State Street Corp (STT)

State Street's (STT) stock dropped 12.08% Friday. It disclosed Friday that its net interest income, which measures the difference between what it earns from loans and pays out in deposits, fell 10% when compared to the first quarter. That's largely because of rising deposit rates and a rotation by State Street customers out of non-interest bearing deposits as they seek higher yields. The bank now expects net interest income to drop 12% to 18% in the coming quarter.

https://finance.yahoo.com/news/bank-results-flash-warning-signs-for-wall-street-114703541.html

State Street Corporation (STT) is currently down by 9.27%. This decline in the stock price could be due to the fact that the company is expected to report quarterly earnings per share of $1.64 on revenue of $3.12 billion, which is lower than what investors were anticipating. As a result, the disappointment among investors has led to a decrease in demand for the stock and a drop in its price.

https://www.barrons.com/articles/state-street-earnings-stock-price-9c54d0b7