Key PointsQuantum computing stocks IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing Inc. have rallied up to 45% over two trading sessions.
Key PointsQuantum computing stocks IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing Inc. have rallied up to 45% over two trading sessions.
State Street ( STT ) stock rose 1.5% in Friday premarket trading after the custodial bank posted record quarterly fee revenue, net interest income, and total revenue in the first quarter of 2026. Q1 adjusted EPS of $2.84, topping the average analyst estimate of $2.64, fell from $2.97 in Q4 2025 and rose from $2.04 in last year's Q1. Q1 revenue of $3.80B, exceeding the $3.69B consensus, increased f...
State Street ( STT ) stock rose 1.5% in Friday premarket trading after the custodial bank posted record quarterly fee revenue, net interest income, and total revenue in the first quarter of 2026. Q1 adjusted EPS of $2.84, topping the average analyst estimate of $2.64, fell from $2.97 in Q4 2025 and rose from $2.04 in last year's Q1. Q1 revenue of $3.80B, exceeding the $3.69B consensus, increased from $3.67B in the prior quarter and $3.28B in the year-ago period. "We delivered record quarterly fee revenue, net interest income, and total revenue, generating meaningful year-over-year positive operating leverage and pretax margin expansion, excluding notable items," said Chairman and CEO Ron O'Hanley. "In a dynamic operating environment, the momentum across Investment Services, Investment Management, and Markets underscores the strength of our franchise." Net interest income of $835M, beating the $784M consensus, climbed from $802M in Q4 and $714M in last year's Q1. Total net inflows of $49B fell from $85B in the prior quarter and reversed from outflows of $13B a year ago. Provision for credit losses of $16M increased from $8M in Q4 and $12M in Q1 2025. Total expenses were $2.81B, up from $2.74B in the previous quarter and $2.45B a year ago. Conference call at 11:00 AM ET. More on State Street State Street: An Undervalued Opportunity, Betting On Continued Organic Growth And Market Recovery State Street Corporation (STT) Presents at RBC Capital Markets Global Financial Institutions Conference 2026 Transcript State Street Corporation (STT) Presents at Bank of America Financial Services Conference 2026 Transcript State Street Non-GAAP EPS of $2.84 beats by $0.20, revenue of $3.8B beats by $110M
JHVEPhoto/iStock Editorial via Getty Images Introduction The super-regional bank U.S. Bancorp ( USB ) released its first-quarter 2026 earnings yesterday amid a broad relief rally fueled by negotiations over a deal between the U.S. and Iran and the associated optimism. However, USB stock edged lower yesterday, suggesting that the results were somewhat disappointing. U.S. Bancorp is one of the few b...
JHVEPhoto/iStock Editorial via Getty Images Introduction The super-regional bank U.S. Bancorp ( USB ) released its first-quarter 2026 earnings yesterday amid a broad relief rally fueled by negotiations over a deal between the U.S. and Iran and the associated optimism. However, USB stock edged lower yesterday, suggesting that the results were somewhat disappointing. U.S. Bancorp is one of the few bank stocks I own, and I have written about it more or less regularly here on Seeking Alpha. In my last article , I discussed the bank's third-quarter results, which confirmed my generally constructive attitude. All in all, I found that the valuation of USB stock largely reflected the fundamentals, which is why I downgraded it from my previous “buy” rating in mid-April 2025 to “hold.” In this update, I will share my assessment of U.S. Bancorp's Q1 2026 growth, profitability, and, of course, credit quality—also against the backdrop of the domestic average and the continued steepening of the interest rates. Finally, I will provide a brief valuation update, highlighting why I continue to rate USB stock as “hold.” U.S. Bancorp Q1 2026 Earnings: Steady As She Goes First quarter earnings per share (EPS) came in at $1.18, roughly 4% ahead of consensus and up 15% year-over-year. As is mostly the case with U.S. Bancorp, there were no earnings adjustments. Net revenues were $7.3 billion for the quarter, an increase of roughly 5% year-over-year. I was encouraged to see that U.S. Bancorp once again posted healthy positive operating leverage of more than 4 percentage points. Average total loans grew by a reassuring 2.4% compared to the prior quarter (Figure 1), whereas year-over-year, the bank delivered loan growth of 3.8%. On the earnings call , CFO John Stern expressed confidence that loan growth for the full year will likely be even stronger. Corporate banking is expected to remain the main growth driver—in this segment, USB reported year-over-year growth of 11.4%. Mortgage loans to r...
The storied actor has spent years campaigning to protect green spaces. She invites us into her Surrey sanctuary, where each tree represents a lost loved one A visit to Dame Judi Dench’s garden in Surrey is bittersweet. The 2.4-hectare (six-acre) plot contains enough trees – about 100 – to count as an arboretum. Among them is a carpet of wild garlic and a wildlife pond from which rabbits like to si...
The storied actor has spent years campaigning to protect green spaces. She invites us into her Surrey sanctuary, where each tree represents a lost loved one A visit to Dame Judi Dench’s garden in Surrey is bittersweet. The 2.4-hectare (six-acre) plot contains enough trees – about 100 – to count as an arboretum. Among them is a carpet of wild garlic and a wildlife pond from which rabbits like to sip. But each of these trees represents someone she knew who has died. As her eyesight has nearly gone, Dench, who features in the latest episode of the Royal Horticulture Society’s new podcast, Roots , navigates her way around the garden via memories and smell. Here, she shares her stories of the garden and discusses the items that mean the most to her. Continue reading...