State Street Corp. (STT) revealed a profit for its first quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $644.00 million, or $2.04 per share. This compares with $463.00 million, or $1.37 per share, last year.
Analysts on average had expected the company to earn $2.01 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 4.7% to $3.284 billion from $3.138 billion last year.
State Street Corp. earnings at a glance (GAAP) :
-Earnings: $644.00 Mln. vs. $463.00 Mln. last year.-EPS: $2.04 vs. $1.37 last year.-Revenue: $3.284 Bln vs. $3.138 Bln last year.
For comments and feedback contact: editorial@rttnews.com
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.