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.

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.

JPMorgan's and PNC's mixed outlook on net interest income draws attention from analyst after industry gathering

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,.

State Street Announces Organizational Changes

BOSTON--(BUSINESS WIRE)--In preparation for the US equity market's transition to a T+1 settlement cycle scheduled for May 28, 2024, State Street Corporation (NYSE: STT) today announced that it is offering an automated workflow solution and integration with DTCC within State Street's foreign exchange (FX) trading service, StreetFX℠. DTCC is the premier post-trade market infrastructure for the global financial services industry. By connecting to DTCC Institutional Trade Processing (ITP) and its c.

State Street Launches StreetFX℠ Solution for T+1 Settlement

State Street Corporation (NYSE:STT ) Q3 2023 Earnings Call Transcript October 18, 2023 11:00 AM ET Company Participants Ilene Fiszel Bieler - Global Head of Investor Relations Ronald P. O'Hanley - Chairman and Chief Executive Officer Eric Aboaf - Vice Chairman and Chief Financial Officer Conference Call Participants Alexander Blostein - Goldman Sachs Kenneth Usdin - Jefferies Brennan Hawken - UBS Glenn Schorr - Evercore Ryan Kenny - Morgan Stanley Brian Bedell - Deutsche Bank Ebrahim Poonawala - Bank of America Steven Chubak - Wolfe Research Michael Brown - KBW Michael Mayo - Wells Fargo Securities Gerard Cassidy - RBC Capital Markets Operator Good morning and welcome to State Street Corporation's Third Quarter 2023 Earnings Conference Call and Webcast.

State Street Corporation (STT) Q3 2023 Earnings Call Transcript

State Street Corporation (NYSE:STT) shares gained nearly 2% Wednesday afternoon after the company's third-quarter earnings beat Street expectations.  The financial services firm posted adjusted earnings of $1.93 per share, up 6% year-over-year and above the Zacks Consensus Estimate of $1.77.

State Street shares rise on 3Q earnings beat

State Street (STT) records a decline in revenues in the third quarter of 2023.

State Street (STT) Stock Gains as Q3 Earnings Beat Estimates

State Street Corporation (STT) came out with quarterly earnings of $1.93 per share, beating the Zacks Consensus Estimate of $1.77 per share. This compares to earnings of $1.82 per share a year ago.

State Street Corporation (STT) Q3 Earnings Beat Estimates

Although the revenue and EPS for State Street Corporation (STT) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, State Street Corporation (STT) Q3 Earnings: A Look at Key Metrics

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) reported its third-quarter 2023 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 11:00 a.m. ET today, Wednesday, October 18, 2023. The call will be open to the public. The conference call will.

State Street Corporation Reports Third-Quarter 2023 Financial Results

Rise in funding costs, lower interest-earning assets and subdued market volatility are expected to have hurt State Street's (STT) Q3 earnings.

Lower NIR & Fee Income to Hurt State Street (STT) Q3 Earnings

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) Q3 Earnings Expected to Decline

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BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that Vice Chairman & Chief Financial Officer, Eric Aboaf, will participate in the BancAnalysts Association of Boston Conference in Boston on Friday, November 3, 2023, at 11:20 am ET. An audio webcast 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 later that day, for approxima.

State Street to Participate in BancAnalysts Association of Boston Conference

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Companies that consistently increase dividends tend to outperform others. A list of upcoming dividend increases is available, focusing on companies with at least five years of consistent dividend growth. The table includes information on ex-dividend dates, increase percentages, and streak categories, allowing investors to prioritize current yield and historical growth rates.

11 Upcoming Dividend Increases Including A Dividend King

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today marked the opening of its new global headquarters building at One Congress Street, located in the Bullfinch Crossing area of downtown Boston. The new headquarters embraces the evolving needs of the workforce with flexible workstations and an environment built for increased collaboration and productivity. “Boston has been home to State Street for more than 230-years and today's opening further demonstrates our commitment to the.

State Street Opens New Global Headquarters

BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), released the results of its Gold ETF Impact Study: Advisor Edition, which was designed to better understand investor attitudes and behaviors around investing in gold. According to the research, there is significant opportunity for investor education when it comes to gold investments, and advisors are playing an important role in helping clients understand its role in por.

SPDR® Investor Survey Highlights Role of Education in Gold ETF Adoption

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) plans to announce its third-quarter 2023 financial results on Wednesday, October 18, 2023 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: 64707569). Materials will be available on State.

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