State Street sees FY14 revenue up 3%-5%, consensus $10.47B State Street expects FY14 revenue growth of 3-5% compared to 2013, under the following assumptions: Strong execution of top priorities; Modest increases in market interest rates by later in 2014; Equity markets to remain close to year-end 2013 levels for full-year 2014; and improvement in market conditions for both its securities finance and trading businesses. Guidance in slides for Q4 earnings conference call.
News For STT From The Last 14 Days
Check below for free stories on STT the last two weeks.
State Street sees 3%-5% operating basis revenue growth for FY14 vs. FY13 Says outlook for 2014 is "positive." Sees 3%-5% operating basis revenue growth for FY14 vs. FY13. Expects to continue return of capital through dividends, repurchases. Says on track to deliver approximately $130M of incremental pre-tax expense savings in 2014 from Business Operations and Information Technology Transformation program. Says to achieve goal of annual operating leverage in 2014, will likely require improvement in market-driven revenue in 2H14. Says continuing to invest in growth initiatives. Comments from slides that will be presented at the Barclays Global Financial Services Conference.