State Street (STT +4.7%) soars following an earnings beat and a FT report Nelson Peltz has...

|About: State Street Corporation (STT)|By:, SA News Editor

State Street (STT +4.7%) soars following an earnings beat and a FT report Nelson Peltz has gained 3 major allies in his quest to force changes at the company. Management is listening: "The moves we're making today ... put us in a position where (compensation costs as a percentage of revenue) should go down over time," says CEO Joseph Hooley at the beginning of today's conference call Q&A.