State Street

State Street Corp. operates as a financial holding company. It conducts business primarily through State Street Bank. The firm operates through following business lines: Investment Servicing and Investment Management. The Investment Servicing business offers custody, product and participant-level accounting, daily pricing and administration, master trust and master custody, record-keeping, cash management, foreign exchange, brokerage and other trading services, securities finance, deposit and short-term investment facilities, loans and lease financing, investment manager and alternative investment manager operations outsourcing, and performance, risk and compliance analytics. The Investment Management business provides services through State Street Global Advisors, which provides a broad array of investment management, investment research and investment advisory services to corporations, public funds and other sophisticated investors. It offers strategies for managing financial assets, including passive and active, such as enhanced indexing, using quantitative and fundamental methods for both the U.S. and global equities and fixed-income securities. The company was founded in 1792 and is headquartered in Boston, MA.

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State Street exceeds Q4 expectations, eyes growth amidst challenges

State Street's Q4 2022 performance showcased resilience in a tough economic environment, with a focus on cost management and capital strength. The company is optimistic about growth opportunities in 2023, despite facing challenges in asset servicing and interest income forecasting.

State Street Q1 2023 Earnings: Resilient Performance Amid Market Challenges

State Street navigated market volatility in Q1, maintaining financial strength and returning capital to shareholders. Challenges include managing expenses, revenue impact from customer behavior, and provisioning sensitivity. Opportunities lie in revenue growth from acquisitions, new business installations, and optimizing RWA dynamics.

State Street reports solid Q2 performance amidst NII challenges

State Street delivered strong financial results in Q2 2023, with growth in key metrics and a focus on capital management and productivity enhancements.
Challenges lie ahead in NII, expense control, and potential regulatory impacts, but the company is proactively addressing these issues.
Opportunities exist in asset growth, deposit management, and client relationships, positioning State Street for continued success in the financial services industry.

State Street reports robust Q3 earnings, eyes private market growth

State Street's Q3 performance showcased strong financial results, emphasizing growth in AUC/A and successful asset servicing wins. The company's focus on cost management, revenue growth, and strategic initiatives positions it well for positive fee operating leverage in 2024. Challenges include managing expenses amid inflationary pressures and navigating evolving market dynamics.

State Street reports robust 2023 performance amidst NII challenges

State Street's strong financial performance, strategic initiatives, and shareholder value focus position the company for continued growth and resilience in 2024.
While facing challenges such as potential NII declines and regulatory uncertainties, State Street can leverage opportunities in digital assets, private markets, and client base expansion for future success.
By navigating challenges effectively, capitalizing on growth opportunities, and maintaining financial strength, State Street aims to drive positive performance and value creation for shareholders in the year ahead.

State Street (STT) reports strong Q1 performance and growth opportunities

State Street's Q1 2024 performance showcased robust financial results, record AUC/A, and strategic priorities for growth and efficiency.
While challenges like NII decline and expense management persist, opportunities in productivity enhancement and private markets growth are promising.
Investors can look forward to capital returns and ongoing technology investments driving operational improvements at State Street.
Overall, State Street's focus on financial strength, operational efficiency, and strategic growth initiatives positions it well for the future.

State Street reports strong Q2 earnings, eyes growth opportunities

State Street's Q2 2024 earnings call highlighted robust financial performance, strategic wins in asset services, and a focus on client engagement and operational efficiency.
The company's emphasis on sustained momentum, organic growth, and shareholder value enhancement underscored its commitment to driving long-term success and delivering value to stakeholders.
While facing potential challenges from market dynamics and regulatory changes, State Street remains well-positioned to leverage opportunities for growth, innovation, and market expansion in the financial services sector.

State Street reports record Q3 earnings and strategic growth outlook

State Street's Q3 2024 earnings call highlighted strong financial performance, operational efficiency, and strategic growth initiatives. The company achieved record EPS, strong ROE, and revenue growth, supported by the success of its State Street Alpha platform and Global Advisors.
While facing challenges such as CFO transition and market dynamics, State Street remains well-positioned to capitalize on opportunities for expansion, innovation, and sustainable growth. The company's focus on shareholder value, client trust, and market recognition underpins its competitive strength and resilience.
With an improved outlook, State Street is poised to navigate challenges, leverage opportunities, and drive long-term value creation for stakeholders. By prioritizing innovation, client-centric solutions, and financial stewardship, State Street aims to sustain its growth trajectory and competitive edge in the financial services industry.

