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State Street: beats consensus in Q4

(CercleFinance.com) - The State Street stock is up almost 4% in early trading on Wall Street, after the US financial institution published Q4 2019 adjusted EPS that is up 68% at 1.
73 dollar, five cents above the consensus.

This improvement reflects an 8.8% reduction in operating expenses to 2.27 billion, while revenues were oretty flat (+0.8%) at 3.05 billion dollars. A 1,8% increase in commission revenues offset an 8.8% decline in net interest income.

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