State Street launches Apollo private credit ETF By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 03 2025
0mins
Source: Investing.com
Launch of New ETF: State Street Global Advisors has launched the SPDR SSGA Apollo IG Public & Private Credit ETF, providing retail investors access to a diversified portfolio of private credit assets, with a unique structure allowing up to 35% in illiquid assets due to a liquidity agreement with Apollo Global Management.
Liquidity Concerns: While the new ETF is expected to pave the way for similar products, concerns remain regarding liquidity during market selloffs, as private credit is inherently illiquid and the ETF's performance will be closely monitored by regulators.
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Analyst Views on STT
Wall Street analysts forecast STT stock price to rise
12 Analyst Rating
7 Buy
4 Hold
1 Sell
Moderate Buy
Current: 141.900
Low
128.00
Averages
142.27
High
168.00
Current: 141.900
Low
128.00
Averages
142.27
High
168.00
About STT
State Street Corporation is a financial holding company. The Company, through its subsidiary, State Street Bank and Trust Company (State Street Bank), provides a range of financial products and services to institutional investors. It operates through two lines of business: Investment Servicing and Investment Management. Its Investment Servicing line of business provides a range of services and market and financing solutions to institutional clients, including mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, investment managers, foundations and endowments worldwide. Through State Street Investment Services, State Street Markets and State Street Alpha, it offers a range of solutions, including transaction management, derivatives, collateral services, and others. Investment Management line of business provides a range of investment management solutions and products through State Street Investment Management.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Adjusted Earnings: Excluding items, the company reported adjusted earnings of $803 million, or $2.84 per share, reflecting the robustness of its core business and improved earnings quality, which helps bolster investor confidence.
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See More
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- Total Fee Revenue: The total fee revenue reported by the company is $2.96 billion for the first quarter.
- Financial Performance: This figure reflects the company's financial performance and revenue generation capabilities in the specified period.
See More
STATE STREET CORP REPORTS Q1 ADJUSTED EPS OF $2.84
- Company Overview: States Street Corp reported a Q1 adjusted earnings per share (EPS) of $2.84.
- Financial Performance: The earnings reflect the company's financial health and performance in the first quarter of the fiscal year.
See More
STATE STREET CORPORATION (NYSE: STT) ANNOUNCES FINANCIAL RESULTS FOR FIRST QUARTER OF 2026
Financial Performance: State Street Corporation reported its financial results for the first quarter of 2026, highlighting key metrics and performance indicators.
Market Impact: The report may influence investor sentiment and market trends, reflecting the company's position in the financial sector.
See More
State Street Q1 Earnings Announcement Scheduled
- Earnings Release Date: State Street (STT) is set to announce its Q1 earnings on April 17 before market open, with a consensus EPS estimate of $2.64, reflecting a 29.4% year-over-year increase, which could further validate the company's growth potential amid market recovery.
- Revenue Growth Expectations: The anticipated revenue for Q1 is $3.69 billion, representing a 12.5% year-over-year increase, indicating the company's ongoing efforts in organic growth and market recovery, potentially boosting investor confidence.
- Historical Performance: Over the past two years, State Street has beaten EPS estimates 100% of the time and revenue estimates 88% of the time, which may attract more investor attention due to this consistent performance record.
- Revision Trends: In the last three months, EPS estimates have seen 7 upward revisions and 1 downward revision, while revenue estimates have experienced 6 upward revisions with no downward adjustments, suggesting increasing analyst confidence in the company's future performance.
See More
State Street Reports Record Q1 Earnings and Revenue Growth
- Strong Performance: State Street's Q1 adjusted EPS of $2.84 surpassed analyst expectations of $2.64, although it declined from $2.97 in Q4, it shows significant year-over-year growth, indicating sustained profitability improvements.
- Revenue Growth: The total revenue for Q1 reached $3.80 billion, exceeding market expectations of $3.69 billion, and marking a notable increase from $3.67 billion in the previous quarter and $3.28 billion a year ago, reflecting the company's robust performance in a dynamic market environment.
- Net Interest Income Increase: Net interest income stood at $835 million, beating the consensus of $784 million, and rising from $802 million in Q4 and $714 million in the same quarter last year, demonstrating effective balance sheet management amid changing interest rate conditions.
- Changes in Fund Inflows: Despite total net inflows of $49 billion in Q1, a significant drop from $85 billion in the prior quarter and a reversal from outflows of $13 billion a year ago, the company still showcases strong market appeal and client trust.
See More
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- Profit Growth: State Street Corp. reported a first-quarter profit of $764 million, or $2.49 per share, which is a significant increase from last year's $644 million and $2.04 per share, indicating strong performance and enhanced profitability in the market.
- Adjusted Earnings: Excluding items, the company reported adjusted earnings of $803 million, or $2.84 per share, reflecting the robustness of its core business and improved earnings quality, which helps bolster investor confidence.
- Revenue Increase: The company's revenue rose 15.6% year-over-year to $3.796 billion, up from $3.284 billion last year, showcasing strong demand in the asset management sector and an expansion of market share.
- Market Position: The sustained profit and revenue growth not only enhance State Street's competitiveness in the financial services industry but also lay a solid foundation for future investment and expansion strategies, increasing market confidence in its long-term development.
See More
