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 Corp agreed to pay a $115 million criminal penalty and enter a deferred prosecution agreement to resolve charges it defrauded customers by secretly overcharging them for expenses, the U.S. Department of Justice said on Thursday.

State Street agrees to pay $115 million criminal fine for customer overcharges -Justice Dept

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 Bernstein's Annual Strategic Decisions Conference, to be held virtually, on Wednesday, June 2, 2021, at 10:00 am 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 session will be available on th

State Street Announces Chairman & Chief Executive Officer and Chief Financial Officer to Participate in Bernstein's Annual Strategic Decisions Conference

While State Street's (STT) global reach, efforts to upgrade operations technologically and strong balance sheet will keep aiding growth, elevated costs will likely hurt profits.

Here's Why it is Best to Hold State Street (STT) Stock for Now

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced the launch of a new Bitcoin Thematic Indicator series to help contextualize the rising popularity of Bitcoin and how it is impacting more traditional financial markets. The series quantifies media coverage of Bitcoin, measuring the intensity or prevalence relative to all news of the day, as well as the sentiment of news over a period of time. This new indicator series expands the State Street MediaStats Thematic Indica

State Street Expands MediaStats Indicator Offering with New Bitcoin Thematic Indicator

BOSTON & LONDON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that it has appointed Aman Thind to executive vice president and global chief architect. In this role Thind will report to Brian Franz, global chief information officer. Thind is responsible for designing the strategy and driving implementation of State Street's technology transformation and interoperable infrastructure. He will also play an integral role in advancing the company's technology innovation includ

State Street Appoints Global Chief Architect

PepsiCo

State Street Corp's asset-management arm said it would join other big investment firms pushing to limit greenhouse gas emissions to net zero by 2050, part of a rush by large companies to embrace climate goals.

State Street, PepsiCo offer new goals ahead of U.S. climate summit

TOKYO--(BUSINESS WIRE)--Charles River Development announces Nomura Asset Management Co., Ltd. is expanding their use of the Charles River Investment Management Solution.

Nomura Asset Management Co., Ltd. Expands Use of Cloud-Based Charles River IMS

BOSTON & NEW YORK--(BUSINESS WIRE)--State Street (NYSE:STT) today announced a strategic engagement with S&P Global Trucost that brings together State Street's newly announced ESG Risk Analytics and Reporting capabilities and Trucost's highly regarded climate data and analytics. The agreement will allow State Street to overlay Trucost's data intelligence on the risks and opportunities of climate change to build on State Street's existing client-focused ESG services, offering available intell

State Street and S&P Global Trucost Announce ESG Strategic Engagement

State Street Corporation (STT) CEO Ron O'Hanley on Q1 2021 Results - Earnings Call Transcript

State Street Corporation (STT) delivered earnings and revenue surprises of 9.70% and 2.35%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

State Street Corporation (STT) Beats Q1 Earnings and Revenue Estimates

Increase in fee income and provision benefits support State Street's (STT) Q1 earnings amid lower interest rates.

State Street (STT) Q1 Earnings Beat on Higher Fee Income

Shares of State Street (NYSE:STT) rose 0.9% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share fell 11.98% year over year to $1.47, which beat the estimate of $1.35.

State Street: Q1 Earnings Insights

Invesco

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced that it has entered into an agreement with Invesco Ltd. (NYSE: IVZ) which will result in Invesco adopting State Street Alpha℠, the first front-to-back asset servicing platform from a single provider for institutional and wealth management firms. The migration to Alpha is intended to simplify Invesco's investment infrastructure to improve scale, reduce risk and improve operating efficiency. State Street Alpha is a full

Invesco to Transition Front-to-Back Investment Servicing to State Street Alpha℠ Platform

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) reported its first-quarter 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. EDT, Friday, April 16, 2021. The call will be open to the public. The conference call will be accessi

State Street Reports First-Quarter 2021 Financial Results

Near-zero interest rates and lower fee revenues are likely to have hurt State Street's (STT) Q1 earnings.

What's in the Cards for State Street's (STT) Q1 Earnings?

Ally Financial

Bank of New York Mellon

Citizens Financial Group

Morgan Stanley

As the new earnings season marches along, several financial sector companies will be reporting.

Earnings Previews: Ally, Citizens Bank, Morgan Stanley and More

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced its intention to establish its Agency Lending Program's first Environmental, Social, and Corporate Governance (ESG) aware commingled cash collateral reinvestment strategy. The Agency Lending team of State Street Global Markets has partnered with State Street Global Advisors, the asset management business of State Street Corporation, to provide securities lending clients with a commingled cash collateral reinvestment s

State Street to Establish First ESG Securities Lending Commingled Cash Collateral Reinvestment Strategy

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced the appointment of Renee LaRoche-Morris to chief of staff to the chief operating officer (COO) and head of chief administration officer shared services. In this role LaRoche-Morris will be responsible for leadership oversight for the COO and centralized CAO organization working across multiple business areas. LaRoche-Morris joins from BNY Mellon where she held multiple leadership positions across the custody, finance,

State Street Appoints Renee LaRoche-Morris To Newly Created Leadership Role

BURLINGTON, Mass.--(BUSINESS WIRE)--Charles River IMS has been named has been named “Best Trading Platform” in the fifth annual FinTech Breakthrough Awards program.

Charles River Development Wins 2021 FinTech Breakthrough Award

Celanese

Cincinnati Financial

Quest Diagnostics

Tyson Foods

As of April 9, the GuruFocus All-in-One Screener, a Premium feature, found that the following companies have low price-earnings ratios and high dividend yields.

5 Stocks Paying High Dividend Yields

On Wednesday, State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), announced the launch of the SPDR Bloomberg Barclays Emerging Markets USD Bond ETF (EMHC). The fund was developed to provide exposure to US dollar-denominated debt issued by sovereign and quasi-sovereign emerging market issuers.

State Street Global Advisors Launches an Emerging Markets ETF, ‘EMHC'

BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the launch of the SPDR Bloomberg Barclays Emerging Markets USD Bond ETF (EMHC). The fund was developed to provide exposure to US dollar-denominated debt issued by sovereign and quasi-sovereign emerging market issuers. EMHC may provide investors with an attractive source of income and diversification benefits due to emerging markets debt's low historical c

State Street Global Advisors Enhances Fixed Income SPDR® Suite With Emerging Markets USD Bond ETF

Kroger

Lennar

ViacomCBS

According to the GuruFocus All-in-One Screener, a Premium feature, the following companies have high business predictability ratings and wide margins of safety as of April 6.

5 Guru Stocks with Predictable Business

Caterpillar

ChargePoint Holdings

Disney

Darden Restaurants

Simon Property Group

After a six-week stretch of volatility, all the gauges look set to climb higher. Let's look at seven stocks to buy for April.

7 Stocks To Buy for April As Momentum Builds for a Bullish Run

Having gained close to 100% since the March 23 lows of last year, at the current price near $86 per share, we believe State Street's stock is slightly overpriced. State Street, the custody banking giant, has seen its stock increase from $43 to $86 off the March 2020 bottom compared to the S&P 500.

News for State Street Stock (STT)