State Street Corp. (STT) Tops Q2 EPS by 12c

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Go back to State Street Corp. (STT) Tops Q2 EPS by 12c

State Street (STT) PT Trimmed to $76 at Jefferies

July 23, 2014 8:48 AM EDT

Jefferies analyst Ken Usdin trimmed his price target on Buy-rated State Street (NYSE: STT) to $76.00 (from $78.00) following Q2 results.

Usdi comments, "An core EPS beat on better revenues ($1.29 adj. vs. $1.26 cons.) is muted by a higher expense outlook, as compliance-driven costs will rise... More