Keefe Bruyette analyst David Konrad notes that State Street (STT) presented at a conference and provided an update for their 2025 guidance, which included higher revenues but also higher expenses. Implied Q4 guidance suggests pre-provision net revenue to be “a penny light” to KBW estimates, but in line with the Street view, adds the analyst, who has an Outperform rating and $135 price target on State Street shares.
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