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 Corporation (NYSE:STT) today announced the election of Julio Portalatin and John Rhea to its Board of Directors, effective immediately. Mr. Portalatin, age 61, was previously president and chief executive officer of Mercer, an entity redefining the world of work, reshaping pension investment outcomes and unlocking health and wellbeing solutions. He oversaw the company's strong growth in client financial security offerings, including the creation of web-enab

State Street Elects Julio Portalatin and John Rhea to Its Board of Directors

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that it has issued $850 million senior subordinated bonds at a coupon of 2.20 percent. The offering, which closed yesterday, was structured utilizing an underwriting syndicate substantially made up of Black- and Latinx-Owned Business Enterprises as bookrunners and co-managers. The full syndicate included BofA Securities, Inc., CastleOak Securities, L.P., Goldman Sachs & Co. LLC, and Siebert Williams Shank & Co.

Minority Business Enterprises Underwrite the Majority of State Street 2031 Senior Subordinated Offering

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced the release of a new Peer-to-Peer Repo program for the buy-side. Building from its market-leading position in sponsored repo and securities lending, including peer-to-peer opportunities within its agency lending program, Peer-to-Peer Repo enables competitive financing costs across a broader range of collateral types and yield enhancement opportunities compared to traditional repo markets. State Street guarantees the pa

State Street Introduces New Peer-to-Peer Repo Financing Marketplace for the Buy-Side

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that it has been appointed as the fund administrator and transfer agent of the VanEck Bitcoin Trust (‘The Trust') a new bitcoin exchange-traded fund (ETF) that is currently pending approval by the US Securities and Exchange Commission (SEC). The Trust is proposed to be the first of its kind US listed ETF offering exposure to bitcoin. The Trust's investment objective is to reflect the performance of the MVIS® CryptoComp

State Street Named Fund Administrator and Transfer Agent for VanEck's Bitcoin Trust ETF

Intercontinental Exchange

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced the first trade with ICE Clear U.S., a clearing house owned by Intercontinental Exchange, Inc. (NYSE: ICE), as a sponsored member counterparty. This announcement comes after ICE signed on as a Sponsored Member of State Street Bank and Trust within the Fixed Income Clearing Corporation (FICC) Sponsored Repo Program. This partnership with a clearing house will be the first of its kind for State Street in an effort that

State Street Completes First Trade with ICE Clear U.S. as a FICC Sponsored Member

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) announced today that its Chief Financial Officer, Eric Aboaf, will participate in the RBC Capital Markets Global Financial Institutions Conference on Tuesday, March 9, 2021 at 2:00 PM EST. 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

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

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

Why Is State Street Corporation (STT) Down 3.8% Since Last Earnings Report?

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) announced today that its Chief Financial Officer, Eric Aboaf, will participate in the Credit Suisse Virtual Financial Services Forum on Wednesday, February 24, 2021 at 12:10 PM EST. 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 ap

State Street Announces Chief Financial Officer to Participate in the Credit Suisse Virtual Financial Services Forum

With yields low and some states facing fiscal challenges, active management and municipal bonds could be an ideal match for many income investors. State Street Global Advisors and Nuveen are tapping into that theme with the SPDR Nuveen Municipal Bond ETF (MBND), which debuted yesterday.

State Street and Nuveen Teaming Up On a New Active Muni ETF

BOSTON--(BUSINESS WIRE)--State Street Global Advisors Expands Fixed Income ETF Offering with Its First Actively Managed Municipal Bond ETF

State Street Global Advisors Expands Fixed Income ETF Offering with Its First Actively Managed Municipal Bond ETF

After around a 63% gain since the March 23 lows of the last year, at the current price of $70 per share, we believe State Street Stock has more room for growth. State Street, the custody banking giant, has seen its stock rally from $43 to $70 off the March 2020 bottom compared to the S&P which.

More Upside For State Street Stock?

BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced plans to close and liquidate the following ETFs (the “Liquidating ETFs”) based on an ongoing review of SPDR ETF offerings. ETF Name   Ticker SPDR Solactive Canada ETF ZCAN   SPDR Solactive Germany ETF ZDEU   SPDR Solactive United Kingdom ETF ZGBR   SPDR Solactive Hong Kong ETF ZHOK   SPDR Solactive Japan ETF ZJPN   SPDR Dorsey Wright® Fixed Income Allocat

State Street Global Advisors Announces Changes to SPDR ETF Lineup

State Street Corp. will eliminate 1,200 jobs in the coming year, CFO Eric Aboaf announced during the company's quarterly earnings call Tuesday. Employees affected by the job cuts at the Boston-based financial services company will mostly include middle management, though State Street CEO Ron O'Hanley said he expects many of these employees will find new jobs internally, through the company's Talent Marketplace job-placement system.

State Street plans to cut the jobs of 1,200 employees this year, after pledging to avoid layoffs during the pandemic

State Street Corporation (STT) CEO Ronald O'Hanley on Q4 2020 Results - Earnings Call Transcript

State Street (STT) records lower revenues and expenses in the fourth quarter of 2020.

State Street (STT) Q4 Earnings Beat, Revenues & Costs Decline

Shares of State Street (NYSE:STT) moved lower by 1% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share decreased 14.65% year over year to $1.69, which beat the estimate of $1.56.

State Street: Q4 Earnings Insights

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) reported its fourth-quarter and full-year 2020 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. EST, Tuesday, January 19, 2021. The call will be open to the public. The conference ca

State Street Reports Fourth-Quarter and Full-Year 2020 Financial Results

While low rates are likely to have hurt State Street's (STT) Q4 earnings, fee revenues and manageable expense level might have offered some support.

State Street (STT) to Report Q4 Earnings: What's in Store?

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that it will redeem $500 million, or 5,000 of its 7,500 outstanding shares, of its non-cumulative perpetual preferred stock, Series F (“Series F Preferred Stock”) (represented by depositary shares, each representing a 1/100th interest in a share of Series F preferred stock) on March 15, 2021, for cash at a redemption price of $100,000 per share (equivalent to $1,000 per depositary share) plus all declared and unpaid di

State Street Corporation to Redeem $500 Million of Preferred Stock in the First Quarter of 2021

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that its Brazilian bank has begun to offer full foreign exchange (FX) trading capabilities and sales operations. State Street previously acquired control of Natixis Brasil S.A. - Banco Múltiplo, a São Paulo-based Brazilian financial institution in 2019. This milestone serves as an important marker for the firm's broader expansion plans for the Latin American region, as this an opportunity to better serve both its local

State Street Expands Capabilities in Latin America Region

Harbor PanAgora Dynamic Large Cap Core ETF

LONDON--(BUSINESS WIRE)--PIMCO, Man Group, IHS Markit, State Street, Microsoft and McKinsey & Company today announced the intention to form a new technology-led company, HUB, to build a cloud-based operating platform aimed at transforming asset managers' operations technology. The company selected Microsoft as its technology platform provider to empower HUB to develop its asset management operating platform on Microsoft Azure cloud. HUB's greenfield platform will be built by asset managers

PIMCO, Man Group, IHS Markit, State Street, Microsoft and McKinsey Join Forces on New Asset Management Operating Platform

State Street hired Goldman Sachs to find a buyer for its asset management division. State Street's focus is on developing a new platform to compete with Bloomberg and BlackRock.

State Street: A Deal May Move The Stock

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) plans to announce its fourth-quarter and full-year 2020 financial results on Tuesday, January 19, 2021 at approximately 7:30 a.m. EST. The results will be reviewed via webcast and teleconference at 10:00 a.m. EST. The conference call will be accessible on State Street's Investor Relations website at http://investors.statestreet.com and by telephone at (844) 862-1432 or (702) 495-1535 (Conference ID# 1475324). Materials will also be a

State Street Corporation Announces Date for Release of Fourth-Quarter and Full-Year 2020 Financial Results and Conference Call Webcast

Bank of New York Mellon

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JPMorgan Chase & Co

Morgan Stanley

Wells Fargo

The results of the second round of stress test, following which the Fed eased restrictions on capital deployment by banks, highlight capital adequacy of the banking sector.

Fed Unveils 2nd Stress Test Results, Eases Capital Distribution Limits

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today commented on the results of its 2020 resubmission stress test, included in the Federal Reserve's supervisory stress test results for covered institutions announced earlier today. State Street also announced its authorization by the Federal Reserve to resume specified capital actions during the first quarter of 2021. “We are pleased with our strong performance under this year's second round of Federal Reserve stress tests, which

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