State Street Shares Rise 7% Since Q4 Results Announcement 
<p><a href='https://financialmodelingprep.com/financial-summary/STT'>State Street (NYSE:STT)</a> shares gained around 7% since the company’s reported Q4 results on Friday, with EPS of $2.07 coming in better than the Street estimate of $1.98. Revenue was $3.16 billion, compared to the Street estimate of $3.03 billion.</p>
<p>The company’s 2023 outlook was encouraging relative to forecasts. The most positive aspect for the stock is the $4.5 billion share repurchase authorization, which management hopes to fulfill this year, and may imply nearly 200% of earnings being returned to shareholders via buyback and dividends.</p>
<p>Analysts at Deutsche Bank view the results positively, with modest beats to both their fee revenue and net interest revenue forecasts, partially offset by slightly higher operating expenses. The analysts raised their price target to $88 from $85, while maintaining their Hold rating.</p>

NYSE:STT