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State Street Corp. engages in the provision of financial services to institutional investors. It operates through the Commercial and Financial Loans, and Commercial Real Estate Loans segments. The company was founded in 1792 and is headquartered in Boston, MA.

BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT) invites all investors to Times Square, the crossroads of the world, on Tuesday, October 29 for a record setting bell ringing and immersive Times Square takeover experience. State Street Global Advisors, the firm that made history three decades ago by putting the stock market into everyone's hands with the launch of the first US-listed exchange traded fund (ETF), invites a.

State Street Global Advisors Invites All Investors to Help Us Attempt to Set a GUINNESS WORLD RECORDS™ Title in Times Square and Celebrate Our Commitment to Helping Investors Reach Their Financial Goals

BOSTON--(BUSINESS WIRE)--State Street Corporation (“State Street”) (NYSE: STT) announced today an issuance of $2.3 billion in aggregate principal amount of senior debt. The offering, which closed today, was structured in keeping with State Street's ongoing inclusion, diversity, and equity efforts, with Siebert Williams Shank & Co., LLC acting as a joint book-running manager, and CAVU Securities LLC, C.L. King & Associates, Inc., Penserra Securities LLC and Roberts & Ryan, Inc., each.

State Street Announces Issuance of $2.3 Billion of Senior Debt

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Does State Street Corporation (STT) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why State Street Corporation (STT) is a Great Choice

State Street Corporation (NYSE:STT ) Q3 2024 Earnings Conference Call October 15, 2024 12:00 PM ET Company Participants Elizabeth Lynn - Global Head, Investor Relations Ron O'Hanley - Chief Executive Officer Eric Aboaf - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore Brennan Hawken - UBS Financial Alex Blostein - Goldman Sachs Betsy Graseck - Morgan Stanley Brian Bedell - Deutsche Bank Jim Mitchell - Seaport Global Securities Gerard Cassidy - RBC Operator Good morning, and welcome to State Street Corporation's Third Quarter 2024 Earnings Conference Call and Webcast. Today's discussion is being broadcasted live on State Street's website at investors.statestreet.com.

State Street Corporation (STT) Q3 2024 Earnings Call Transcript

STT records increased revenues and expenses in the third quarter of 2024.

State Street's Q3 Earnings Top Estimates, Revenue Rise Y/Y

While the top- and bottom-line numbers for State Street (STT) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

State Street (STT) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

State Street Corporation (STT) came out with quarterly earnings of $2.26 per share, beating the Zacks Consensus Estimate of $2.08 per share. This compares to earnings of $1.93 per share a year ago.

State Street Corporation (STT) Beats Q3 Earnings and Revenue Estimates

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NEW YORK , Oct. 15, 2024 /PRNewswire/ -- S&P Global (NYSE: SPGI) today announced the appointment of Eric Aboaf as Chief Financial Officer, effective February 2025. As an Executive Vice President and member of the Executive Leadership Team, Mr.

S&P Global Appoints Eric Aboaf as Chief Financial Officer

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) reported its third-quarter 2024 financial results today. The news release, presentation and additional financial information can be accessed on State Street's Investor Relations website, http://investors.statestreet.com. A conference call to discuss the firm's financial results, outlook and related matters will be held at 12:00 p.m. ET today, Tuesday, October 15, 2024. The call will be open to the public. The conference call will be.

State Street Corporation (NYSE: STT) Reports Third-Quarter 2024 Financial Results

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced that Eric Aboaf, vice chairman and chief financial officer (CFO), has made the decision to accept a new opportunity outside of banking and is expected to leave State Street in February of 2025. State Street has commenced its succession plan with a formal internal and external search process and Aboaf will stay on and work closely with the State Street team into February to ensure an orderly transition. “Over the cours.

