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), today announced several changes to its SPDR® MSCI ACWI Low Carbon Target ETF (LOWC). Effective on or about Friday, April 22, 2022, the SPDR MSCI ACWI Low Carbon Target ETF will undergo changes to its fund name, ticker, benchmark, listing exchange and will undergo a 4:1 stock split. Current Name and Ticker New Name and Ticker Current Benchmark New Benchmark Current Listin

State Street Global Advisors Announces Changes to US SPDR® Thematic ESG ETF

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that its Chief Financial Officer, Eric Aboaf, will participate virtually in RBC Capital Markets' Global Financial Institutions Conference on Wednesday, March 9, 2022 at 11:20 am ET. An audio webcast and any presentation materials will be accessible on the home page of State Street's Investor Relations website, investors.statestreet.com. A recorded replay will be available on the Investor Relations website later that d

State Street Announces Chief Financial Officer to Participate in RBC Capital Markets' Global Financial Institutions Conference

State Street Corporation (STT) reported earnings 30 days ago. What's next for the stock?

State Street Corporation (STT) Down 0.6% Since Last Earnings Report: Can It Rebound?

BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the launch of the SPDR® Blackstone High Income ETF (HYBL). Sub-advised by Blackstone Credit (“Blackstone”), HYBL is actively managed and invests in US dollar-denominated high yield debt securities seeking to provide investors with risk-adjusted returns and high current income. Blackstone is also sub-adviser of the SPDR® Blackstone Senior Loan ETF (SRLN). “

State Street Global Advisors Expands Fixed Income Offering with Debut of SPDR® Blackstone High Income ETF

Des Lawrence, senior investment strategist at State Street Global Advisors, thinks the market may have gotten carried away with expectations for interest-rate hikes from central banks in both in the U.S. and the U.K. While fed fund futures suggests as many as seven rate hikes this year, Lawrence says the Federal Reserve may end up doing just two or three increases.

State Street strategist says markets have got carried away on interest rate-hike expectations

BOSTON--(BUSINESS WIRE)-- #Azure--The collaboration will enable Charles River to accelerate time to market for new and differentiated capabilities in the Street Alpha Data Platform.

Charles River® Development Announces Collaboration with Precisely to Incorporate Enterprise Data Governance in State Street Alpha℠  Data Platform

BOSTON--(BUSINESS WIRE)-- #Azure--The collaboration will enable Charles River clients to access corporate bond liquidity from the LedgerEdge ecosystem.

Charles River and LedgerEdge Announce Collaboration to Provide DLT-Enabled Corporate Bond Liquidity and Trading Services

State Street Global Advisors has applied to launch an ETF that targets investments that are aligned with requirements of the Paris Climate Accords. According to a filing with the SEC, the SPDR MSCI USA Climate Paris Aligned ETF intends to list and trade on the Nasdaq.

State Street to Launch ETF That Invests in Line With Paris Agreement

BOSTON--(BUSINESS WIRE)-- #Azure--As Chief Product Officer, Nidhi Singh will lead Charles River's product strategy, product marketing, and integration with State Street Alpha.

Charles River® Appoints Nidhi Singh as Chief Product Officer

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that its Chief Financial Officer, Eric Aboaf, will participate in Credit Suisse's 23rd Annual Financial Services Forum in Miami, Florida on Friday, February 18, 2022, at 11:20 am ET. An audio webcast will be accessible on the home page of State Street's Investor Relations website, investors.statestreet.com. A recorded replay will be available on the Investor Relations website later that day and will be available for a

State Street Announces Chief Financial Officer to Participate in Credit Suisse's 23rd Annual Financial Services Forum

State Street Corporation's (STT) CEO Ronald O'Hanley on Q4 2021 Results - Earnings Call Transcript

Bank of America

Morgan Stanley

U.S. Bancorp

Bank stocks are on the move Wednesday as investors react to a variety of news from some of the U.S.'s biggest financial institutions. The post Bank Stocks: What's Moving BAC, MS, USB and STT Today?

Bank Stocks: What's Moving BAC, MS, USB and STT Today?

Shares of State Street Corp. STT, -4.59% slumped 4.7% in morning trading Wednesday, to extend their pullback from a near four-year high, after the trust and banking services company reported fourth-quarter revenue that came up shy of expectations, as net interest income fell more than forecast (NII). Net income rose to $697 million, or $1.78 a share, from $537 million, or $1.39 a share, in the year-ago period.

