Investing.com - State Street (NYSE:STT) reported third quarter earnings that beat analysts' expectations on Friday and revenue that topped forecasts.
The firm reported earnings per share of $1.51 on revenue of $2.90B. Analysts polled by Investing.com anticipated EPS of $1.4 on revenue of $2.86B. That compared to EPS of $1.87 on revenue of $2.95B in the same period a year earlier. The company had reported EPS of $1.45 on revenue of $2.87B in the previous quarter.
State Street shares gained 3.84% to trade at $62.00 in pre-market trade following the report.
For the year, State Street shares are down 5.33%, under-performing the S&P 500 which is up 21.03% year to date.
State Street follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported third quarter EPS of $2.68 on revenue of $30.06B, compared to forecasts of EPS of $2.45 on revenue of $28.46B.
Bank of America earnings beat analyst's expectations on Wednesday, with third quarter EPS of $0.56 on revenue of $22.8B. Investing.com analysts expected EPS of $0.55 on revenue of $22.59B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar