State Street misses by $0.01, reports revs in-line (71.05)
- Reports Q4 (Dec) earnings of $1.68 per share, excluding non-recurring items, $0.01 worse than the S&P Capital IQ Consensus of $1.69; revenues rose 4.9% year/year to $2.99 bln vs the $2.96 bln S&P Capital IQ Consensus.
- Net interest income increased from 4Q17, driven by higher market interest rates in the U.S. and disciplined liability pricing, partially offset by a mix shift to HQLA