Investing.com - State Street (NYSE:STT) reported first quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $1.24 on revenue of $2.93B. Analysts polled by Investing.com forecast EPS of $1.21 on revenue of $2.92B. That compared to EPS of $1.62 on revenue of $3.02B in the same period a year earlier. The company had reported EPS of $1.68 on revenue of $2.99B in the previous quarter.
For the year, State Street shares are up 10.83%, under-performing the S&P 500 which is up 17.4% year to date.
State Street follows other major Financial sector earnings this month
On Friday, April 12, 2019, JPMorgan reported first quarter EPS of $2.65 on revenue of $29.85B, compared to forecasts of EPS of $2.35 on revenue of $28.44B.
Bank of America earnings beat analyst's expectations on Tuesday, April 16, 2019, with first quarter EPS of $0.7 on revenue of $23B. Investing.com analysts expected EPS of $0.66 on revenue of $23.16B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar