State Street (STT) shares plummeted 5.11% during Friday's intraday trading session following the release of its fourth-quarter 2025 financial results.
The custody bank reported earnings of $2.42 per share, missing the FactSet consensus estimate of $2.89. Net income declined to $747 million from $783 million a year earlier, driven by a 12% surge in expenses to $2.74 billion, including $206 million in restructuring costs.
While revenue rose 7.5% year-over-year to $3.67 billion, beating expectations, investors focused on the profitability pressures from higher operating costs, particularly in technology and compensation.
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