State Street Analysts Increase Their Forecasts After Strong Earnings

Loading...Loading...State Street Corporation STT reported better-than-expected second-quarter results on Tuesday.The company posted quarterly revenues of $3.191 billion, an increase of 2.6% year over year and beating the consensus of $3.146 billion. EPS of $2.15 topped the consensus estimate of $2.03, according to data from Benzinga Pro.Net interest income increased 6% year-over-year to $735 million, primarily due to higher investment securities yields and loan growth, partially offset by a shift in deposit ...