- Q2 operating earnings of $569M or $1.37 per share vs.$603M and $1.39 one year ago. ROE of 10.4% down 150 basis points Y/Y.
- Assets under custody and administration of $28.65T up 0.9% Y/Y. AUM of $2.374T down 4.3%.
- Net interest revenue of $556M slipped from $575M one year ago, with NIM of 96 basis pints down 16 bps. Servicing fees of $1.325B up 2.9%. Total fee revenue of $2.18B up 3.7%.
- Expenses of $1.88B up from $1.82B one year ago.
- About $350M of stock bought back during quarter at average price of $78.79 per share; $1.45B remains under authorization.
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Conference call at 9:30 ET
- Previously: State Street EPS and revenue in-line (July 24)
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STT flat premarket