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Wednesday, July 27, 2016

State Street (STT) reported earnings on Wed 27 Jul 2016 (b/o)

** charts before earnings **


  




** charts after earnings **




State Street beats by $0.20, misses on revs  :
  • Reports Q2 (Jun) earnings of $1.46 per share, excluding non-recurring items, $0.20 better thanthe Capital IQ Consensus of $1.26; revenues fell 1.3% year/year to $2.57 bln vs the $2.65 bln Capital IQ Consensus.
  • "... Although it is still early days following the Brexit vote, we view the diverse and complex $30 trillion European investment market as a significant opportunity that we are well positioned for, given the scope and footprint of our European operations. Therefore, our long-term outlook for our European operations has not been materially impacted by the referendum, other than the impact of anticipated persistence of lower market interest rates."

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