State Street Q4 Profit Plunges 71%, But Results Top Estimates

RTTNews | 424 days ago
Stocktwits
State Street Q4 Profit Plunges 71%, But Results Top Estimates

(RTTNews) - State Street Corp. (STT) reported Friday that net income for the fourth quarter decreased 2 percent to $210 million from $733 million from last year, with earnings per share declining 8 percent to $0.55 from last year's $1.91.

Excluding items, the company reported adjusted earnings of $2.04 per share for the quarter.

On average, 14 analysts polled by Thomson Reuters expected the company to report earnings of $1.83 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the quarter decreased 3.5 percent to $3.04 billion from $3.16 billion in the same quarter last year. Analysts expected revenues of $2.95 billion for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: STT
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BlackRock, Vanguard, State Street Seek Court To Dismiss US Antitrust Lawsuit

BlackRock, Vanguard, State Street Seek Court To Dismiss US Antitrust Lawsuit

Asset managers BlackRock Inc., Vanguard and State Street Corp. have asked a Texas court to dismiss a U.S. state lawsuit accusing them of conspiring to decrease coal output, Reuters reported. The companies reportedly said the allegations were half-baked and untested legal theories and asked the court to reject the adventurous attempt to rewrite antitrust law.
RTTNews | 15h 5min ago
State Street Q2 Profit Declines 2%

State Street Q2 Profit Declines 2%

State Street Corp. (STT) reported Friday that net income for the second quarter decreased 2 percent to $747 million from $763 million from last year, with earnings per share declining 8 percent to $1.91 from last year's $2.07.
RTTNews | 977 days ago
TSX Ends Moderately Lower After CPI Data

TSX Ends Moderately Lower After CPI Data

The Canadian market ended modestly lower on Tuesday as hot inflation data, and growth worries due to Trump's tariffs weighed on sentiment. Also, investors stayed cautious ahead of the Federal Reserve's monetary policy announcement, due on Wednesday.
RTTNews | 4h 20min ago
Canadian Market Remains Weak After Hot Inflation Data

Canadian Market Remains Weak After Hot Inflation Data

Despite coming off the day's lows, the Canadian market continues to languish in negative territory Tuesday afternoon and looks set to end the session on a weak note. Hot inflation data, and worries about tariffs and economic outlook weigh on sentiment.
RTTNews | 6h 7min ago
Swiss Market Ends Slightly Up

Swiss Market Ends Slightly Up

The Switzerland market failed to hold early gains and settled just marginally up on Tuesday, due to some brisk selling at a few frontline counters in the final hour of the day's session.
RTTNews | 6h 58min ago
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