97.21
price down icon1.36%   -1.34
after-market After Hours: 97.21
loading

Why is State Street Corp (STT) Stock down?

14 Jul, 2023:

State Street's (STT) stock dropped 12.08% Friday. It disclosed Friday that its net interest income, which measures the difference between what it earns from loans and pays out in deposits, fell 10% when compared to the first quarter. That's largely because of rising deposit rates and a rotation by State Street customers out of non-interest bearing deposits as they seek higher yields. The bank now expects net interest income to drop 12% to 18% in the coming quarter.

https://finance.yahoo.com/news/bank-results-flash-warning-signs-for-wall-street-114703541.html

17 Apr, 2023:

State Street Corporation (STT) is currently down by 9.27%. This decline in the stock price could be due to the fact that the company is expected to report quarterly earnings per share of $1.64 on revenue of $3.12 billion, which is lower than what investors were anticipating. As a result, the disappointment among investors has led to a decrease in demand for the stock and a drop in its price.

https://www.barrons.com/articles/state-street-earnings-stock-price-9c54d0b7

asset_management RJF
$150.94
price down icon 0.49%
$167.36
price down icon 0.92%
asset_management AMP
$522.00
price down icon 1.70%
asset_management APO
$145.30
price down icon 1.74%
asset_management BN
$57.65
price down icon 0.41%
Cap:     |  Volume (24h):