State Street shares are trading lower after after the company reported slightly worse-than-expected Q2 revenues as well as an increase in total expenses.
Portfolio Pulse from Benzinga Newsdesk
State Street Corporation reported lower-than-expected Q2 revenues and an increase in total expenses, leading to a decrease in its share price.
July 14, 2023 | 2:37 pm
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State Street's Q2 revenues fell short of expectations and total expenses increased, negatively impacting its stock price.
State Street's lower-than-expected Q2 revenues and increased expenses are likely to negatively impact investor sentiment, leading to a decrease in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100