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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

SPY Parent State Street's Q2 Beat Overshadowed By Rising Costs, Dwindling Net Interest Income

State Street STT
State Street-Photo by JHVEPhoto via Shutterstock

State Street Corporation (NYSE:STT) shares are trading lower on Tuesday after reporting second-quarter results.

The company reported adjusted earnings per share of $2.53, beating the analyst consensus estimate of $2.37. Quarterly sales of $3.448 billion (+8% year over year) outpaced the Street view of $3.347 billion.

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