State Street (STT) Misses Q3 EPS by 2c, Miss on Revenues

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State Street Reports Third-Quarter 2018 EPS of $1.87, up 13%, and ROE of 14%, up 1 Percentage Point, Compared to 3Q17

October 19, 2018 7:00 AM EDT

Net Interest Income Up 11% Compared to 3Q17

Pre-Tax Margin Increased Compared to 3Q17, Reflecting Continued Expense Management

Completed Acquisition of Charles River Development to Enable the First-Ever Front to Back Platform(a)

BOSTON--(BUSINESS WIRE)-- In announcing todays financial results, Joseph L. Hooley, State Streets Chairman and Chief Executive Officer, said, "Our third-quarter and year-to-date results reflect solid performance demonstrated by EPS growth of 13% and 24% compared to 3Q17 and the 2017 year-to-date period, respectively. Our new business remains strong as evidenced by $300... More