State Street stock extends pullback from near 4-year high after revenue comes up shy of expectations

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that Cyrus Taraporevala, president and chief executive officer of State Street Global Advisors, will retire in 2022. Taraporevala will remain in his role through the completion of the search for his successor and transition process to ensure a seamless succession which we anticipate happening in the second half of this year. Taraporevala joined State Street Global Advisors in 2016 and held a variety of senior leadershi

State Street Announces Planned Retirement of Cyrus Taraporevala

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) reported its fourth-quarter and full-year 2021 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 10:00 a.m. ET, Wednesday, January 19, 2022. The call will be open to the public. The conference c

State Street Reports Fourth-Quarter and Full-Year 2021 Financial Results

State Street is scheduled to report its fiscal Q4 2021 results on Wednesday, January 19, 2022. We expect State Street to post mixed results, with earnings surpassing the consensus estimates and revenues missing the mark.

State Street Stock To Beat The Earnings Consensus In Q4?

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced it has been selected by Raytheon Technologies (NYSE: RTX) as trustee, custodian, asset manager, securities lending agent and transition manager for the Raytheon Technologies Corporation Savings Plan Master Trust, a $54 billion master trust which holds assets for all U.S.-based defined contribution plans sponsored by Raytheon Technologies. As part of this arrangement, Raytheon Technologies renewed a number of services

State Street Secures Mandate for Raytheon Technologies Corporation's U.S.-Based Defined Contribution Assets

Despite loan growth, State Street (STT) is expected to have recorded a decline in interest income in the fourth quarter of 2021 because of lower interest rates.

Why is Earnings Beat Less Likely for State Street (STT) in Q4?

BOSTON--(BUSINESS WIRE)--State Street Global Advisors Launches Three SPDR® ETFs to Enhance ESG Portfolio Construction

State Street Global Advisors Launches Three SPDR® ETFs to Enhance ESG Portfolio Construction

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) plans to announce its fourth-quarter and full-year 2021 financial results on Wednesday, January 19, 2022 at approximately 7:30 a.m. ET. The results will be reviewed via webcast and teleconference at 10:00 a.m. ET. The conference call will be accessible on State Street's Investor Relations website at http://investors.statestreet.com and by telephone at (833) 380-0399 or (236) 714-2093 (Conference ID# 6314319). Materials will be availa

State Street Corporation Announces Date for Release of Fourth-Quarter and Full-Year 2021 Financial Results and Conference Call Webcast

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) and London Stock Exchange Group (LSE:LSEG), today announced their agreement to extend their relationship. Building on their longstanding relationship, the agreement includes a wide range of capabilities to support State Street across its business, enhancing its offerings to clients. “State Street has been a valued client of both FTSE Russell and Refinitiv for many years and we are excited to extend our collaboration,” said Andrea Remy

State Street and LSEG Expand Relationship

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced a quarterly cash dividend of $0.57 per share of common stock, payable on January 13, 2022 to common shareholders of record at the close of business on January 3, 2022. About State Street Corporation State Street Corporation (NYSE:STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $4

State Street Corporation Declares Fourth-Quarter Dividend on Its Common Stock

BOSTON--(BUSINESS WIRE)--The demand for private markets investments by asset owners and managers is expected to rise in the next three to five years as investors seek higher yields and greater diversification, according to a recent survey State Street conducted with 170 private market asset managers and asset owners. According to the survey results, asset managers expect that their median allocation to private market assets will rise from 30% to 35%, while asset owners believe it will increase

State Street Survey Finds Private Markets to Experience Significant Momentum in the Next Three to Five Years

Jefferies analyst Ken Usdin reiterated a buy rating on State Street Corp. on Wednesday and said the retention of 15% of Black Rock Inc.'s BLK, +0.12% ETF servicing business is a positive for the company. State Street revealed in filings earlier this year that it would lose a chunk of its ETF servicing business from BlackRock.

Jefferies reiterates buy rating on State Street after reduction of Black Rock ETF servicing business

Bank of New York Mellon

Blackrock Inc

Citigroup

JPMorgan Chase & Co

NEW YORK--(BUSINESS WIRE)--BlackRock (NYSE: BLK) today announced that it has entered into agreements with BNY Mellon (NYSE: BK), Citi (NYSE: C), and JP Morgan (NYSE: JPM) to join State Street (NYSE: STT) as post-trade service providers for iShares' $2.3 trillion in U.S.-domiciled exchanged traded funds (ETFs).1 The announcement culminates a nearly two year-long due diligence process with the selection of several world-class financial institutions to support the growth of U.S. iShares ETFs and s

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