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.

Earnings data Q1 2021

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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.

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U.S. bank shares slid on Tuesday after Moody's downgraded several small to mid-sized banks and said it may revise the credit ratings of some of the nation's biggest lenders, sparking concerns about the health of the lenders.

Quotes - U.S. bank stocks slide after Moody's ratings downgrade

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U.S.-listed exchange-traded funds that buy bank stocks fell on Tuesday, after Moody's Investors Service late said it put a handful of major U.S. banks on review for a possible downgrade and lowered debt ratings on several small and midsize banks.

Bank ETFs head for worst day in 3 months after credit downgrades, warnings rattle sector

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Moody's Investors Service lowered the ratings for 10 banks, including US Bancorp, Bank of New York Mellon, State Street, and Truist Financial.

Moody's cuts credit ratings for banks amid commercial real estate pressures

Ratings agency Moody's said the U.S. banking sector is still strong even after it downgraded several small to mid-sized lenders and warned it might cut the ratings of several major banks.

Moody's says US banks are still strong despite downgrades

Moody's lowered its credit ratings on a bunch of U.S. based small and mid-sized banks on Tuesday and placed some of their bigger peers on negative review as well. U.S.

Moody's lowers its credit ratings on U.S. banks

Ratings agency Moody's cut the credit ratings of several small and midsized banks late Monday and warned other big lenders, citing profitability challenges and funding risks.

Moody's Downgrades Credit Ratings For 10 Banks, Puts Six Others On Notice

Moody's downgraded several small and mid-sized banks and put six major Wall Street lenders on negative watch amid concerns over higher interest rates.

Moody's downgrades US banks, warns of possible cuts to major lenders

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Bank stocks fell after Moody's downgraded credit ratings for several regional lenders, and marked large banks for review as profit issues arise.

Moody's Raises Profit Questions On U.S. Regional Banks

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Shares of the 15 largest American banks each fell 2% or more after Moody's issued a chilly update on the closely-watched sector.

Banks' Near $50 Billion Stock Losses Set Up Market For Among Worst Days Of 2023

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Ratings agency Moody's on Monday downgraded several mid-sized U.S. banks, warning that the credit strength of lenders will likely be tested by funding risks and weaker profits.

Factbox: Major US banks downgraded by Moody's on worsening outlook

Moody's on Monday cut the credit ratings of a host of small and mid-sized U.S. banks and placed several Wall Street big names on negative review.

Moody's cuts ratings of 10 U.S. banks and puts some big names on downgrade watch

Moody's Investors Services may downgrade its credit ratings on six major U.S. banks, including U.S. Bancorp, State Street Corp., and Bank of New York Mellon Corp., and has downgraded its debt ratings on several small and mid-sized banks as part of the credit ratings agency's rash of rating actions on U.S. banks late Monday.

Moody's places credit ratings of 6 major U.S. banks on review for downgrade

Ratings agency Moody's downgraded the credit ratings of several U.S. banks on Monday and warned it was reviewing the status of some of the nation's biggest lenders.

Moody's downgrades 10 US banks, warns of possible cuts to others

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that it has issued an aggregate principal amount of $1.5 billion of senior unsecured debt. The offering, which closed today, was structured in keeping with State Street's core inclusion, diversity and equity efforts, with Academy Securities, Inc. and Loop Capital Markets LLC acting as joint book-running managers, and Blaylock Van, LLC, CastleOak Securities, L.P. and R. Seelaus & Co., LLC each acting as co-managers.

State Street Partners With Diverse Firms to Underwrite $1.5 Billion of Senior Unsecured Debt

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Bank fundamentals were challenged but results were better than worst-case fears as higher interest rates boosted bank loan yields, Jefferies analyst Ken Usdin said Thursday in the firm's summary of second-quarter profits for the 36 large and mid-sized banks in its coverage universe.

JPMorgan, Goldman and Morgan Stanley win praise in Jefferies Q2 bank earnings wrap

To strengthen its global presence, State Street (STT) announces assuming full ownership of its joint venture with the Atos Group in India.

State Street (STT) to Take Full Ownership of India Venture

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My Top 10 High Yield Dividend Stocks For August 2023

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that as part of its ongoing transformation and productivity initiatives, it is streamlining its operating model in India and intends to assume full ownership of the company's joint venture with the Atos Group (originally established with Syntel, Inc.). This consolidation, which is expected to be complete by the fourth quarter 2023, will continue the transformation of State Street's global operations. State Street also.

State Street Consolidates Operating Model in India

BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced total expense ratio (“TER”) reductions on 10 funds in its low-cost SPDR Portfolio ETF suite. These reductions make the funds the lowest or among the lowest-cost ETF offerings in their respective peer groups.1 Effective August 1 2023, the total expense ratios of the following funds were lowered as follows: Ticker Name Previous TER (bps)* New TER (bps) SPLG.

State Street Global Advisors Enhances its SPDR® Portfolio ETF™ Suite

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The world's largest asset managers remain far off track to meet their commitments to claim net-zero carbon emissions by 2050, according to a global study released by FinanceMap during European hours Tuesday.

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Higher rates, inorganic growth strategy and global reach are likely to keep supporting State Street (STT). However, rising expenses and substantial exposure to fee income are major near-term woes.

State Street (STT) Rides on Expansion Efforts Amid Expense Woes

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced that it has been appointed by abrdn to service its first actively managed exchange traded fund (ETF) in Europe. State Street will provide abrdn, a leading European asset manager with £500bn1 in assets under management and administration (AUMA), with custody, fund accounting, order-taking, transfer agency services and ETF servicing. State Street has been working closely with abrdn to support the firm's expansion into t.

State Street to Service abrdn's First Actively Managed ETF In Europe

Higher interest rates boosted big banks' net interest income in the second quarter, which is the profit banks earn from charging higher interest rates to borrowers than they pay out to depositors and account holders.

Term of the Week: Net Interest Income

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced a quarterly cash dividend of $0.69 per share of common stock, payable on October 12, 2023 to common shareholders of record at the close of business on October 2, 2023. The dividend represents a 10% per share increase from the second quarter 2023 dividend of $0.63 per share. About State Street Corporation State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional.

State Street Corporation Declares Third-Quarter Dividend on its Common Stock, a 10% per Share Increase Over Prior Quarter

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced a cash dividend on each of the below outstanding series of non-cumulative perpetual preferred stock: Series D (represented by depositary shares, each representing a 1/4000th interest in a share of Series D preferred stock). The cash dividend is in the amount of $1,475.00 per share of Series D preferred stock (resulting in a distribution of approximately $0.3687 per depositary share) and is payable on September 15, 2023.

State Street Corporation Declares Dividends on Its Non-Cumulative Perpetual Preferred Stock Series “D”, “F” and “G”

News for State Street Stock (STT)