State Street Reports Second-Quarter 2016 GAAP-Basis EPS of $1.47 on Lower Expenses Compared to the Second Quarter of 2015

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Go back to State Street Reports Second-Quarter 2016 GAAP-Basis EPS of $1.47 on Lower Expenses Compared to the Second Quarter of 2015

Jefferies Reiterates Buy on State Street (STT) Following 2Q - PT to $74

July 28, 2016 7:40 AM EDT

Jefferies reiterated a Buy rating on State Street (NYSE: STT), and raised the price target to $74.00 (from $63.00), following the company's 2Q earnings report. A strong expense result and in line fees set a new tone for STT, with a flat full-year operating expense outlook... More

State Street (STT) Tops Q2 EPS by 21c

July 27, 2016 7:07 AM EDT

State Street (NYSE: STT) reported Q2 EPS of $1.47, $0.21 better than the analyst estimate of $1.26. Revenue for the quarter came in at $2.57 billion versus the consensus estimate of $2.65 billion.

"We are pleased with our strong second-quarter results, which reflect strong fee revenue growth... More