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State Street Corp. Bottom Line Drops In Q1

State Street Corp. (STT) announced a profit for first quarter that dropped from the same period last year.

The company's profit totaled $519 million, or $1.37 per share. This compares with $634 million, or $1.62 per share, in last year's first quarter.

The company's revenue for the quarter fell 3.9% to $2.95 billion from $3.07 billion last year.

State Street Corp. earnings at a glance:

-Earnings (Q1): $519 Mln. vs. $634 Mln. last year.
-EPS (Q1): $1.37 vs. $1.62 last year.
-Revenue (Q1): $2.95 Bln vs. $3.07 Bln last year.

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