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 Corporation (STT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: State Street Corporation (STT) Q4 Earnings Expected to Decline

State Street Corporation (STT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why State Street Corporation (STT) Could Beat Earnings Estimates Again

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced that it has appointed Mark Shelton to executive vice president and general counsel. Shelton, who will report to Ron O'Hanley, chairman and chief executive officer of State Street Corporation, succeeds David Phelan who announced his retirement last year. Shelton joins State Street from Barclays International where he was general counsel overseeing legal services related to client transactions and trading as well as cro.

Mark Shelton Appointed General Counsel for State Street Corporation

State Street is downgraded to Hold from a previous Strong Buy. The hold opportunity comes from dividend growth and stability, capital strength, and improving equity markets which drive fees higher. It shows strength in AUM/AUC net inflows.

State Street: A Safe Anchor To Hold Onto As Dividend Growth & Capital Strength Sails Strong (Downgrade)

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The House Judiciary Committee, chaired by Rep. Jim Jordan, on Friday subpoenaed BlackRock and State Street Global Advisors for documents and communications related to the panel's probe into environmental, social and governance, or ESG, goals and antitrust laws.

BlackRock, State Street subpoenaed in House's ESG investigation

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced a quarterly cash dividend of $0.69 per share of common stock, payable on January 12, 2024 to common shareholders of record at the close of business on January 2, 2024. 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. With.

State Street Corporation (NYSE: STT) Declares Fourth Quarter Dividend on its Common Stock

Financial services giant State Street (NYSE :STT ) announced that it would eliminate 1,200 jobs before the end of this year. STT has previously cited “lingering” economic weakness and other macroeconomic challenges as reasons for State Street layoffs.

State Street Layoffs 2023: What to Know About the Latest STT Job Cuts

As part of its multiyear business streamlining initiative, State Street (STT) is cutting around 1,500 jobs. Hence, the company is expected to incur $175-$200 million as repositioning charge in Q4.

State Street (STT) to Cut Jobs, Incur Repositioning Charge in Q4

Financial services giant State Street Corp. reportedly plans to cut roughly 1,500 jobs, making it the latest major U.S. company to reduce its head count this year (see Forbes' layoff tracker from the first quarter here).

2023 Layoff Tracker: State Street Cuts Hundreds Of Employees

State Street's stock (NYSE: STT) has lost 6% YTD, as compared to the 19% rise in the S&P500 over the same period. Further, the stock is currently trading at $73 per share, which is 3% below its fair value of $76 – Trefis' estimate for State Street's valuation.

Down 6% Since The Beginning Of 2023, What Should You Expect From State Street Stock?

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) plans to announce its fourth-quarter and full-year 2023 financial results on Friday, January 19, 2024 at approximately 7:30 a.m. ET. The results will be reviewed via webcast and teleconference 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) 888-886-7786 (Conference ID: 39118546). Materials will be availa.

State Street Corporation (NYSE: STT) Announces Date for Release of Fourth-Quarter and Full-Year 2023 Financial Results and Conference Call Webcast

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The chief executives of big U.S. banks are arguing that banking regulations aimed at strengthening the country's financial system will instead hurt the economy.

Mortgages and small loans will be more expensive under proposed regulations, bank chiefs say

State Street (STT) finalizes the plan to take full ownership of JV with HCLTech.

State Street (STT) to Take Full Ownership of Another India JV

BOSTON & TORONTO--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced a successful implementation of State Street Alpha, its front-to-back asset servicing platform for institutional investment and wealth managers, with BMO Global Asset Management (BMO GAM). BMO GAM is a leading Canadian asset manager with an innovative suite of mutual funds, ETFs, alternative funds, and other investment products. BMO GAM began the implementation of State Street's Alpha platform just under two.

State Street Announces Successful Implementation of State Street Alpha® for BMO Global Asset Management

BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today launched its 2024 Global Market Outlook: Positioning the Pieces outlining a mixed outlook and key investment themes for the year ahead. Following a year of market-moving surprises in 2023, including persistent inflation, muted growth, an abrupt banking crisis, and continued monetary policy tightening, State Street Global Advisors anticipates this uncertainty will r.

State Street Global Advisors' 2024 Global Market Outlook: uncertainty to persist with bonds taking center stage

State Street Corp. STT, +1.51% said Monday it will take full ownership of a joint venture in India called Statestreet HCL Services. Financial terms were not disclosed.

State Street taking full ownership of India joint venture with HCLTech

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) and HCLTech announced today they are finalizing plans for State Street to assume full ownership of the Joint Venture operations (JV) Statestreet HCL Services, formed in 2012 to provide business operations services. This consolidation, which is based on the arrangements aligned with the existing JV agreement and expected to be completed in the second calendar quarter of 2024, will further streamline State Street's operating model in I.

State Street to Further Consolidate Operating Model in India

BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced it will offer investors a new company board-aligned voting policy option to further expand investor choice. The Vote with Company Board Recommendation Policy option, which will be the most widely available of its kind in the industry, allows shareholders in US equity index ETFs and mutual funds managed by State Street Global Advisors to strictly align the.

State Street Global Advisors to Launch New Company Board-Aligned Voting Policy

BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the appointment of Anna Paglia to the position of executive vice president and chief business officer, effective early next year. Reporting directly to State Street Global Advisors CEO Yie-Hsin Hung, Paglia will be responsible for developing a longer-term growth strategy for its major businesses across global ETFs, index, cash and defined contribution and.

State Street Global Advisors Appoints Anna Paglia as Executive Vice President and Chief Business Officer

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that it has issued an aggregate principal amount of $1 billion of senior debt and $0.5 billion of senior subordinated debt. The offering, which closed today, was structured in keeping with State Street's ongoing inclusion, diversity, and equity efforts, with Siebert Williams Shank & Co., LLC acting as a joint book-running manager, and Academy Securities, Inc., Cabrera Capital Markets LLC, R. Seelaus & Co., LLC.

State Street Partners with Diverse Firms to Underwrite $1 Billion of Senior Debt and $0.5 Billion of Senior Subordinated Debt

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that its Vice Chairman & Chief Financial Officer, Eric Aboaf, will participate in the Goldman Sachs U.S. Financial Services Conference in New York on Wednesday, December 6, 2023, at 10:00 a.m. 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 be available on the Investor Relations website la.

State Street to Participate in the Goldman Sachs 2023 U.S. Financial Services Conference

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

State Street Corporation (STT) Up 4.4% Since Last Earnings Report: Can It Continue?

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Big U.S. banks have signaled that they expect net interest income to bottom out in the next few quarters as they keep an eye on whether the cost of consumer deposits will come down, a bank analyst said in a research note on Monday.

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State Street Corp said on Monday its CEO and Chairman Ron O'Hanley will take on an additional role as the bank's president after Louis Maiuri retires, set for early next year.

State Street CEO O'Hanley to take additional role as bank's president

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that Louis D. Maiuri, president, chief operating officer and head of Investment Services, will retire from State Street by early 2024. Effective January 1, 2024, Ron O'Hanley, chairman and chief executive officer will assume the office of the president (in addition to his current roles as chairman and chief executive officer) and responsibility for Investment Services, State Street's largest business. Mostapha Tahiri,.

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