BUZZ-State Street falls on lower Q1 fee revenue** Shares of custodian bank State Street STT.N fall 3% to $77.26 premarket
** The bank posts Q1 fee revenue at $2.57 billion, missing analysts' estimates of $2.60 billion, according to data compiled by LSEG
** Assets under custody and administration rose 6% to $46.7 trillion
** Company reports net interest income - the difference between what it earns on assets and pays out on liabilities - at $714 million, missing analysts' estimates of $728 million
** Including session's moves, stock has fallen 18.9% YTD
(Reporting by Siddhi Mahatole)
((siddhi.mahatole@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments