Breaking News
Apr 17, 2023
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State Street Corp, the financial index manger, reported weaker-than-expected revenue and earnings.
Revenue in the first quarter ending in March 2023 increased 1% to $3.1 billion and net income declined 9% to $549 million from $604 million and diluted earnings per share fell to $1.52 from $1.57 a year ago.
Assets under management declined 10% to $3.6 billion from $4.02 billion a year ago, reflecting lower quarter-end market levels and net outflows.
STT
