State Street reports Q3 EPS of $3.69; revenue and fee outlook draw scrutiny

On Oct. 14, State Street reported Q3 revenue of $4.0B (+13%), EPS of $3.69, record servicing and management fees, and $59.2T in AUC/A. It said it won its first Wealth Services mandate with a large U.S. RIA. Shares fell about 8% as revenue of $4.004B missed estimates of $4.03B; fee revenue was $3.14B.