RBC Capital Lowers State Street’s Estimates Reflecting Recent Company Guidance
<p>RBC Capital analysts lowered their estimates and price target on <a href='https://financialmodelingprep.com/financial-summary/STT'>State Street Corporation (NYSE:STT)</a> to reflect recent company guidance and their updated outlook for the company.</p>
<p>Full-year 2022 and 2023 EPS estimates moved to $7.69 and $9.50 from $8.15 and $10.35, respectively. </p>
<p>The company's fee revenue has been adversely impacted by the global market conditions more than offsetting the benefits of higher interest rates on its net interest income.</p>
<p>The analysts maintained their sector perform rating, but lowered their price target to $80 from $90. </p>

NYSE:STT