly loss at $0.53 per share on revenue of $15.69 million. 
• Hancock Whitney (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWC#NASDAQ">HWC</a>) is estimated to report quarterly earnings at $1.35 per share on revenue of $374.15 million. 
• Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) is expected to report quarterly earnings at $0.44 per share on revenue of $321.86 million. 
• Castellum (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CTM#AMEX">CTM</a>) is estimated to report quarterly earnings at $0.00 per share on revenue of $13.45 million. 
• Calamos Glb Total (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGO#NASDAQ">CGO</a>) is estimated to report earnings for its third quarter. 
• Park Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKE#NYSE">PKE</a>) is likely to report earnings for its first quarter. 
• Rocky Mountain Chocolate (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMCF#NASDAQ">RMCF</a>) is projected to report earnings for its first quarter. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ANGO

ERIC

FULT

KMTS

PNFP

RMCF

Earnings Scheduled For July 15, 2025

Big bank earnings season kicks off Tuesday, July 15, with key industry heavyweight JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) and Wells Fargo Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) headlining a crucial reporting day for financials, as Wall Street eyes a rebound in quarterly profits fueled by stronger net interest income and <a href="https://www.benzinga.com/topic/expert-ideas">healthy capital markets activity.</a>
Here's what to expect as the second-quarter 2025 numbers roll in before the bell.
<h3 class="wp-block-heading">Bank Profits Growth Expected </h3>
Wall Street expects a strong quarter for major banks, with JPMorgan Chase &amp; Co. forecast to deliver earnings per share (EPS) of $4.48 in the second quarter, a modest 1.8% increase from $4.40 a year ago. Revenue is projected at $44.17 billion, reflecting a pullback from last year's $50.2 billion.
Citigroup is expected to post more robust growth, with EPS projected to rise 6.6% year over year to $1.62 from $1.52. Revenue is also expected to improve slightly to $20.89 billion, up 3.9% from last year's Q2.
Wells Fargo is forecast to earn $1.40 per share, a 5.3% increase over the prior-year quarter. Revenue is expected to remain flat at $20.78 billion, indicating stable core banking performance despite macroeconomic headwinds.
BlackRock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), although not a traditional bank, is poised for a solid performance in asset management, with EPS expected to reach $10.80, representing a 4.2% increase over last year. Revenues are projected to be $5.34 billion, representing an 11% increase.
Other names in focus include Bank of New York Mellon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>), expected to post EPS of $1.76 on $4.83 billion in revenue, and State Street Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>), which is projected to earn $2.37 per share on $3.35 billion in revenue—both reflecting ongoing resilience in custody and asset servicing segments.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Bank Name</th>
<th>Estimated EPS</th>
<th>Estimated Revenue</th>
</tr>
</thead>
<tbody>
<tr>
<td>JPMorgan Chase</td>
<td>4.48</td>
<td>$44.17B</td>
</tr>
<tr>
<td>Citigroup</td>
<td>1.62</td>
<td>$20.89B</td>
</tr>
<tr>
<td>Wells Fargo</td>
<td>1.40</td>
<td>$20.78B</td>
</tr>
<tr>
<td>BlackRock</td>
<td>10.80</td>
<td>$5.34B</td>
</tr>
<tr>
<td>Bank of New York Mellon</td>
<td>1.76</td>
<td>$4.83B</td>
</tr>
<tr>
<td>State Street</td>
<td>2.37</td>
<td>$3.35B</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a></figcaption></figure>
<h2 class="wp-block-heading">Banks To Step Up Shareholder Returns</h2>
The positive earnings outlook follows banks passing the Federal Reserve's June stress tests with ease, prompting widespread dividend hikes.
The median dividend per share across major banks rose 7%, with standouts like Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) lifting its quarterly payout 33% to $4.00.
JPMorgan raised its dividend by 7% to $1.50 and authorized a massive $50 billion stock buyback program.
Citigroup boosted its dividend by 7% and continues its $20 billion multi-year repurchase plan.
<h2 class="wp-block-heading">Analyst Views: Where's The Opportunity?</h2>
Goldman Sachs analyst Richard Ramsden said Wells Fargo and Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) offer the best earnings upside for investors heading into 2026.
He sees Bank of America's net interest income (NII) growing 7% annually through 2026, outperforming large bank peers, driven by stronger loan growth, favorable asset sensitivity and lower deposit costs. "We view BAC&#8217;s current ~1.5x 2026E price-to-tangible book value as attractive," Ramsden said.
For Wells Fargo, the recent removal of its asset cap opens the door to deposit growth, capital markets expansion and cost savings. Ramsden believes these factors could boost earnings by as much as 19% and push return on tangible common equity (ROTCE) to as high as 17.3%.
Bank of America analyst Ebrahim Poonawala echoed bullish sentiment, saying the sector could see &#8220;positive EPS revisions and further stock re-rating&#8221; if capital expenditures and client activity pick up.
He flagged Citigroup, Wells Fargo, and Goldman Sachs as offering the best risk-reward among money center banks.
<h2 class="wp-block-heading">What's At Stake For Investors?</h2>
With the Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) up more than 8% year-to-date, bank stocks have already benefited from a more stable rate environment and strong capital positions.
However, any surprises in loan demand, expense growth, or trading revenue could quickly swing sentiment.
Tuesday&#8217;s results will set the tone for the rest of earnings season and could determine whether banks still have room to run, or whether Wall Street has already priced in the rebound.
Read now: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46381861/us-stocks-to-buy-in-q3-2025-wall-street">Bank Of America Loves These 8 Stocks For Third Quarter—And Says To Dump These 2 Fast</a></li>
</ul>

