Investing.com - State Street (NYSE:STT) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
State Street announced earnings per share of $2 on revenue of $3.05B. Analysts polled by Investing.com anticipated EPS of $1.88 on revenue of $3.01B.
State Street shares are up 8.61% from the beginning of the year and are trading at $99.35 , down-from-52-week-high.They are outperforming the S&P 500 which is down 3.96% from the start of the year.
State Street shares lost 1.64% in pre-market trade the report.
State Street follows other major Financial sector earnings this month
State Street's report follows an earnings beat by JPMorgan on Friday, who reported EPS of $3.33 on revenue of $29.26B, compared to forecasts EPS of $3.01 on revenue of $29.78B.
Bank of America had beat expectations on Wednesday with fourth quarter EPS of $0.82 on revenue of $22.06B, compared to forecast for EPS of $0.7652 on revenue of $22.18B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar