Investing.com - State Street (NYSE:STT) reported on Friday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
State Street announced earnings per share of $1.94 on revenue of $2.95B. Analysts polled by Investing.com anticipated EPS of $1.77 on revenue of $3.02B.
State Street shares are down 35.66% from the beginning of the year and are trading at $61.96 , down-from-52-week-high.They are under-performing the S&P 500 which is down 20.47% from the start of the year.
State Street shares gained 3.54% in pre-market trade the report.
State Street follows other major Financial sector earnings this month
State Street's report follows an earnings missed by JPMorgan on Thursday, who reported EPS of $2.76 on revenue of $30.72B, compared to forecasts EPS of $2.94 on revenue of $31.82B.
Wells Fargo&Co had missed expectations on Friday with second quarter EPS of $0.82 on revenue of $17.03B, compared to forecast for EPS of $0.8526 on revenue of $17.62B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar