Company Update: State Street Corporation (NYSE:STT) – State Street Corporation Announces Date for Release of Second-Quarter 2016 Financial Results and Conference Call Webcast

[Business Wire] – State Street Corporation plans to release its second-quarter 2016 financial results on Wednesday, July 27, 2016, followed by a related internet broadcast of a conference call at 9:30 a.m. Read more on this. State Street Corporation (STT) , currently valued at $22.79B, began trading this morning at $57.43. Looking at the equity, the company’s one day range is $56.67 to $57.57 with its 52-week range being $50.73 to $81.26. STT shares are currently priced at 12.17x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -55.52x earnings multiple. And for income investors, the company pays shareholders $1.36 per share annually in dividends, yielding 2.30%. According to a consensus of 19 analysts, the earnings estimate of $1.26 per share would be $0.11 worse than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $4.76 would be a $0.13 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.65 Billion. If reported, that would be a 2.93% decrease over the year-ago quarter. In terms of ratings, Keefe Bruyette downgraded STT from Mkt Perform to Underperform (Mar 28, 2016). Previously, JP Morgan upgraded STT from Underweight to Neutral. The average price target for STT shares is $66.00, which is 14.92% above where the stock opened this morning. See more in (NYSE:STT) Similar Articles: Company Update: State Street Corporation (NYSE:STT) – State Street’s Chief Executive Officer Jay Hooley and Chief Financial Officer Mike Bell to Present at the 2016 Deutsche Bank Global Financial Services Investor Conference Company Update: State Street Corporation (NYSE:STT) – GE and State Street Corporation Announce Agreement for State Street to Acquire GE Asset Management for up to $485 Million Market Update: State Street Corporation (NYSE:STT) – State Street Corporation Announces Date for Release of Fourth-Quarter and Full-Year 2015 Financial Results and Conference Call Webcast