Financials

State Street (NYSE:STT) Posts Earnings Results, Misses Estimates By $0.12 EPS

State Street (NYSE:STT)  announced its earnings results on Monday. The asset manager reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.12). The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.13 billion. RETURNED $1.5 BILLION OF CAPITAL THROUGH SHARE REPURCHASES AND COMMON DIVIDENDS. TOTAL REVENUE UP 1% STRONG NET INTEREST INCOME GROWTH OF 50% EXPENSES WELL-CONTROLLED, UP 2%

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