Advertisement
Australia markets closed
  • ALL ORDS

    8,065.50
    +113.20 (+1.42%)
     
  • AUD/USD

    0.6600
    -0.0026 (-0.39%)
     
  • ASX 200

    7,793.30
    +110.90 (+1.44%)
     
  • OIL

    78.48
    0.00 (0.00%)
     
  • GOLD

    2,328.30
    -2.90 (-0.12%)
     
  • Bitcoin AUD

    96,656.98
    -1,041.16 (-1.07%)
     
  • CMC Crypto 200

    1,368.88
    +3.76 (+0.28%)
     

Why Shares of State Street Are Plunging Today

Why Shares of State Street Are Plunging Today

Shares of large custodian bank State Street (NYSE: STT) traded more than 13% lower as of 10:29 a.m. ET today. State Street reported diluted earnings per share of $1.52 on total revenue of roughly $3.1 billion. The main culprit behind the miss was a drop in fee revenue, which fell 1% in the quarter and was down 9% year over year.