Investing.com - State Street (NYSE:STT) reported second quarter earnings that beat analysts' expectations on Friday and revenue that was inline with forecasts.
The firm reported earnings per share of $1.45 on revenue of $2.87B. Analysts polled by Investing.com expected EPS of $1.4 on revenue of $2.87B. That compared to EPS of $2.05 on revenue of $3.03B in the same period a year earlier. The company had reported EPS of $1.24 on revenue of $2.93B in the previous quarter.
For the year, State Street shares are down 10.8%, under-performing the S&P 500 which is up 20.92% year to date.
State Street follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported second quarter EPS of $2.82 on revenue of $29.57B, compared to forecasts of EPS of $2.51 on revenue of $28.84B.
Bank of America earnings beat analyst's expectations on Wednesday, with second quarter EPS of $0.74 on revenue of $23.08B. Investing.com analysts expected EPS of $0.71 on revenue of $23.12B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar