State Street's Q1 Earnings Top as Fee Income Rises Y/Y, Stock Down

State Street’s (STT) first-quarter 2025 earnings of $2.04 per share surpassed the Zacks Consensus Estimate of$1.98. The bottom line also increased 20.7% from the prior-year quarter.Results were aided by growth in fee revenues and lower provisions. Also, the company witnessed improvements in total assets under custody and administration (AUC/A) and assets under management (AUM) balances. However, higher adjusted expenses and lower net interest income (NII) acted as spoilsports. Shares of STT lost roughly 3% ...