Investing.com - State Street (NYSE:STT) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
State Street announced earnings per share of $1.59 on revenue of $3.08B. Analysts polled by Investing.com anticipated EPS of $1.5 on revenue of $3.05B.
State Street shares are down 10.91% from the beginning of the year and are trading at $83.91 , down-from-52-week-high.They are under-performing the S&P 500 which is down 6.71% from the start of the year.
State Street shares gained 1.28% in pre-market trade after the report.
State Street follows other major Financial sector earnings this month
State Street's report follows an earnings missed by JPMorgan on Wednesday, who reported EPS of $2.63 on revenue of $30.72B, compared to forecasts EPS of $2.7 on revenue of $30.63B.
Industrial Commercial Bank of China had beat expectations on Wednesday, March 30, 2022 with first quarter EPS of $0.7567 on revenue of $34.21B, compared to forecast for EPS of $0.5946 on revenue of $32.96B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar