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State Street Corp
STT reported a strong rise in its fourth-quarter net income.
State Street's quarterly net income climbed to $371 million, or $0.76 per share, from $81 million, or $0.16 per share, in the year-ago period. Its adjusted earnings came in at $0.93 per share. Its revenue surged to $2.32 billion from $2.04 billion. However, analysts were expecting of $0.94 per share on revenue of $2.41 billion.
STT shares dropped 0.44% to close at $42.75 yesterday.
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