State Street Had A 'Blockbuster' Q1, Analyst Says

State Street (NYSE:STT) reported a “blockbuster” first quarter, exceeding analyst expectations for both adjusted earnings per share and revenue. CEO Ron O’Hanley highlighted record fee revenue, net interest income, and total revenue, alongside significant operating leverage and pretax margin expansion. Following these strong results, several analysts, including RBC Capital, Truist Securities, Keefe Bruyette & Woods, and Morgan Stanley, increased their price targets for the company.

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