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State Street (STT) Q4 Earnings Top Estimates on Cost Savings
State Street’s STT fourth-quarter 2019 adjusted earnings of $1.98 per share outpaced the Zacks Consensus Estimate of $1.70. Also, the figure was 18.6% above the prior-year quarter level.
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For 2019, adjusted earnings of $6.17 per share was down 14.2% but beat the consensus estimate of $5.88. After considering several non-recurring items, net income available to common shareholders was $2.15 billion, down 10.6%.
Revenues Up, Expenses Down
Total revenues for the quarter were $3.05 billion, increasing 5% year over year. Also, the top line beat the Zacks Consensus Estimate of $2.92 billion.
For 2019, total revenues fell 3% to $11.76 billion. However, the figure beat the Zacks Consensus Estimate of $11.64 billion.
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https://finance.yahoo.com/news/state-str...02000.html
![[Bild: STTc1dl1716.png]](https://finviz.com/publish/011720/STTc1dl1716.png)
State Street’s STT fourth-quarter 2019 adjusted earnings of $1.98 per share outpaced the Zacks Consensus Estimate of $1.70. Also, the figure was 18.6% above the prior-year quarter level.
...
For 2019, adjusted earnings of $6.17 per share was down 14.2% but beat the consensus estimate of $5.88. After considering several non-recurring items, net income available to common shareholders was $2.15 billion, down 10.6%.
Revenues Up, Expenses Down
Total revenues for the quarter were $3.05 billion, increasing 5% year over year. Also, the top line beat the Zacks Consensus Estimate of $2.92 billion.
For 2019, total revenues fell 3% to $11.76 billion. However, the figure beat the Zacks Consensus Estimate of $11.64 billion.
...
https://finance.yahoo.com/news/state-str...02000.html
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