U.S. custodian bank State Street to buy investment firm Charles River
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State Street (STT) PT Lowered to $102 at Deutsche Bank Following Mixed 2Q
July 23, 2018 7:03 AM EDTDeutsche Bank lowered its price target on State Street (NYSE: STT) to $102.00 (from $115.00) while maintaining a Buy rating following the company's 2Q earnings report. STTs 2Q18 core EPS of $2.03 beat $2.01 consensus but Deutsche Bank views 2Q results as mixed with weaker than expected core... More
State Street (STT) Misses Q2 EPS by 14c, Miss on Revenues
July 20, 2018 6:23 AM EDTState Street (NYSE: STT) reported Q2 EPS of $1.88, $0.14 worse than the analyst estimate of $2.02. Revenue for the quarter came in at $3.03 billion versus the consensus estimate of $3.07 billion.
2Q18 Results Include a $77 Million, or $0.17 Per Share, Repositioning Charge Related to Organizational Realignment2Q18 Revenue of $3.0 Billion, up 8% Compared to 2Q17, Reflecting Strength in Both Fee Revenue and Net Interest IncomeExpenses Down Sequentially; Beacon to Deliver $200 Million in Savings in 2018, up from $150... More