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) celebrates the 20th anniversary of its Fund Connect platform – the leading global trading, analytics and cash management tool with access to more than 400 money market funds from leading providers. To celebrate the milestone, Fund Connect has introduced a platform upgrade with an all new user interface experience, featuring the addition of a “widget enabled” customizable dashboard. Fund Connect entered the market as one of the first p

State Street Fund Connect Celebrates 20 Years of Continuous Innovation in Money Market Fund Trading

State Street Corporation (STT) CEO Ronald O'Hanley on Q3 2020 Results - Earnings Call Transcript

Bank of New York Mellon

A new earnings season has kicked off, with major banks leading the way. This week has already been rife with solid earnings performances from big banks, but a couple more reported on Friday morning.

Looking Under the Hood of 2 Major Banks That Reported Friday Morning

Increase in fee income and lower costs support State Street's (STT) Q3 earnings amid low interest rate environment.

State Street (STT) Q3 Earnings Beat on Fee Income, Costs Dip

Shares of State Street (NYSE:STT) fell 0.7% in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share fell 3.97% year over year to $1.45, which beat the estimate of $1.41.

Recap: State Street Q3 Earnings

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) reported its third-quarter 2020 financial results today. The news release, presentation, and additional financial information can be accessed on State Street's Investor Relations website at 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, October 16, 2020. The call will be open to the public. The conference call will be acc

State Street Reports Third-Quarter 2020 Financial Results

State Street (NYSE: STT) unveils its next round of earnings this Friday, October 16. Here is Benzinga's everything-that-matters guide for the earnings announcement.

Earnings Preview for State Street

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced a quarterly cash dividend on each of the below outstanding series of non-cumulative perpetual preferred stock: Series D (represented by depositary shares, each representing a 1/4000th interest in a share of Series D preferred stock). The cash dividend is in the amount of $1,475.00 per share of Series D preferred stock (resulting in a distribution of approximately $0.3687 per depositary share) and is payable on December

State Street Corporation Declares Quarterly Dividends on Its Non-Cumulative Perpetual Preferred Stock Series “D”, “F”, “G”, and “H”

Decline in loan balances along with near-zero interest rates is expected to have hurt State Street's (STT) interest income in the third quarter of 2020.

Low Interest Rates to Hurt State Street's (STT) Q3 Earnings

Strategic Business Partnership Demonstrates State Street and SimCorp’s Commitment to Insurance Clients in EMEA, with a Complete Front-to-Back Outsourcing Solution through the State Street Alpha SM  Platform

State Street and SimCorp Announce Intended Business Partnership, with Front-to-Back Investment Outsourcing Solution for EMEA Insurers

SimCorp EMEA Signs non-binding Term Sheet with State Street Bank International GmbH

The stock market has seen some volatility since the start of September, and after a larger sell-off in the Stock market – State Street Stock has moved up 11% over the last two weeks (10 trading days) to $63 now. But will the company’s stock continue its upward trajectory over the coming weeks.

Should You Invest In State Street Stock? Ask The AI Engine

BOSTON--(BUSINESS WIRE)--State Street Corporation [NYSE: STT] today announced that it will achieve carbon neutrality for Scope 1 and Scope 2 emissions in 2020 and has committed to further reducing its carbon emissions on an absolute basis over the next 10 years in accordance with the Science-Based Targets initiative (SBTi). At the end of 2019, State Street met its 30 percent carbon reduction goal, which was set in 2015, six years ahead of schedule. This year, State Street made significant strid

State Street Will Achieve Carbon Neutrality in 2020 and Commits to More Absolute Reductions

BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today published their 2020 Proxy Season Review, which details their voting and engagement record this proxy season, and provides an overview of key focus areas for the asset stewardship program. During the 2020 proxy season, State Street Global Advisors’ asset stewardship team had comprehensive engagements with 409 companies and voted on 113,595 proposals across 70 count

State Street Global Advisors Publishes 2020 Proxy Season Review, Showcasing Recent Asset Stewardship Activity

We believe that State Street’s stock has a strong 30% upside potential in the near term. STT trades at $58 currently and it has lost 26% in value year-to-date.

State Street Stock Can Touch $79

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) plans to announce its third-quarter 2020 financial results on Friday, October 16, 2020 at approximately 7:30 a.m. EDT. The results will be reviewed via webcast and teleconference at 10:00 a.m. EDT. The conference call will be accessible on State Street’s Investor Relations website at http://investors.statestreet.com and by telephone at 1 (844) 862-1432 or 1 (702) 495-1535 (Conference ID# 7356747). Materials will also be available on

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

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 3-12 Month T-Bill ETF (BILS). Designed to give investors exposure to ultra-short term Treasury bills, this new SPDR ETF offering covers a maturity range between the SPDR® Bloomberg Barclays 1-3 Month T-Bill ETF (BIL) and the SPDR® Portfolio Short Term Treasury ETF (SPTS). “With clients concerned about negative ra

State Street Global Advisors Enhances Fixed Income ETF Offering

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced that it has strengthened its leadership team for State Street AlphaSM, its open, front-to-back investment servicing platform for institutional and wealth management firms. State Street Alpha provides an enterprise outsourced platform across front office solutions, analytics, liquidity, data management, and outsourced middle and back office services. The new appointments span both software and outsourced services exper

State Street Expands Leadership Organization

JPMorgan Chase & Co

Barclays

CRZBY

Deutsche Bank

HSBC Holdings

A bombshell report from the International Consortium of Investigative Journalists (ICIJ) reveals how banks allowed trillions of dollars to be laundered despite promises to strengthen controls.

FinCEN Files Sink Bank Stocks

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that it has renewed an expanded service agreement with Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. and will now provide the insurer with outsourced accounting services for a significant portion of its separate account life and annuity business. Protective provides financial services through the production, distribution and administration of insurance and inve

State Street and Protective Life Corporation Agree to Expand Service Agreement and Add Outsourced Accounting Solution

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced a quarterly cash dividend of $0.52 per share of common stock, payable on October 15, 2020 to common shareholders of record at the close of business on October 1, 2020. 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.

State Street Corporation Declares Dividend on its Common Stock

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that it has been appointed to provide a range of ETF servicing solutions for three Natixis Investment Managers’ active exchange-traded funds (ETFs). The funds, which are listed on NYSE Arca, Inc.

State Street to Service Natixis Semi-Transparent Active ETFs

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today released survey results that measured the perceptions, plans and readiness of 300 asset managers and asset allocators in 16 countries around the Uncleared Margin Rules (UMR), which were set in motion in 2008 to reform the over-the-counter (OTC) derivatives market following the global financial crisis. The survey revealed that 81% of institutions with a September 2021 (Phase V) or September 2022 (Phase VI) deadline are unprepared

State Street Survey Finds Firms Unprepared to Comply with Uncleared Margin Rules Despite Deadline Extension

NEW YORK & LONDON & TEL-AVIV, Israel--(BUSINESS WIRE)--Capitolis, the leading SaaS platform that drives financial resource optimization for capital markets, today announced the completion of a strategic investment from Citi, J.P. Morgan and State Street.

Capitolis Secures Strategic Investment from Citi, J.P. Morgan and State Street, Cementing Industry Adoption of its Fast-Growing, Revolutionary Platform

JPMorgan Chase & Co , Citigroup Inc and State Street Corp have invested $11 million in Capitolis, a New York-based technology startup that seeks to help banks use capital more efficiently, the companies said.

News for State Street Stock (STT)