KBW analyst David Konrad maintains $State Street (STT.US)$ with a hold rating, and adjusts the target price from $97 to $105.
According to TipRanks data, the analyst has a success rate of 73.7% and a total average return of 22.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $State Street (STT.US)$'s main analysts recently are as follows:
State Street's earnings surpassed expectations following a strong performance in fees and net interest income, although expenses were slightly above anticipated levels. The provision figures aligned with forecasts.
State Street demonstrated improved core servicing growth for the quarter, despite experiencing higher expense growth, which is a positive indication compared to the trends observed over the past two years. Their guidance was revised upwards, prompting a reassessment and increase in estimates.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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