State Street (STT) reported earnings on Fri 20 July 2018 (b/o)

** charts after earnings **

 

State Street misses by $0.13, reports revs in-line 

• Reports Q2 (Jun) earnings of $1.88 per share, $0.13 worse than the Capital IQ Consensus of $2.01; revenues rose 7.7% year/year to $3.03 bln vs the $3.05 bln Capital IQ Consensus.
  • Q2 Net interest margin:  1.46% vs 1.40% in Q1
• Key metrics: Relative to 2Q17, under the standardized approach, the estimated Basel III common equity tier 1 ratio for 2Q18 increased 10 basis points to 11.3%. The estimated 2Q18 leverage ratio was 7.1%, reflecting an increase of 10 basis points from 2Q17.