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%