State Street Corp. stock was down by 4.5% after it reported a better-than-expected second-quarter profit but fell short of its revenue and net interest...
State Street Corp. STT stock was down by 4.5% after it reported a better-than-expected second-quarter profit but fell short of its revenue and net interest income marks. State Street said its earnings for the three months ended June 30 rose 2% to $763 million, or $2.17 a share, from $747 million, or $1.91 a share, in the year-ago period. Analysts were looking for earnings of $2.10 a share, according to estimates compiled by FactSet. State Street’s second-quarter revenue increased to $3.
and Bank of New York Mellon Corp. BK were both down by about 2.7%.
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