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State Street has today announced its second quarter results, reporting a GAAP-BASIS EPS of $0.94, on revenue of $2.6billion. It also reported that:
- Second-quarter 2015 operating-basis EPS was $1.37, down 1.4% compared to the second quarter of 2014, with a 2.1% increase in revenue to $2.7 billion
- Servicing fees increased 2.9% compared to the second quarter of 2014 and increased 4.1% compared to the first quarter of 2015
In announcing today's financial results, Joseph L. Hooley, State Street's chairman and chief executive officer said, "Second-quarter 2015 results reflect the strength of our core business, as evidenced by 4% growth in servicing fees compared to the first quarter of 2015, and also reflect the benefit of seasonal securities finance activity.”
Please find full announcement attached.
