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.

Earnings data Q1 2021

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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 its intention to increase its per share common stock dividend by 10% to $0.76 in the third quarter of 2024, subject to consideration and approval by its Board of Directors. State Street continues to be authorized to repurchase common shares under its existing share repurchase program previously approved by its Board of Directors. The Company also announced today that it had completed the Federal Reserve's 2024 Compreh.

State Street Corporation Announces Planned 10% Dividend Increase and Preliminary Stress Capital Buffer Requirement

State Street and Galaxy Digital have announced a collaboration aimed at bringing a new range of digital asset investment strategies and products to investors. According to a press release, the two companies will collaborate on this initiative via respective subsidiaries – the State Street Global Advisors and the Galaxy Asset Management.

State Street, Galaxy Digital team up for new crypto ETF products

State Street (STT) enters into a partnership agreement with Galaxy Digital to enhance its digital-based offerings. This move aligns with the company's growth initiatives to boost its digital solutions.

State Street (STT) Inks Deal for Enhanced Digital Solutions

BOSTON & NEW YORK--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), and Galaxy Asset Management1, an affiliate of Galaxy Digital Holdings Ltd. (TSX: GLXY) and one of the world's largest digital assets and blockchain investment managers, today announced they are collaborating to bring investors the next generation of digital asset based strategies that will offer exposure to companies involved in the digital asset space, going.

State Street Global Advisors and Galaxy Asset Management Join Forces to Introduce Investors to The Next Evolution of Digital Asset Investing

Goldman Sachs Physical Gold ETF

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Invesco DB Precious Metals Fund

Invesco DB Gold Fund

SPDR Gold Trust

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iShares Gold Trust

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Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.

29% of North American financial advisors to increase gold allocation through 2025 - State Street-World Gold Council

BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT) and the World Gold Council, today released the results of its Gold Perceptions Survey, which is designed to better understand how current market conditions are impacting perceptions of gold across investor cohorts. According to the research, 29% of financial advisors in North America plan to increase allocations to gold over the next 12 to 18 months, 62% report their allo.

Amid Economic, Geopolitical Uncertainties, Majority of Financial Advisors Expect To Increase or Maintain Allocations To Gold

Chicago, June 14, 2024 (GLOBE NEWSWIRE) -- Chicago, Illinois - Big City Optical, a family-owned leader in optometry and optical retail, has announced the grand opening of its latest store in Chicago's prestigious Gold Coast neighborhood. Located at 852 N State Street, the new office is set to provide the Gold Coast community with the same high-quality, personalized eye care services that Big City Optical is known for across Chicago.

Big City Optical Announces New Gold Coast Location on State Street

Solid business servicing wins, expansion/consolidation efforts, high rates and global reach will likely keep aiding State Street's (STT) growth. Yet, rising costs and fee income concentration are woes.

State Street (STT) Rides on Expansion Efforts Despite Cost Woes

BOSTON--(BUSINESS WIRE)--Charles River Development, a State Street Company, today announced the launch of its two-way interface with Octaura LL Trading Co., LLC. The interface allows Charles River and Octaura customers to streamline their syndicated loan trading workflows, promoting greater efficiency and transparency. Octaura offers an electronic syndicated loan trading solution that delivers trading protocols, real-time data and analytics on a single platform. Charles River's Investment Manag.

Charles River® and Octaura Launch Two-Way Interface for Simplified Syndicated Loan Trading

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced that it has made deposits with three mission-driven minority depository institutions (MDIs) including Carver State Bank, Citizens Trust Bank and Ponce Bank. The deposits are part of the firm's $100 million program to provide low-cost, stable deposit funding to minority depository institutions (MDIs)1 and Community Development Financial Institutions (CDFIs)2 that launched earlier this year. “Our partnership strategy wi.

State Street Announces Next Round of Deposits to Minority Depository Institutions and Community Development Financial Institutions

Bank of America

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That's for at least two reasons. The first is higher interest rates: Many commercial mortgages are five-year balloons, which means that many loans extended at low rates in 2019 are repricing this year at much higher rates.

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BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), released the results of its 2024 Influential Investor Segment Study, a comprehensive analysis of four investor groups demonstrating significant and enduring growth. This study aims to equip advisors with invaluable insights into the evolving needs and preferences of these high-potential segments, empowering them to position their practices for long-term success. “Our stu.

State Street Global Advisors Study: Advisors Capture Four Influential Investor Segments With A Combination of Old Fashioned Collaboration and Modern Technology

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) plans to announce its second-quarter 2024 financial results on Tuesday, July 16, 2024 at approximately 7:30 a.m. ET. A conference call to review the firm's financial results will be held at 11:00 a.m. ET. The conference call will be accessible via audio webcast on State Street's Investor Relations website, http://investors.statestreet.com, and by telephone at (+1) 800 717 1738 (Conference ID: 92099). Materials will be available on th.

