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Barchart
Barchart
Aditya Sarawgi

What to Expect From State Street's Next Quarterly Earnings Report

State Street STT

Boston, Massachusetts-based State Street Corporation (STT) provides a range of financial products and services to various types of investors worldwide. With a market cap of $32.8 billion, State Street serves asset managers, retirement plan providers, insurance companies, foundations, and more.

The financial sector major is expected to unveil its third-quarter results before the market opens on Friday, Oct. 17. Ahead of the event, analysts expect STT to deliver a profit of $2.57 per share, up 13.7% from $2.26 per share reported in the year-ago quarter. Further, the company has a solid earnings surprise history. It has surpassed the Street’s bottom-line estimates in each of the past four quarters.

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