Advertisement
UK markets close in 8 hours 24 minutes
  • FTSE 100

    7,877.05
    0.00 (0.00%)
     
  • FTSE 250

    19,450.67
    0.00 (0.00%)
     
  • AIM

    745.29
    0.00 (0.00%)
     
  • GBP/EUR

    1.1675
    -0.0008 (-0.07%)
     
  • GBP/USD

    1.2435
    -0.0004 (-0.03%)
     
  • Bitcoin GBP

    52,163.85
    +2,966.73 (+6.03%)
     
  • CMC Crypto 200

    1,318.54
    +5.91 (+0.45%)
     
  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     
  • DOW

    37,775.38
    +22.07 (+0.06%)
     
  • CRUDE OIL

    83.90
    +1.17 (+1.41%)
     
  • GOLD FUTURES

    2,401.30
    +3.30 (+0.14%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     
  • HANG SENG

    16,237.29
    -148.58 (-0.91%)
     
  • DAX

    17,837.40
    +67.38 (+0.38%)
     
  • CAC 40

    8,023.26
    +41.75 (+0.52%)
     

State Street’s Total Expenses Rise

State Street’s Total Expenses Rise

In 1Q18, State Street’s (STT) total expenses rose 5.9% QoQ (quarter-over-quarter) and 8.1% YoY (year-over-year) to $2.3 billion, while its compensation and employee benefit expenses rose 17.1% QoQ and 7.1% YoY to $1.2 billion. Its transaction processing service expenses rose 22.8% YoY to $242 million from $197 million, and 10.5% QoQ, due to upward market momentum and higher client volumes.