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Sohini Mondal

Earnings Preview: What to Expect From State Street Corporation's Report

State Street Corporation STT

With a market cap of $28.8 billion, Boston, Massachusetts-based State Street Corporation (STT) is a leading financial holding company serving institutional investors worldwide. The company provides various investment servicing, investment management, and data and analytics solutions through its principal banking subsidiary, State Street Bank. STT is expected to unveil its fiscal Q4 earnings results before the market opens on Friday, Jan. 17.

Before the event, analysts anticipated the financial services firm to report a profit of $2.34 per share, up 14.7% from $2.04 per share in the same quarter last year. The company has consistently surpassed Wall Street's earnings projections over the previous four quarters. In the most recent quarter, STT exceeded the consensus estimate by an 8.7% margin. 

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