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) 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

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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

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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

State Street Corporation Announces Federal Reserve Authorization to Resume Share Repurchases in First Quarter of 2021

We believe that State Street stock has a limited upside potential of 10% in the near term. STT trades at $72 currently and has gained 9% in value year-to-date.

There Is A Limited Upside For State Street Stock

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today launched its State Street AlphaSM Data Platform, an end-to-end data management and warehouse solution for institutional investment and wealth managers. The platform enables clients to seamlessly assemble and access investment data spanning internal and third-party services across their investment processes. It provides access to front office data in near real-time, and incorporates data catalog and visualization capabilities tha

State Street Launches Cloud-Native Alpha Data Platform for Institutional and Wealth Managers

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The Good And Bad: State Street Corp & MGM Resorts International

With an aim to maintain competitiveness, State Street (STT) is mulling several strategic options for its asset management arm - State Street Global Advisors.

State Street (STT) Gains on Plans to Sell Asset Management Unit

SimCorp signs a firm and binding strategic agreement with State Street Bank International GmbH and updates its expectations for 2020

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NEW YORK--(BUSINESS WIRE)--Lukka, the leading crypto asset software and data provider, announced it has completed its Series C funding led by State Street Corporation (NYSE:STT) with participation from S&P Global (NYSE: SPGI), and CPA.com, the business and technology subsidiary of the AICPA. Lukka's Series C investors further signify the growing importance of crypto assets in the traditional financial industry. With this raise, Lukka will continue to expand its existing institutional grade

Lukka Closes Series C Led by State Street With Participation From S&P Global and CPA.com

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that it has extended its investment servicing relationship with Glenmede Investment Management L.P., (“GIM”), a leading independently-owned asset management firm and the Glenmede Funds, which are managed by GIM. As part of these renewals, State Street will continue to provide global custody, accounting, fund administration and transfer agency solutions for the Glenmede Funds. In addition, in line with State Street's fr

State Street Announces Extension of Servicing Agreement with Glenmede Investment Management

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced the appointment of Staffan Ahlner as global head of Collateral+, a part of the Funding and Collateral Solutions group of State Street. Ahlner, who previously led BNY Mellon Markets' global collateral management business, will enhance State Street's Collateral + team to build on the company's core collateral management capabilities and develop future collateral management solutions. Ahlner will report into Gino Timperio

State Street Appoints Industry Experts to Bolster its Financing Solutions and Collateral Optimization Group

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced an extension of its service agreement with Neuberger Berman to renew accounting services for Neuberger's $40B mutual funds business. “We are very proud to build on our nearly four decade relationship with Neuberger Berman,” said John Lehner, head of State Street's asset manager segment. “We have forged a strong, collaborative partnership with the firm through the years, and this extension to support their mutual fund b

State Street and Neuberger Berman Extend Mutual Fund Servicing Agreement

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 2020 US Financial Services Conference, held virtually, on Wednesday, December 9, 2020, at 11:20 am EST. The webcast of the event and presentation materials will be accessible on State Street's Investor Relations home page at investors.statestreet.com. A recorded replay of the

State Street Announces Chairman & Chief Executive Officer and Chief Financial Officer to Participate in the Goldman Sachs 2020 US Financial Services Conference

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BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced that it has appointed Richard F. Lacaille to the newly-created role of senior investment advisor and has promoted Lori Heinel to global chief investment officer for State Street Global Advisors. In his new role, Lacaille will provide enterprise-wide leadership of the company's Environmental, Social and Governance (ESG) solutions, services and thought leadership across all of State Street's businesses. Lacaille will re

State Street Appoints Rick Lacaille to Newly-Created Role of Senior Investment Advisor to Lead Company-Wide ESG Program

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Moody's Investors Service affirms all ratings of BNY Mellon (BK), Northern Trust (NTRS) and State Street (STT). The outlook remains stable for all three banks.

Ratings of 3 Custody Banks Affirmed by Moody's, Outlook Stable

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced the launch of State Street MediaStats Central Bank Indicators and State Street MediaStats Thematic Indicators - two new quantitative investment insights derived from digital media. The new indicators collect unstructured data from tens of thousands of curated media sources to quantify market behavior with respect to price and risk across interest rate yields and foreign exchange. “The tone of central banks influences t

State Street Expands MediaStats Offering with Central Bank and Thematic Indicators

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) announced today that its Chief Financial Officer, Eric Aboaf, and Chief Operating Officer, Lou Maiuri, will participate in Citi's 2020 Financial Technology Conference on Wednesday, November 18, 2020, at 12:45 pm EST. The webcast of the event and presentation materials 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 R

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