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.

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

BlackRock Strengthens ETF Operating Platform by Diversifying Post-Trade Service Providers

Alliance Data Systems

Ally Financial

Capital One

Goldman Sachs

Regions Financial

Synchrony Financial

Wells Fargo

Morgan Stanley on Monday boosted ratings on five banks and issued bullish comments on others, saying the sector was the most likely to outperform when interest rates rise.

The Ratings Game: Morgan Stanley boosts ratings on banks ahead of expected interest rate hikes

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT), in collaboration with Vanguard and Symbiont, announced today that the firms have jointly completed the margin calculation process for a live trade of a 30-day foreign exchange forward contract through the use of Assembly, Symbiont's distributed ledger technology . The firms have been actively exploring the innovative application of blockchain technology to undertake margin processing for foreign-exchange forwards and swaps, with the

State Street Digital, Vanguard and Symbiont Complete First Live Trade for Foreign Exchange Forward Contracts Leveraging Revolutionary Blockchain Technology and Smart Contracts

BOSTON--(BUSINESS WIRE)-- #Azure--Federated Hermes, Inc., is now live with more than $97 billion in equity strategies on Charles River IMS running on Microsoft® Azure.

Federated Hermes' Equity Strategies Now Live on Charles River® Investment Management Solution on Microsoft® Azure

BOSTON--(BUSINESS WIRE)--State Street Global Advisors (State Street), the asset management business of State Street Corporation (NYSE: STT), in partnership with the University of California (UC), today announced that IncomeWise™, a deferred lifetime income solution, has launched within the University of California's defined contribution (DC) plans that serve more than 300,000 participants and include over $34.6 billion in assets.1 IncomeWise™ is a next generation solution that blends the flexib

State Street Global Advisors and the University of California Innovate on Retirement Income Strategy with Launch to Participants

BOSTON & LONDON & HONG KONG--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) announced today it has added market leading pre-and post-trade optimization and margin analytics capabilities to its Collateral+ service. In partnership with Cassini Systems, the leading provider of pre- and post-trade margin and collateral analytics for derivatives market participants, Collateral+ now offers an integrated, modular approach to optimization, which addresses collateral efficiency from multiple angle

State Street Collateral+ Delivers New Analytics and Optimization Capabilities in Partnership with Cassini Systems

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that it worked with veteran-owned firms acting as bookrunners and co-managers to syndicate a $500 million senior note issuance. The offering, which closed yesterday, reinforces the firm's commitment to veterans and their families and overall representation in the capital markets and broader financial services industry. In this transaction, State Street issued fixed-to-floating rate senior notes at a coupon of 1.684 pe

State Street Hires Veteran-Owned Firms to Underwrite 2027 Senior Notes Offering

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced a strategic partnership with RIMES, the global data partner for asset managers, asset owners, and service providers, to enhance State Street Alpha. Through this partnership, State Street Alpha clients will benefit from RIMES' deep expertise and experience with the global index provider marketplace leveraging its market-leading operational capabilities and infrastructure. Industry-wide investing dynamics have radically

State Street Alpha℠ Announces Strategic Partnership with RIMES to Enhance Index and Benchmark Services

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

State Street Corporation (STT) Up 1.6% Since Last Earnings Report: Can It Continue?

BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the launch of a new money market fund share class, the Opportunity Class, which will benefit philanthropic organizations whose values align with State Street's commitment to racial equity and social justice. With the launch of the new Opportunity Class shares within State Street Global Advisors' existing money market fund suite, the firm is answering the

State Street Global Advisors Introduces I&D Focused Share Class within Cash Management Suite

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that its Chairman & Chief Executive Officer, Ron O'Hanley, and its Chief Financial Officer, Eric Aboaf, will participate in the Goldman Sachs 2021 US Financial Services Conference on Wednesday, December 8, 2021, at 10:40 am ET. The webcast of the event and any materials will be accessible on State Street's Investor Relations home page at investors.statestreet.com. A recorded replay of the presentation will be avai

State Street Announces Chairman & Chief Executive Officer and Chief Financial Officer to Participate in the Goldman Sachs 2021 US Financial Services Conference

BOSTON--(BUSINESS WIRE)-- #FixedIncome--Integration with MTS offers traders an all-to-all trading model with improved access to liquidity through the Charles River OEMS and Inventory Hub.

Charles River® IMS Integrates with MTS BondsPro ATS, Enabling All-to-All Access Across Global Fixed Income Markets

LONDON--(BUSINESS WIRE)-- #FixedIncome--Caroline O'Shaughnessy has business oversight of Charles River EMEA in collaboration with the front to back-office platform, State Street Alpha℠.

Charles River® Appoints Caroline O'Shaughnessy as New EMEA Head

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced that it has named Brad Hu its chief risk officer, effective January 1, 2022. Hu succeeds Andrew Kuritzkes, who is retiring from State Street. Hu will join the company in November as a member of its Executive Committee for a transition period with Kuritzkes. Hu was previously the chief risk officer at Citigroup for eight years, where he was credited with significantly reducing the firm's risk profile while guiding it t

State Street To Appoint Brad Hu to Chief Risk Officer

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) announced today that its Chief Financial Officer, Eric Aboaf, will participate in the BancAnalysts Association of Boston Conference on Thursday, November 4, 2021 at 2:40 PM ET. The webcast of the event will be accessible on State Street's Investor Relations home page at investors.statestreet.com. A recorded replay of the presentation will be available on the Investor Relations website later in the day and will be available for approxi

State Street Announces Chief Financial Officer to Participate in the BancAnalysts Association of Boston Conference

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced the first transaction within its Peer-to-Peer Repo program following its launch earlier this year. The trade was executed between a large asset owner and a non-traditional investment manager. The Peer to Peer repo program seeks to facilitate overnight and term repo trading between buy-side counterparties, including traditional and non-traditional asset managers, asset owners, insurers, corporates, REITS, and sovereign

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