State Street (STT) Reports Q3 Operating EPS of 86c, Beats by 3c; Reaffirms Guidance

October 19, 2010 7:14 AM EDT
State Street (NYSE: STT) reports Q3 operating EPS of $0.86, 3 cents better than the analyst estimate of $0.83. Revenue for the quarter was $2.31 billion, which compares to the estimate of $2.19 billion.

Tier 1 capital ratio 15.8%.

Reaffirms guidance. "With the support of the two acquisitions, as well as strong year-to-date wins in servicing and growth in passive strategies and ETFs in asset management, we continue to expect that our operating-basis earnings per share, which exclude discount accretion, will be slightly above the adjusted operating-basis $3.32 per share recorded last year."

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