JPMorgan, Citi To Kick Off Bank Earnings As Wall Street Sees Profit Boom

State Street (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) is preparing to release its quarterly earnings on Tuesday, 2025-07-15. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect State Street to report an earnings per share (EPS) of $2.38.
State Street bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.03, which was followed by a 0.0% drop in the share price the next day.
Here's a look at State Street's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.01</td>
<td>2.44</td>
<td>2.12</td>
<td>2.03</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.04</td>
<td>2.60</td>
<td>2.26</td>
<td>2.15</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.0%</td>
<td>-3.0%</td>
<td>1.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2025/1752501708_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of State Street were trading at $109.56 as of July 11. Over the last 52-week period, shares are up 29.08%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Insights Shared by Analysts on State Street</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding State Street.
Analysts have provided State Street with 12 ratings, resulting in a consensus rating of Outperform. The average one-year price target stands at $112.08, suggesting a potential 2.3% upside.
<h3>Understanding Analyst Ratings Among Peers</h3>
In this comparison, we explore the analyst ratings and average 1-year price targets of T. Rowe Price Group, Franklin Resources and Blue Owl Capital, three prominent industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>Analysts currently favor an Neutral trajectory for T. Rowe Price Group, with an average 1-year price target of $95.33, suggesting a potential 12.99% downside.</li>
<li>Analysts currently favor an Neutral trajectory for Franklin Resources, with an average 1-year price target of $21.88, suggesting a potential 80.03% downside.</li>
<li>Analysts currently favor an Outperform trajectory for Blue Owl Capital, with an average 1-year price target of $22.07, suggesting a potential 79.86% downside.</li>
</ul>
<h3>Comprehensive Peer Analysis Summary</h3>
The peer analysis summary outlines pivotal metrics for T. Rowe Price Group, Franklin Resources and Blue Owl Capital, demonstrating their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ares Management</td>
<td>Outperform</td>
<td>53.92%</td>
<td>$431.68M</td>
<td>0.86%</td>
</tr>
<tr>
<td>T. Rowe Price Group</td>
<td>Neutral</td>
<td>0.78%</td>
<td>$922M</td>
<td>4.61%</td>
</tr>
<tr>
<td>Franklin Resources</td>
<td>Neutral</td>
<td>-1.92%</td>
<td>$1.67B</td>
<td>1.11%</td>
</tr>
<tr>
<td>Blue Owl Capital</td>
<td>Outperform</td>
<td>33.14%</td>
<td>$357.55M</td>
<td>0.33%</td>
</tr>
</tbody>
</table>

Key Takeaway:
State Street ranks at the top for Gross Profit and Return on Equity among its peers. It is in the middle for Revenue Growth.
<h3>Get to Know State Street Better</h3>
State Street is a leading provider of financial services, including investment servicing, investment management, and investment research and trading. With approximately $47 trillion in assets under custody and administration and $4.7 trillion assets under management as of Dec. 31, 2024, State Street operates globally in more than 100 geographic markets and employs about 53,000 worldwide.
<h3>Financial Insights: State Street</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: State Street's remarkable performance in 3 months is evident. As of 31 March, 2025, the company achieved an impressive revenue growth rate of 4.65%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Financials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 18.18%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 2.62%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): State Street's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.16%, the company may face hurdles in achieving optimal financial performance.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.59, caution is advised due to increased financial risk.
<a href="https://www.benzinga.com/quote/STT/earnings">To track all earnings releases for State Street visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Peek at State Street's Future Earnings

Wells Fargo analyst Mike Mayo maintains State Street (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) with a Overweight and raises the price target from $113 to $121.

