State Street Corporation (NYSE:STT) reported its Q3 results, with EPS of $1.82 coming in better than the Street estimate of $1.78. Revenue was $2.96 billion, compared to the Street estimate of $2.97 billion, including NIR of $660 million beating the Street estimate of $634 million, while fee revenue of $2.29 billion was below the Street estimate of $2.33 billion.
Analysts at Deutsche Bank view the quarter as being mixed while uncertainty around the closing of the BBH transaction lingers, though management believes this will be decided by year-end. The analysts reiterated their hold rating on the company.
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