State Street Reports Second-Quarter 2023 Financial Results

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Go back to State Street Reports Second-Quarter 2023 Financial Results

State Street (STT) sinks after 'low-quality' beat

July 14, 2023 11:30 AM EDT

Shares of financial services company State Street (NYSE: STT) declined after it reported results for the second quarter of 2023. State Street beat Wall Street expectations on the bottom line, but analysts said the beat was low quality.

State Street reported earnings per share of $2.17, compared to the consensus of $2.11, and total revenue was up 5% from last year at $3.11 billion, slightly below the consensus... More