State Street Q2 Profit Declines 2%

RTTNews | 1129天前
State Street Q2 Profit Declines 2%

(RTTNews) - State Street Corp. (STT) reported Friday that net income for the second quarter decreased 2 percent to $747 million from $763 million from last year, with earnings per share declining 8 percent to $1.91 from last year's $2.07.

Excluding items, the company reported adjusted earnings of $1.94 per share for the quarter.

Total revenue for the quarter decreased 3 percent to $2.95 billion from $3.03 billion in the same quarter last year. Analysts expected revenues of $2.99 billion for the quarter.

Fee revenue decreased 6 percent, primarily reflecting lower Servicing fees and other fee revenue as well as the impact of currency translation, partially offset by higher FX trading services revenue.

In June, State Street announced a planned 10% increase to third-quarter quarterly common stock dividend to $0.63 per share, subject to approval by the Board of Directors, and its intention to resume its common share repurchase program in fourth quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
BlackRock, Vanguard, State Street Seek Court To Dismiss US Antitrust Lawsuit

BlackRock, Vanguard, State Street Seek Court To Dismiss US Antitrust Lawsuit

Asset managers BlackRock Inc., Vanguard and State Street Corp. have asked a Texas court to dismiss a U.S. state lawsuit accusing them of conspiring to decrease coal output, Reuters reported. The companies reportedly said the allegations were half-baked and untested legal theories and asked the court to reject the adventurous attempt to rewrite antitrust law.
RTTNews | 152天前
State Street Q4 Profit Plunges 71%, But Results Top Estimates

State Street Q4 Profit Plunges 71%, But Results Top Estimates

State Street Corp. (STT) reported Friday that net income for the fourth quarter decreased 2 percent to $210 million from $733 million from last year, with earnings per share declining 8 percent to $0.55 from last year's $1.91.
RTTNews | 576天前
Lower Open Predicted For Taiwan Stock Market

Lower Open Predicted For Taiwan Stock Market

The Taiwan stock market rebounded on Friday, one day after ending the five-day winning streak in which it had rallied more than 910 points or 3.9 percent. The Taiwan Stock Exchange now sits just above the 24,330-point plateau although it may head south again on Monday.
RTTNews | 19分钟前
Little Movement Expected For Singapore Stock Market

Little Movement Expected For Singapore Stock Market

The Singapore stock market has moved lower in two straight sessions, falling more than 40 points or 0.9 percent along the way. The Straits Times Index now sits just above the 4,230-point plateau and it's likely to remain in that neighborhood again on Monday.
RTTNews | 49分钟前
New Zealand Services Index Improves To 48.9 - BusinessNZ

New Zealand Services Index Improves To 48.9 - BusinessNZ

The services sector in New Zealand continued to contract in July, albeit at a slower rate, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 48.9.
RTTNews | 1小时2分钟前
Malaysia Bourse Likely To Remain Rangebound On Monday

Malaysia Bourse Likely To Remain Rangebound On Monday

The Malaysia stock market has moved lower in back-to-back sessions, slipping more than 10 points or 0.6 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,575-point plateau and it may tick lower again on Monday.
RTTNews | 1小时19分钟前
Japan Shares Due For Profit Taking On Monday

Japan Shares Due For Profit Taking On Monday

The Japan stock market bounced higher again on Friday, one day after snapping the six-day winning streak in which it had surged more than 3,000 points or 7.3 percent. The Nikkei 225 now sits just beneath the 43,380-point plateau although investors are likely to lock in gains on Monday.
RTTNews | 1小时34分钟前
South Korea Shares May Be Stuck In Neutral On Monday

South Korea Shares May Be Stuck In Neutral On Monday

Ahead of Friday's holiday for Liberation Day, the South Korea stock market had moved higher in back-to-back sessions, gathering more than 35 points or 1.1 percent along the way. The KOSPI now sits just above the 3,225-point plateau although it m ay spin its wheels on Monday.
RTTNews | 1小时49分钟前