State Street Reports Higher Q3 Profit and Revenue, but Fee Revenue Misses Estimates
State Street's third-quarter profit and revenue rose, while fee revenue missed analyst estimates. Its new full-year forecast implies fourth-quarter guidance above sell-side expectations.
State Street reported higher third-quarter profit and revenue, but the results weren't enough to please Wall Street. The company's fee revenue missed analyst estimates, and while the fourth-quarter guidance implied by its new full-year forecast is above sellside expectations, "the bar has gotten ve…