More on State Street (STT +6.4%) Q4 earnings: It's a tale of two custodial banks as State Street...

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

More on State Street (STT +6.4%) Q4 earnings: It's a tale of two custodial banks as State Street continues its recent divergence from BNY Mellon. Net interest margin of 1.36% vs. 1.44% in Q3, 1.40% a year ago (BK declined 18 bps Y/Y to 1.09%). The firm continues cutting costs, announcing 630 job cuts in its SEC filing.