State Street Corporation (NYSE: STT) Announces Date for Release of Second-Quarter 2024 Financial Results and Conference Call Webcast

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today released important findings from the firm's most recent research survey that can be found in a new report, The Outsourced Trading Advantage: Evidence from Early Adopters. The report explores the perceptions and the benefits of outsourced trading, including the experience with outsourced trading providers and future plans. The survey reveals compelling benefits for those outsourcing some aspect of their trading and its potential.

Outsourced Trading Improved 83% of Asset Managers' and Asset Owners' Investment Performance, According to State Street's Global Outsourced Trading Market and Outlook Survey

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that its Vice Chairman and Chief Financial Officer, Eric Aboaf, will present at the Morgan Stanley US Financials Conference in New York, NY on Monday, June 10, 2024. The presentation is expected to begin at approximately 1:00 pm ET. An audio webcast of the event will be accessible on State Street's Investor Relations website, https://investors.statestreet.com. A replay of the webcast will be available on the Investor.

State Street to Speak at the Morgan Stanley US Financials Conference

BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the launch of the SPDR® Portfolio Treasury ETF (SPTB). SPTB further enhances SPDR's Portfolio ETF suite by providing low-cost exposure to US Treasury securities with remaining maturities greater than or equal to one year. Priced at three basis points, SPTB seeks to track the performance of the Bloomberg U.S. Treasury Index. “We continue to see fixed incom.

State Street Global Advisors Expands its Low-Cost SPDR® Portfolio ETF™ Suite with Debut of the SPDR® Portfolio Treasury ETF

(Kitco News) - Although the Federal Reserve has been cryptic regarding the timing of its easing cycle, the central bank is firm that it is not looking to raise interest rates anymore, which should ultimately be positive for gold, according to one market strategist.

Gold needs to test support but prices can still end the year much higher - State Street's Milling-Stanley

SINGAPORE--(BUSINESS WIRE)--Charles River Development (CRD), a State Street Company, has appointed Vinayak Bhat (Vin) as senior vice president (SVP), head of Asia Pacific (APAC), where he will be responsible for all business oversight within the region and collaboration with State Street Alpha®, the first front-to-back asset servicing platform from a single provider for institutional investors. Charles River, provider of the Charles River Investment Management Solution (Charles River IMS), was.

Charles River® Appoints Vin Bhat as New Head​ of Asia-Pacific

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced the appointment of Elizabeth (Liz) Lynn to executive vice president and global head of Investor Relations. Lynn will report to Eric Aboaf, vice chairman and chief financial officer for State Street Corporation. Bringing more than 20 years of investor relations and financial services experience to her new role, Lynn will be responsible for leading State Street's engagement with investors and analysts, while providing c.

State Street Names Elizabeth Lynn to Global Head of Investor Relations

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that its Chairman and Chief Executive Officer, Ron O'Hanley, and Vice Chairman and Chief Financial Officer, Eric Aboaf, will participate in Bernstein's 40th Annual Strategic Decisions Conference in New York, NY on Friday, May 31, 2024, at 9:00 am ET. An audio webcast of the event will be accessible on the home page of State Street's Investor Relations website, https://investors.statestreet.com. A recorded replay will.

State Street to Participate in Bernstein's 40th Annual Strategic Decisions Conference

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today released the results of its third annual private markets survey1, which explores the allocations of 480 institutional investors including traditional asset managers, private market managers, insurance companies, and asset owners across North America, Latin America, Europe, and Asia-Pacific. The survey reveals that the rotation from public to private assets within portfolio allocations will grow further in the coming years. Over.

State Street Private Markets Survey Finds Macro Challenges Not Dampening Demand; Public To Private Shift Set To Grow Further

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Here's Why State Street Corporation (STT) is a Strong Value Stock

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The finance industry is characterized by fluctuations, alternating between periods of growth and volatility. During uncertain economic periods, investors pay close attention to the actions and accomplishments of prominent asset management and custodial companies.

Blackrock vs. State Street: Earnings in a Volatile Market

State Street Corporation (NYSE:STT ) Q1 2024 Earnings Conference Call April 12, 2024 10:00 AM ET Company Participants Ilene Fiszel Bieler - Global Head of Investor Relations Ron O'Hanley - Chief Executive Officer Eric Aboaf - Chief Financial Officer Conference Call Participants Brennan Hawken - UBS Glenn Schorr - Evercore Alex Blostein - Goldman Sachs Brian Bedell - Deutsche Bank David Smith - Autonomous Research Mike Mayo - Wells Fargo Rajiv Bhatia - Morningstar Ken Usdin - Jefferies Operator Good morning, and welcome to State Street Corporation's First Quarter 2024 Earnings Conference Call and Webcast. Today's discussion is being broadcast live on State Street's website at investors.statestreet.com.

State Street Corporation (STT) Q1 2024 Earnings Call Transcript

Shares of State Street (STT) rose in intraday trading Friday after the financial services provider posted better-than-expected revenue on higher fees.

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