State Street (STT) Tops Q2 EPS by 21c

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Go back to State Street (STT) Tops Q2 EPS by 21c

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

July 27, 2016 7:01 AM EDT

Second-quarter 2016 operating-basis EPS was $1.46 on lower operating-basis expenses compared to the second quarter of 2015

As previously disclosed, authorized to purchase up to $1.4 billion of common stock through June 30, 2017 and, subject to board approval, intends to increase quarterly common stock dividend to $0.38 per share

BOSTON--(BUSINESS WIRE)-- In announcing today's financial results, Joseph L. Hooley, State Street's Chairman and Chief Executive Officer said, "We are pleased with our strong second-quarter results, which reflect strong fee revenue growth compared to the first quarter, driven by growth in... More