Earnings Preview: State Street Earnings Expected to Increase Over Last Quarter

State Street STT earnings are coming up! Don't miss out: The company unveils its next round of earnings this Tuesday, July 19, 2011.

Want to know what analysts are expecting to see in State Street's lastest earnings numbers? We thought so. Here's an advanced look at the company's second quarter earnings report.

Let's Do the Numbers:

Wall Street expects a positive EPS reading of 97 cents per share and revenues of $2.39 billion. We'll have to wait for Tuesday to see if State Street has accomplished the estimated 113% rise in EPS and 111% increase in revenues on a year-over-year basis.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter	Q1	Q4	Q3	Q2
EPS Estimate	85 cents	85 cents	83 cents	93 cents
EPS Actual	88 cents	87 cents	86 cents	93 cents

Stock Performance:

At last check, shares of State Street were trading at $44.64. Since January 1st, shares of State Street have declined 2.9%. For a full 12 months, the return has risen by 13.1%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

• Long-term shareholders are already enjoying 12-month gains prior to the announcement

Average Stock Rating:

The average rating by analysts for State Street is a Moderate Buy. The strength of this rating has declined slightly over the past three months.

Competitors:

Want to check out the performance of State Street closest competitors? Take a look at some of the company's peers in the Financials.

• Bank of America BAC: Hold with a $0.17 recent quarter EPS
• Bank of New York Mellon BK: Moderate Buy with a $0.54 recent quarter EPS
• Citigroup C: Moderate Buy with a $1.0 recent quarter EPS

State Street is in the banks industry, which has experienced price/earnings growth of 0.1%.

Finally, a description of the main business areas of the company, in case you need a little refresher: State Street provides a range of investment management strategies, investment management advisory services and other financial services.

Take Action:

That's your advanced look at State Street's upcoming earnings numbers -- be ready to take quick action if the company's report contains any surprises. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.

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