State Street Stock Is Surging After Beating Estimates. Here's Why. -- Barrons.com
State Street Stock Is Surging After Beating Estimates. Here's Why. -- Barrons.com
DJ State Street Stock Is Surging After Beating Estimates. Here's Why. -- Barrons.com
DJ 在擊敗估計後，州街股市在飆升。這就是為什麼。-巴龍
By John Coumarianos
由約翰·庫馬里亞諾斯
State Street stock is surging this morning after beating Wall Street estimates.
在擊敗華爾街估計後，州街股票今天早上激增。
Shares of State Street (ticker: STT) are up more than 4% Friday morning. The stock is up 19% from Jan. 17, 2019 through yesterday's close, compared with the S&P 500's 29% rise, including dividends, over the same period.
州街（股票代碼：STT）的股票上漲了 4% 以上星期五早上。股票從 2019 年 1 月 17 日至昨日收盤上漲 19%，而標普 500 指數的上漲 29%，包括股息在內，在同期。
The firm reported earnings-per-share for the fourth quarter of 2019 of $1.73 on Friday. Fee revenue increased for the quarter to $2.37 billion from $2.33 billion for the same quarter in 2018 for a 1.8% increase. Expenses declined for the quarter by 8.8% to $2.27 billion from $2.49 billion for the same quarter in 2018.
該公司在周五報告了 2019 年第四季度的每股盈利為 1.73 美元。本季的服務費收入由二零一八年同季的 23,300 億美元增加至 237 億元，增幅為 1.8%。本季的支出由 2018 年同季的 249 億美元下降 8.8% 至 227 億美元。
Quarterly profit and revenue exceeded analysts' average estimates, according to FactSet.
根據 FactSet 指出，季度利潤和收入超過分析師的平均預估值。
For the year, the firm's total revenue was $9.2 billion, a decline from $9.5 billion in 2018. Diluted earnings per share also declined in 2019 to $5.75 from $6.39 in 2018. However, in the three years prior to 2018, diluted earnings per share were $5.19, $4.96, and $4.45.
今年，該公司的總收入為 92 億美元，較 2018 年的 95 億美元下降。二零一九年每股攤薄盈利亦由二零一八年的 6.39 美元下降至 5.75 美元。然而，在二零一八年之前的三年內，每股攤薄盈利分別為 5.19 美元、4.96 美元和 4.45 美元。
State Street and Bank of New York Mellon are rivals in the asset custody business, and both have been trying to modernize their systems.
州街和紐約梅隆銀行是資產託管業務的競爭對手，兩者都在努力實現其系統現代化。
State Street is also the third largest provider of exchange-traded funds (ETFs), a fast-growing business benefiting from investor migration from traditional actively managed mutual funds to index funds. ETFs are more tax-efficient than mutual funds, and trade throughout the day instead of once at market close like traditional mutual funds.
State Street 也是第三大交易所交易基金（ETF）供應商，這是一家快速增長的業務，受益於投資者從傳統的積極管理共同基金轉移到指數基金。ETF 比共同基金更具稅收效益，可以全天進行交易，而不是像傳統共同基金一樣在市場接近一次。
State Street reported net inflows of $103 billion in 2019, bringing its assets under management (AUM) to $3.1 trillion in the quarter. Its rival in the ETF business, BlackRock, recently reported that it crossed the $7 trillion mark in AUM.
州街公佈 2019 年的淨流入達到 103 億美元，使其資產管理（AUM）在本季度達到 3.1 萬億美元。其在 ETF 業務的競爭對手貝萊德（BlackRock）最近報告稱，該公司在資產管理規模中超過了 7 萬億美元大關。
Fund-research firm Morningstar reports "net flow" data, taking into consideration inflows and outflows. It reported State Street's net flows at around $19 billion in 2019 versus more than $100 billion for Vanguard and BlackRock.
基金研究公司晨星報告「淨流量」數據，考慮到流入和流出。據報導，2019 年州街的淨流量約為 190 億美元，而先鋒和貝萊德則超過 1000 億美元。
"We are pleased with these results and our improving performance which reflect hard work and better execution across the organization," said CEO Ron O'Hanley in a statement.
執行長 Ron O'Hanley 在一份聲明中表示：「我們對這些結果以及我們的改進表現感到滿意，這反映了整個組織的辛勤工作和更好的執行力。
Write to John Coumarianos at john.coumarianos@barrons.com
寫信給約翰·庫馬里亞諾斯 john.coumarianos@barrons.com
(END) Dow Jones Newswires
(完) 道瓊斯通訊社
January 17, 2020 10:49 ET (15:49 GMT)
二零二零年一月十七日（格林威治標準時間 15:49）
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