State Street reported third quarter earnings that missed analyst's expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.87 on revenue of $2.95B. Analysts polled by anticipated EPS of $1.89 on revenue of $3.02B. That compared to EPS of $1.83 on revenue of $3.00B in the same period a year earlier The company had reported EPS of $2.05 on revenue of $3.03B in the previous quarter.
For the year, State Street shares are down 18.88%, under-performing the S&P 500 which is up 3.17% year to date.
State Street follows other major Financial sector earnings this month
On Tuesday, JPMorgan (NYSE:JPM) reported fourth quarter EPS of $ on revenue of $, compared to forecasts of EPS of $2.24 on revenue of $27.41B.
Bank of America (NYSE:BAC) earnings missed analyst's expectations on Wednesday, with fourth quarter EPS of $ on revenue of $. analysts expected EPS of $0.65 on revenue of $22.76B
Stay up-to-date on all of the upcoming earnings reports by visiting 's earnings calendar
