January 23, 2018 / 12:19 PM / 6 months ago

BRIEF-State Street Reports Q4 2017 GAAP-Basis EPS Of $0.89

Jan 23 (Reuters) - State Street Corp:

* STATE STREET REPORTS FOURTH-QUARTER 2017 GAAP-BASIS EPS OF $0.89, ROE OF 6.9% AND REVENUE OF $2.8 BILLION; INCLUDES ONE-TIME NET COST OF $270 MILLION OR -$0.72 PER SHARE RELATED TO TAX REFORM (1)

* STATE STREET CORP QTRLY OPERATING-BASIS DILUTED EPS AS REPORTED​ OF $1.83

* STATE STREET CORP - ‍EXPECTS BEACON TARGET SAVINGS OF $550 MILLION TO BE REALIZED BY MID-2019, 18 MONTHS AHEAD OF SCHEDULE​

* STATE STREET CORP QTRLY ‍OPERATING-BASIS TOTAL REVENUE $2,984​ MILLION VERSUS $2,749 MILLION YEAR AGO

* STATE STREET CORP - QTRLY TOTAL FEE REVENUE ON OPERATING BASIS $2,326​ MILLION VERSUS $2,200 MILLION LAST YEAR

* STATE STREET CORP - AT QUARTER-END ‍ASSETS UNDER MANAGEMENT WERE $2,782 MILLION VERSUS $2,673 MILLION AT Q3 END​

* STATE STREET CORP - QTRLY TOTAL EXPENSES ON OPERATING BASIS $1,998 MILLION VERSUS $2,143 MILLION LAST YEAR

* STATE STREET CORP - BASEL III ‍TIER 1 CAPITAL RATIO ON ADVANCED APPROACH WAS 15.5 PERCENT AS OF DEC 31, 2017​, VERSUS 15.8 PERCENT AS OF SEPT 30, 2017 Source text for Eikon: Further company coverage:

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