State Street (STT) reported earnings on Fri 18 Oct 2019 (b/o)

** charts after earnings **

 

State Street beats by $0.02, beats on revs

Reports Q3 (Sep) earnings of $1.42 per share, $0.02 better than the S&P Capital IQ Consensus of $1.40; revenues fell 2.9% year/year to $2.9 bln vs the $2.86 bln S&P Capital IQ Consensus.

Net interest income (NII) decreased 4% primarily due to lower long-end rates and MBS premium amortization, as well as mix shift away from non-interest bearing deposits.

Fee revenue decreased 3% reflecting lower servicing and management revenues, partially offset by CRD.

Earnings this week : Oct 14 - 18, 19 (wk 42)

Monday (October 14)

• None

COLUMBUS DAY: In honor of the holiday, US bond markets and the Federal Reserve Bank will be closed on Monday, October 14, 2019. Stock, options, and futures markets will be open.

Tuesday (Oct 15)

• Morning: APHA BLK C FRC GS JNJ JPM OMC PLD SCHW UNH WFC WIT
• Afternoon: HWC JBHT PNFP SNBR UAL

Wednesday (Oct 16)

• Morning: ABT  ALLY ASML BAC BK CBSH CMA FHN PGR PNC USB
• Afternoon: AA CATY CCI CCK CNS CSX EGBN IBM KMI LLNW NFLX SLG STLD TBK TCBI UMPQ URI WTFC

Thursday (Oct 17)

• Morning: BBT BMI DOV ERIC EWBC FNB GPC GTLS HOMB HON HTLD IIIN KEY MS MTB PM POOL PPG SASR SNA SON STI TSM TXT UNP WNS
• Afternoon: BDN ETFC EXPO FFBC ISRG MRTN OZK PBCT TEAM WAL WDFC

Friday (Oct 18) 

• Morning: ABCB AXP CFG GNTX IBKC KO KSU MAN SLB STT SXT SYF

Notable earnings reports:

• JPMorgan (JPM), Johnson & Johnson (NYSE:JNJ), UnitedHealth Group (NYSE:UNH), Goldman Sachs (NYSE:GS), Wells Fargo (WFC), Citigroup (C), United Continental (NASDAQ:UAL), Charles Schwab (NYSE:SCHW) and BlackRock (NYSE:BLK) on October 15; 
• Netflix (NASDAQ:NFLX), IBM (NYSE:IBM), Bank of America (NYSE:BAC), Kinder Morgan (NYSE:KMI) and Abbott Laboratories (NYSE:ABT) on October 16; 
• Philip Morris International (NYSE:PM), Morgan Stanley (NYSE:MS) and Union Pacific (NYSE:UNP) on October 17; Coca-Cola (NYSE:KO), American Express (NYSE:AXP), State Street (NYSE:STT) and Gentex (NASDAQ:GNTX) on October 18.

State Street (STT) reported earnings on Fri 20 July 2018 (b/o)

** charts after earnings **

 

State Street misses by $0.13, reports revs in-line 

• Reports Q2 (Jun) earnings of $1.88 per share, $0.13 worse than the Capital IQ Consensus of $2.01; revenues rose 7.7% year/year to $3.03 bln vs the $3.05 bln Capital IQ Consensus.
  • Q2 Net interest margin:  1.46% vs 1.40% in Q1
• Key metrics: Relative to 2Q17, under the standardized approach, the estimated Basel III common equity tier 1 ratio for 2Q18 increased 10 basis points to 11.3%. The estimated 2Q18 leverage ratio was 7.1%, reflecting an increase of 10 basis points from 2Q17.

Long trade : State Street (STT) +6% (1/18)

• Dec. 4:  #1  ; vol. 1.0M; 

  

State Street (STT) reported earnings on Wed 27 Jul 2016 (b/o)

** charts before earnings **

  

** charts after earnings **

State Street beats by $0.20, misses on revs  :

• Reports Q2 (Jun) earnings of $1.46 per share, excluding non-recurring items, $0.20 better thanthe Capital IQ Consensus of $1.26; revenues fell 1.3% year/year to $2.57 bln vs the $2.65 bln Capital IQ Consensus.
• "... Although it is still early days following the Brexit vote, we view the diverse and complex $30 trillion European investment market as a significant opportunity that we are well positioned for, given the scope and footprint of our European operations. Therefore, our long-term outlook for our European operations has not been materially impacted by the referendum, other than the impact of anticipated persistence of lower market interest rates."

Long trade : STT (7/16)

• 10 days later, after earnings

Long trade : STT (11/15)

Long trade : STT +20% (1/18)