State Street Corp. (STT) Rose To A New High On Strong Q4 Results

State Street Corp. (STT) reported fourth quarter operating EPS of $1.11 Friday morning, up from $0.93 in the prior year. The consensus estimate was for EPS of $1.00.

State Street gapped open sharply higher Friday and rose steadily during the first hour of trade. The stock settled into a range for the remainder of the day and finished with a gain of 2.98 at $53.36 on the highest volume of the year. State Street has been on an upward trend for the last month and a half and set a new high for the year.

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