Financial services giant State Street (NYSE: STT) will be reporting earnings this Friday before the bell. Here’s what you need to know.

State Street beat analysts’ revenue expectations by 2.4% last quarter, reporting revenues of $3.55 billion, up 8.8% year on year. It was a strong quarter for the company, with and a decent beat of analysts’ revenue estimates.

Is State Street a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting State Street’s revenue to grow 5.9% year on year to $3.61 billion, slowing from the 12.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.84 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. State Street has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2.1% on average.

Looking at State Street’s peers in the capital markets segment, some have already reported their Q4 results, giving us a hint as to what we can expect. BNY delivered year-on-year revenue growth of 6.8%, beating analysts’ expectations by 0.7%, and Jefferies reported revenues up 5.7%, topping estimates by 3%. BNY traded up 3.3% following the results while Jefferies was down 5.6%.

Read our full analysis of BNY’s results here and Jefferies’s results here.

There has been positive sentiment among investors in the capital markets segment, with share prices up 2.8% on average over the last month. State Street is up 5.7% during the same time and is heading into earnings with an average analyst price target of $143.53 (compared to the current share price of $134).

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