State Street: Q4 Earnings Insights

Shares of State Street (NYSE:STT) moved lower by 1% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share decreased 14.65% year over year to $1.69, which beat the estimate of $1.56.

Revenue of $2,917,000,000 decreased by 4.30% year over year, which beat the estimate of $2,820,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

State Street hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Jan 19, 2021

Time: 10:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/stt/mediaframe/42689/indexr.html

Price Action

Company's 52-week high was at $85.89

52-week low: $42.10

Price action over last quarter: Up 19.94%

Company Profile

State Street is a leading provider of financial services, including investment servicing, investment management, and investment research and trading. With approximately $36 trillion in assets under custody and administration and $3.1 trillion assets under management as of Sept. 30, 2020, State Street operates globally in more than 100 geographic markets and employs more than 38,000 worldwide.