State Street Analysts Increase Their Forecasts After Strong Earnings
State Street Analysts Increase Their Forecasts After Strong Earnings
State Street Corporation (NYSE:STT) reported better-than-expected second-quarter results on Tuesday.
道富銀行(NYSE:STT)週二公佈了超預期的第二季度業績。
The company posted quarterly revenues of $3.191 billion, an increase of 2.6% year over year and beating the consensus of $3.146 billion. EPS of $2.15 topped the consensus estimate of $2.03, according to data from Benzinga Pro.
該公司第二季度營收爲319.1億美元，同比增長2.6％，超出了314.6億美元的共識。根據Benzinga Pro的數據，每股收益爲2.15美元，超出了2.03美元的共識預期。
Net interest income increased 6% year-over-year to $735 million, primarily due to higher investment securities yields and loan growth, partially offset by a shift in deposit mix. Investment Management AUM increased 16% Y/Y to $4.4 trillion as of quarter-end, primarily due to higher quarter-end market levels.
由於投資證券收益和貸款增長，以及存款結構的變化，淨利息收入同比增長6％，達到7.35億美元。截至季末，投資管理AUm同比增長16％，達到4.4萬億美元，主要得益於季末市場水平的提高。
"Productivity improvement remains a fundamental component of our strategic agenda. In 2Q, we completed the consolidation of our final operations joint venture in India, which will further enable the transformation of our operating model, unlock efficiency savings, and improve client experience," commented Ron O'Hanley, Chairman and Chief Executive Officer.
道富銀行董事長兼首席執行官Ron O'Hanley評論道：“提高生產率仍然是我們戰略議程的一個基本組成部分。在第二季度，我們完成了在印度的最後合資企業的整合，這將進一步促進我們的運營模式轉型，釋放效率節約，並改善客戶體驗。
State Street shares fell 0.4% to trade at $84.50 on Wednesday.
週三，道富銀行股價下跌0.4％，報84.50美元。
These analysts made changes to their price targets on State Street after the company released quarterly results.
這些分析師在公司發佈季度業績後對道富銀行的目標價進行了調整。
- B of A Securities analyst Ebrahim Poonawala maintained State Street with an Underperform rating and raised the price target from $85 to $96.
- RBC Capital analyst Gerard Cassidy maintained the stock with a Sector Perform rating, while increasing the price target from $85 to $91.
- Evercore ISI Group analyst Glenn Schorr maintained State Street with an Outperform rating, while raising the price target from $88 to $91.
- Deutsche Bank analyst Brian Bedell maintained the stock with a Hold rating and boosted the price target from $75 to $80.
- Barclays analyst Jason Goldberg maintained State Street with an Overweight rating and raised the price target from $102 to $103.
- Goldman Sachs analyst Alexander Blostein maintained the stock with a Buy rating, while increasing the price target from $89 to $98.
- Morgan Stanley analyst Connor Lynagh maintained State Street with an Equal-Weight rating, while raising the price target from $90 to $93.
- 美國銀行證券分析師Ebrahim Poonawala將道富銀行的評級維持爲Underperform，將目標價從85美元上調至96美元。
- RBC資本分析師Gerard Cassidy將該股評級維持爲板塊表現，同時將目標價從85美元上調至91美元。
- Evercore ISI集團分析師Glenn Schorr將道富銀行的評級維持爲Outperform，同時將目標價從88美元上調至91美元。
- 德意志銀行分析師Brian Bedell將該股評級維持爲Hold，並將目標價從75美元上調至80美元。
- 巴克萊銀行分析師Jason Goldberg將道富銀行的評級維持爲Overweight，並將目標價從102美元上調至103美元。
- 高盛分析師Alexander Blostein將該股評級維持爲Buy，並將目標價從89美元上調至98美元。
- 大摩資源LOF分析師Connor Lynagh將道富銀行的評級維持爲Equal-Weight，同時將目標價從90美元上調至93美元。
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譯文內容由第三人軟體翻譯。