STT · State Street Corp.
AI read · Good for STT
The AI's read
More money from client fees and interest, plus a larger share of sales left after expenses, points to stronger business activity. Growth in assets held for clients adds support. Sales fell slightly short of forecasts, and the bank's capital cushion fell to 11%. Still, fee and interest income grew, and the company reported 11 straight quarters of income growing faster than costs, excluding unusual items.