Quarterly earnings on State Street, strong payment revenues, 39% jump on low costs

(Reuters) – Thursday -Custodian Bank State Avenue, 39% in the first quarter in the first quarter, more than 39% of the higher payments and higher payments.

The bank’s protection and management assets increased by 6% to $ 46.7 trillion before March 31, and previously managed with higher market levels and flows. His total fee revenues reached $ 6% to $ 2.57 billion in a quarter.

However, the financial markets caused by uncertainties around the US trade policy are expected to earn income from contrast, trust banks service and asset management institutions.

Analysts say that there are the largest number of landing markets between the state street and the trust banks, because a greater share of its income comes from the management of services and assets.

“The world’s investors and global economy, trade, deficiencies navigate with the period of geopolitical and government policy around tax and regulation,” Ceo Ron O’hanhley said.

“The existing environment, the power and effectiveness of our value offer to customers offers a unique opportunity for us.”

Analysts expect the effect of the effect in the second quarter resulting in the decline in market weakness.

In the first quarter, the costs of the State Street fell to 3% to $ 2.45 billion in 3%, and helped with a lump sum in advance.

His quarterly profit rose to $ 644 million, $ 2.04 per share or $ 1.37 per share in a year.

The Bank’s foreign exchange trade services are 9.4% to 9.4% in a quarterly increased quarter with higher market volatility.

Rival Bny defeated the expectations of quarterly earnings on higher interest income last week. Meanwhile, the northern confidence is preparing to relieve the savings season for confidence banks, and the results are preparing to express the results.

Stock shares of the State Street this year, Benchmark S & P 500 index, 19% of the 19% plunged this year compared to 10% slide.

(Rurports with Airus Due, Edreya Bisawas)