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STT Stock Up On Upbeat Quarter

Shares of State Street Corp. (STT) are currently trading at $83.83, up $0.98 or 1.18%, with trading volume of over 304K versus an average volume of 2.32 million shares. The stock has been trading between $76.92 and $104.87 for the past one year.

The company's Q1 net income was $604 million or $1.57 per share compared to $519 million or $1.37 per share last year. Revenue for the quarter rose 4.4% to $3.08 billion from $2.95 billion last year. Analysts polled by Thomson Reuters expected earnings of $1.47 per share on revenue of $3.04 billion for the quarter. Analysts' estimate typically exclude certain special items.

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