State Street CFO to Depart for New Position Following Transition Period

Fee revenues are likely to have aided STT's third-quarter 2024 earnings, while a fall in net interest revenues and high costs are likely to have hurt the same.

Fee Revenues to Aid State Street Q3 Earnings, NIR & Expenses to Hurt

Besides Wall Street's top -and-bottom-line estimates for State Street (STT), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.

Seeking Clues to State Street (STT) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today its continued strategic expansion into Mexico, marking a significant milestone in its broader growth strategy for Latin America. The firm has appointed Maria Ximena Vasquez Barbosa as Regional Sales Head Latin America & Caribbean to lead the company's efforts in this key market. Maria Ximena will be based in Mexico City and report to Oliver Berger, executive vice president and head of Emerging Growth Markets for S.

State Street Expands Strategic Growth in Mexico as Part of Latin America Commitment

State Street (STT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

State Street Corporation (STT) Reports Next Week: Wall Street Expects Earnings Growth

Shares of State Street Corporation (STT, Financial) have proved an excellent investment of late. The stock has delivered a total return of roughly 33% over the past year.

Is State Street Corporation A Value Play or Value Trap?

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) and TCW announced today an expansion of their decades-long partnership that now includes the provision of middle office services. This engagement builds on and grows the existing suite of services that State Street continues to provide TCW, including administrative and custody services to support TCW's public and private fund complexes and capital for TCW's alternatives platform. TCW will leverage State Street's technical expertise a.

State Street Appointed by TCW to Provide Investment Services

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced an extension of its exchange traded fund (ETF) and mutual fund servicing relationship with VanEck, a leading global asset management firm. The new, extended agreement includes comprehensive support for VanEck's expanding range of ETF funds, and reflects State Street's commitment to providing innovative solutions and enhanced services to meet the dynamic demands of the global ETF marketplace. “We're thrilled to further.

State Street Extends ETF Servicing Relationship with VanEck

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does State Street Corporation (STT) have what it takes?

Why State Street Corporation (STT) is a Great Dividend Stock Right Now

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced the appointment of Vanessa Fernandes as head of Digital Asset Solutions. Fernandes, who will be based in New Jersey, will report directly to Donna Milrod, chief product officer at State Street. With more than 25 years of financial services experience in technology and operations, Fernandes will partner with business leaders across product, technology, operations, as well as the Chief Commercial Office to drive the ove.

State Street Appoints Vanessa Fernandes as Head of Digital Assets

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Next week features 13 dividend increases, including Illinois Tool Works (7.4%) and Federal Realty Investment Trust (0.9%), both Dividend Kings. My strategy focuses on buying, holding, and adding companies with consistent dividend growth and market outperformance, using data from U.S. Dividend Champions and NASDAQ. I use SCHD and RNP as benchmarks; if a stock can't outperform these, I prefer investing in the ETFs.

13 Upcoming Dividend Increases Including 2 Kings

BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT) today announced the introduction of its SPDR® SSGA MyIncome ETFs – the first actively managed corporate and municipal target maturity bond ETFs in the U.S. market. This suite of 14 actively managed target maturity ETFs with different maturity years ranging from 2026 to 2034, seeks to provide investors with the ability to build their own custom bond ladder portfolios to ma.

State Street Global Advisors Launches Industry's First Actively Managed Corporate and Municipal Target Maturity ETFs

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Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.

Gold can move higher as Fed starts easing cycle, but unlikely to hit $3,000 before 2025 - State Street's George Milling-Stanley

Despite trading above its 200-day SMA, State Street is still undervalued to key peers on the P/E ratio, presenting a value opportunity. 3% dividend yield, past dividend growth, and future prospects for sustainable and growing dividends. Despite a higher debt-to-equity ratio than peers, STT has strong regulatory capital and stress test results, supporting its financial stability.

State Street: Strong Regulatory Capital And Positives Outweigh The Negatives (Rating Upgrade)

BOSTON--(BUSINESS WIRE)--State Street has placed an additional round of deposits through two MDIs and CDFIs.

State Street Announces Additional Round of Deposit Placements through Minority Depository Institutions and Community Development Financial Institutions

News for State Street Stock (STT)