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.

Analysts at UBS have downgraded their rating on State Street Corporation (NYSE:STT) from ‘Buy' to ‘Neutral' following the bank's 2Q earnings report as it once again faces pricing pressure. The analysts also lowered their 12-month price target on the stock from $90 to $72 based on a roughly nine times multiple of their 2024 earnings per share estimate.

State Street downgraded on pricing pressure déjà vu

State Street Corp. STT, -12.08% stock was down 2% in premarket trade on Monday as KBW downgraded the trust bank to market perform from outperform and cut its price target to $73 a share from $84 a share. KBW analyst Michael Brown said the bank lowered its outlook for net interest income to fall by 12% to 18% during in the third quarter and another 2% to 6% in the fourth quarter.

State Street stock dips as KBW downgrades financial firm to market perform on rockier outlook

Investors weren't pleased with the bank's latest quarterly earnings report. This is despite the fact that it beat the average analyst's bottom-line estimate.

Why State Street Stock Plummeted Today

State Street Corp. STT, -12.04% is down 11.2% to $68.80 with less than a half hour of trading left on Friday. If the stock closes at that level, it will be the lowest close since May 31, 2023, when it closed at $68.02, according to Dow Jones Market Data.

State Street stock down 11% in largest single-day drop in more than three years

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Why These 2 Bank Stocks Missed Friday's Rally

State Street Corporation (NYSE:STT ) Q2 2023 Earnings Conference Call July 14, 2023 10:00 AM ET Company Participants Ilene Fiszel Bieler - Global Head of Investor Relations Ronald P. O'Hanley - Chairman and Chief Executive Officer Eric Aboaf - Vice Chairman and Chief Financial Officer Conference Call Participants Brennan Hawken - UBS Alexander Blostein - Goldman Sachs Rob Wildhack - Autonomous Research Glenn Schorr - Evercore Sharon Leung - Wolfe Research Brian Bedell - Deutsche Bank Operator Good morning and welcome to State Street Corporation Second Quarter 2023 Earnings Conference Call and Webcast.

State Street Corporation (STT) Q2 2023 Earnings Call Transcript

State Street (STT) records a rise in revenues in the second quarter of 2023.

State Street (STT) Stock Declines Despite Q2 Earnings Beat

State Street Corporation (NYSE:STT)delivered 2Q earnings that came in ahead of estimates, but its stock was punished on Friday as fickle traders digested its results. The US financial institution posted 2Q earnings of $2.17 a share, beating estimates of around $2.08, but topline revenue missed the mark at $3.11 billion.

State Street beats earnings estimates but faces sell-off as revenue falls short

The headline numbers for State Street Corporation (STT) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

State Street Corporation (STT) Reports Q2 Earnings: What Key Metrics Have to Say

State Street Corporation (STT) came out with quarterly earnings of $2.17 per share, beating the Zacks Consensus Estimate of $2.08 per share. This compares to earnings of $1.94 per share a year ago.

State Street Corporation (STT) Q2 Earnings Beat Estimates

State Street Corp. STT, -4.52% stock was down by 4.5% after it reported a better-than-expected second-quarter profit but fell short of its revenue and net interest income marks. State Street said its earnings for the three months ended June 30 rose 2% to $763 million, or $2.17 a share, from $747 million, or $1.91 a share, in the year-ago period.

State Street stock drops after net interest income and revenue fall short

State Street Corp on Friday beat profit estimates for the second quarter as the bank's interest income benefited from the U.S. Federal Reserve's policy tightening and assets under management rose amid a recovery in the equity markets.

State Street beats profit estimates as interest income rises

State Street Corporation (NYSE: STT) reported its second-quarter 2023 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.

State Street Reports Second-Quarter 2023 Financial Results

We expect State Street to edge past the consensus estimates.

What To Expect From State Street Stock In Q2?

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Earnings Previews: BlackRock, Citigroup, JPMorgan Chase, State Street Corp., UnitedHealth Group, Wells Fargo

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that it has been appointed to provide custody and fund order services for Confuturo, a Chile-based insurance company that offers flexible, health, temporary life, travel insurance, and pensioned consumer credit solutions. The company is one of the largest provider of annuities in Chile. "We look forward to partnering with Confuturo to help their team generate and sustain growth to meet their investment objectives and a.

State Street Continues Latin America Growth; Announces Global Custody Mandate with Confuturo

State Street's (STT) debut in Colombia underlines its efforts to expand in the Latin American region. The company will benefit from the dynamic and fast-growing market.

State Street (STT) Expands in Latin America, Forays in Colombia

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that it has entered into an arrangement with GeoQuant, a Fitch Solutions Company, to make available geopolitical and country risk indicators produced and calculated by GeoQuant in State Street's own macro strategy research. The GeoQuant indicators measure and predict political risk daily and systematically with a fusion of PhD-level political and computer science. The full suite of GeoQuant's indicators are available.

State Street to Provide Data-Driven Geopolitical Risk Insights to Clients

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that it has appointed Executive Vice President Jessica Donohue as head of Global Investment Insights, Sustainability and Impact. Donohue succeeds Rick Lacaille who announced his retirement earlier this year. She will report to Lou Maiuri, president, chief operating officer, and head of Investment Services. In this role, Donohue will oversee State Street's sustainability efforts with a focus on delivering insights to o.

State Street Appoints Jessica Donohue to Head of Global Investment Insights, Sustainability and Impact

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BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today its expansion into Colombia, scaling its servicing capabilities for institutional clients in Latin America. Andres Zambrano Burgl will manage the Colombia office and lead sales in the country. Zambrano is based in Bogota and will report to Maria Ximena Vasquez, State Street's head of Sales for Latin America and The Caribbean (ex Brazil). State Street's new office in Colombia continues the firm's expansion of its Latin.

State Street Enters Colombian Market to Support Continued Growth in Latin America

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State Street Corporation, a leading global provider of financial services, has consistent dividend growth and a yield of 3.4%, but its total return in the past decade has been disappointing. The company has transformed from a back-office service provider to an enterprise outsourcer, focusing on cost reduction, data management, and technology integration, which provides it with a competitive edge. Despite ongoing macroeconomic challenges, State Street remains focused on expanding capabilities and investing in growth initiatives, but its slow streamlining process may not offer strong long-term total returns for dividend investors.

State Street: Good, But Not Good Enough

State Street Corporation (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) Earnings Expected to Grow: Should You Buy?

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News for State Street Stock (STT)