On Oct 16, major Wall Street analysts update their ratings for $State Street (STT.US)$, with price targets ranging from $94 to $108.
Morgan Stanley analyst Betsy Graseck maintains with a hold rating, and adjusts the target price from $100 to $102.
Goldman Sachs analyst Alexander Blostein maintains with a buy rating, and adjusts the target price from $100 to $106.
Barclays analyst Jason Goldberg maintains with a buy rating, and adjusts the target price from $103 to $108.
Wells Fargo analyst Mike Mayo maintains with a buy rating, and adjusts the target price from $98 to $106.
Evercore analyst Glenn Schorr maintains with a buy rating, and adjusts the target price from $91 to $94.
Furthermore, according to the comprehensive report, the opinions of $State Street (STT.US)$'s main analysts recently are as follows:
State Street's recent performance, characterized by a beat and raise in both net interest income and fees, along with a third consecutive quarter of year-over-year positive total operating leverage, has led to an increase in the EPS forecasts for the coming years.
Following the Q3 report, it was observed that the company's earnings surpassed expectations, driven by fees and net interest income that outperformed forecasts. However, it was noted that expenses were slightly above the anticipated figures, and provisions met predictions.
State Street demonstrated enhanced core servicing growth in the recent quarter, although it also experienced increased expense growth. This is seen as a positive development compared to the general trend over the past two years. With guidance being revised upwards, estimates have also been adjusted accordingly.
Here are the latest investment ratings and price targets for $State Street (STT.US)$ from 8 analysts:
Note:
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