State Street reports Q1 EPS $2.04, consensus $2.01

Reports Q1 revenue $3.28B, consensus $3.32B. Reports Q1 AUM $4.67T. Reports Q1 CET1 capital ratio 11%. Ron O’Hanley, chairman and CEO: “Our first quarter results reflect cross-firm growth, strong financial performance and a solid start to the year. Through broad-based year-over-year fee revenue growth and continued expense discipline, we achieved positive fee and total operating leverage alongside healthy pre-tax margin expansion, all while continuing to return capital to our shareholders.”