4 Financial Stocks Draw Trading Volatility Post Earnings

State Street Corp. (NYSE:STT) delivered double-digit profit growth AND topped Wall Street’s revenue expectation. Net income increased 22.8% to $468 million ($1 per diluted share) in the quarter versus a net gain of $381 million in the year-earlier quarter. Revenue decreased 2.96% to $2.46 billion from the year-earlier quarter.

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State Street Corp. reported adjusted net income of $1 per share. By that measure, the company met the mean analyst estimate of $1. It beat the average revenue estimate of $2.36 billion.

STT

SunTrust Banks, Inc. (NYSE:STI) topped Wall Street’s profit expectation, BUT came up short on beating the revenue estimate. Net income increased 372.97% to $350 million (65 cents per diluted share) in the quarter versus a net gain of $74 million in the year-earlier quarter. Revenue rose 1.5% to $2.3 billion from the year-earlier quarter.

SunTrust Banks, Inc. reported adjusted net income of 65 cents per share. By that measure, the company beat the mean analyst estimate of $0.61. It missed the average revenue estimate of $2.32 billion.

STI

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Capital One Financial Corp. (NYSE:COF) delivered a strong profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. Net income increased 107.13% to $843 million ($1.41 per diluted share) in the quarter versus a net gain of $407 million in the year-earlier quarter. Revenue rose 22.84% to $5.62 billion from the year-earlier quarter.

Capital One Financial Corp. reported adjusted net income of $1.41 per share. By that measure, the company missed the mean analyst estimate of $1.6. It missed the average revenue estimate of $5.8 billion.

COF

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Progressive Corp. (NYSE:PGR) generated a profit and exceeded Wall Street’s expectations. Net income decreased -2.96% to $249.1 million (41 cents per diluted share) in the quarter versus a net gain of $256.7 million in the year-earlier quarter. Revenue decreased 2.31% to $3.84 billion from the year-earlier quarter.

Progressive Corp. reported adjusted net income of 41 cents per share. By that measure, the company beat the mean analyst estimate of $0.34. It beat the average revenue estimate of $3.79 billion.

PGR

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