Wells Fargo Maintains Overweight on State Street, Raises Price Target to $121

State Street Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) will release earnings results for the second quarter, before the <a href="https://www.benzinga.com/quote/stt/earnings">opening bell on Tuesday, July 15.</a>
Analysts expect the Boston, Massachusetts-based company to report quarterly earnings at $2.39 per share, up from $2.15 per share in the year-ago period. State Street projects to report quarterly revenue at $3.33 billion, compared to $3.19 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On July 1, State Street increased its quarterly cash dividend from 76 cents to 84 cents per share.
State Street shares gained 0.8% to close at $110.31 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/stt/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Truist Securities analyst David Smith maintained a Buy rating and raised the price target from $112 to $122 on July 3, 2025. This analyst has an accuracy rate of 72%.</li>
<li>Goldman Sachs analyst Alexander Blostein maintained a Buy rating and increased the price target from $98 to $111 on July 2, 2025. This analyst has an accuracy rate of 72%.</li>
<li>Evercore ISI Group analyst Glenn Schorr maintained an Outperform rating and raised the price target from $102 to $115 on July 2, 2025. This analyst has an accuracy rate of 71%.</li>
<li>Citigroup analyst Keith Horowitz maintained a Neutral rating and increased the price target from $100 to $115 on July 2, 2025. This analyst has an accuracy rate of 77%.</li>
<li>Morgan Stanley analyst Betsy Graseck maintained an Overweight rating and raised the price target from $110 to $114 on July 1, 2025. This analyst has an accuracy rate of 61%.</li>
</ul>
Considering buying STT stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/STT/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="577" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07023458/image-54-1024x577.png" alt="" class="wp-image-974116" style="width:694px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07023458/image-54-1024x577.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07023458/image-54-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07023458/image-54-768x433.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07023458/image-54.png 1155w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read This Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46243448/cramer-doesnt-recommend-titan-international-joby-aviation-soars-after-milestone-flight">Cramer Doesn&#8217;t Recommend Titan International, Joby Aviation Soars After Milestone Flight</a> </li>
</ul>
Photo via Shutterstock

State Street Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Truist Securities analyst David Smith maintains State Street (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) with a Buy and raises the price target from $112 to $122.

Truist Securities Maintains Buy on State Street, Raises Price Target to $122

State Street's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) short percent of float has risen 10.64% since its last report. The company recently reported that it has 3.92 million shares sold short, which is 1.56% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.97 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>State Street Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1751486423_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for State Street has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing State Street's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, State Street's peer group average for short interest as a percentage of float is 3.74%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

What Does the Market Think About State Street?

Across the recent three months, 11 analysts have shared their insights on State Street (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">6</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $107.82, along with a high estimate of $120.00 and a low estimate of $85.00. Surpassing the previous average price target of $106.55, the current average has increased by 1.19%.
<img src="https://www.benzinga.com/files/images/story/2025/1751480165_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The standing of State Street among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Alexander Blostein</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$111.00</td>
<td>$98.00</td>
</tr>
<tr>
<td>Glenn Schorr</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$115.00</td>
<td>$102.00</td>
</tr>
<tr>
<td>Keith Horowitz</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$115.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Betsy Graseck</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$114.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Betsy Graseck</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$110.00</td>
<td>$107.00</td>
</tr>
<tr>
<td>David Smith</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$112.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>David Konrad</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$113.00</td>
<td>$118.00</td>
</tr>
<tr>
<td>David Smith</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$85.00</td>
<td>$89.00</td>
</tr>
<tr>
<td>Jason Goldberg</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$120.00</td>
<td>$127.00</td>
</tr>
<tr>
<td>Betsy Graseck</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$102.00</td>
<td>$132.00</td>
</tr>
<tr>
<td>David Smith</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$89.00</td>
<td>$104.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to State Street. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of State Street compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for State Street's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
For valuable insights into State Street's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/STT/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on State Street analyst ratings.</a>
<h2>All You Need to Know About State Street</h2>
State Street is a leading provider of financial services, including investment servicing, investment management, and investment research and trading. With approximately $47 trillion in assets under custody and administration and $4.7 trillion assets under management as of Dec. 31, 2024, State Street operates globally in more than 100 geographic markets and employs about 53,000 worldwide.
<h3>State Street's Financial Performance</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3M period, State Street showcased positive performance, achieving a revenue growth rate of 4.65% as of 31 March, 2025. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Financials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: State Street's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 18.18%, the company may face hurdles in effective cost management.
Return on Equity (ROE): State Street's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.62%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): State Street's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.16%, the company may face hurdles in achieving optimal financial performance.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.59, caution is advised due to increased financial risk.
<h2>Analyst Ratings: What Are They?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Where State Street Stands With Analysts

Goldman Sachs analyst Alexander Blostein maintains State Street (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) with a Buy and raises the price target from $98 to $111.

Goldman Sachs Maintains Buy on State Street, Raises Price Target to $111

Evercore ISI Group analyst Glenn Schorr maintains State Street (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) with a Outperform and raises the price target from $102 to $115.

Evercore ISI Group Maintains Outperform on State Street, Raises Price Target to $115

Citigroup analyst Keith Horowitz maintains State Street (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) with a Neutral and raises the price target from $100 to $115.

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