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State Street Corp. Announces Decline In Q2 Earnings

State Street Corp. (STT) reported a profit for second quarter that decreased from last year.

The company's profit totaled $587 million, or $1.42 per share. This compares with $733 million, or $1.88 per share, in last year's second quarter.

The company's revenue for the quarter fell 6.2% to $2.87 billion from $3.06 billion last year.

State Street Corp. earnings at a glance:

-Earnings (Q2): $587 Mln. vs. $733 Mln. last year.
-EPS (Q2): $1.42 vs. $1.88 last year.
-Revenue (Q2): $2.87 Bln vs. $3.06 Bln last year.

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