Jul. 15 at 1:56 PM
$STT beats earnings, but why's the stock slipping? 🤔
Adjusted EPS of
$2.53 surpassed estimates, driven by fee revenue growth and higher AUC/A and AUM. Yet, higher adjusted expenses, a jump in provisions, and lower NII are dragging shares down 3.8% in pre-market trading.
Full breakdown here 👉 https://www.zacks.com/stock/news/2582831/state-streets-q2-earnings-top-as-fee-income-rises-yy-stock-down?cid=sm-stocktwits-2-2582831-body-1804&ADID=SYND_STOCKTWITS_TWEET_2_2582831_BODY_1804