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.

Driven by strong fundamentals and impressive growth prospects, State Street (STT) looks like a promising pick right now.

5 Reasons to Add State Street (STT) Stock to Your Portfolio

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With rate hike expectations increasing, stocks such as Selective Insurance (SIGI), Axos Financial (AX), AssetMark Financial (AMK), East West Bancorp (EWBC) & State Street (STT) are poised to gain in the near term.

Strong Economic Data Bolster Rate Hike Prospects: Top 5 Gainers

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that its Vice Chairman and Chief Financial Officer, Eric Aboaf, will participate in RBC Capital Markets' 2023 Global Financial Institutions Conference in New York, NY on Tuesday, March 7, 2023 at 10:40 am ET. An audio webcast will be accessible on the home page of State Street's Investor Relations website, investors.statestreet.com.

State Street to Participate in RBC Capital Markets 2023 Global Financial Institutions Conference

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Bet on These 5 Low-Leverage Stocks Amid Persistent Inflation

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced a quarterly cash dividend of $0.63 per share of common stock, payable on April 13, 2023 to common shareholders of record at the close of business on April 3, 2023. 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 $36.

State Street Corporation Declares First-Quarter Dividend on its Common Stock

State Street Corp. is showing signs of operating leverage and resilient revenue growth in the face of macroeconomic headwinds. It's being prudent with expense management and is rightsizing its ranks for 2023.

State Street: A Resilient Firm To Keep In Your Back Pocket

BOSTON--( BUSINESS WIRE )--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today released the results of its ETF Impact Survey: Advisor Edition which found an overwhelming majority of investors who work with an advisor remain confident in their insight and guidance, even as 2022 closed with lingering concerns over inflation and the potential for continued market volatility.

State Street Global Advisors Survey: US Investors Remain Confident in Their Advisors' Ability to Navigate Market Volatility Despite Lingering Concerns About Investment Prospects for 2023

BOSTON--( BUSINESS WIRE )--State Street Corporation (NYSE:STT) today released the results of a survey1 of private markets allocations from 480 institutional investors including traditional asset managers, private market managers, insurance companies and asset owners across North America, Latin America, Europe and Asia-Pacific.

Despite Inflation Fears and Higher Interest Rates, State Street Survey Finds More Than Two Thirds of Institutional Investors Continue to Grow Private Markets Allocations

State Street Corporation (STT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Rising for State Street Corporation (STT): Will It Gain?

BOSTON--( BUSINESS WIRE )--State Street Corporation (NYSE: STT) announced today that its Vice Chairman and Chief Financial Officer, Eric Aboaf, will participate in Credit Suisse's 24th Annual Financial Services Forum in Miami, Florida on Tuesday, February 14, 2023 at 11:05 am ET.

State Street to Participate in Credit Suisse's 24th Annual Financial Services Forum

BOSTON--( BUSINESS WIRE )--State Street Corporation (NYSE: STT) announced today that it has engaged both Amazon Web Services (AWS) and Microsoft as strategic providers of cloud and infrastructure solutions in connection with its multi-year technology transformation journey. State Street is consolidating its current network of segregated data center facilities to a more optimized data center footprint with fit-for-purpose designed and managed facilities.

State Street Announces Strategic Cloud and Infrastructure Solution Providers in Connection with its Multi-Year Technology Transformation Journey

BOSTON--( BUSINESS WIRE )--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), marked the 30th anniversary of the first ever US-listed exchange traded fund (ETF) this month, the SPDR S&P 500 ETF Trust (SPY). Launched on January 22, 1993, SPY is the world's largest ETF with more than $355 billion in assets and the most heavily traded security in the world with an average daily trading volume of $39 billion.*

State Street Global Advisors' SPDR® S&P 500® ETF Trust Celebrates its 30 Year Anniversary

SPDR S&P 500 ETF Trust

SPY owner's 4Q inflows slumped while overall revenue beat estimates.

State Street ETF Assets Dropped 14% Last Year in Down Market

State Street Corporation (NYSE:STT ) Q4 2022 Earnings Conference Call January 20, 2022 11:00 AM ET Company Participants Ilene Fiszel Bieler - EVP and Global Head of IR Ronald P. O'Hanley - Chairman and CEO Eric Aboaf - Vice Chairman and CFO Conference Call Participants Glenn Schorr - Evercore ISI Betsy Graseck - Morgan Stanley Kenneth Usdin - Jefferies Alexander Blostein - Goldman Sachs Brian Bedell - Deutsche Bank Brennan Hawken - UBS Steven Chubak - Wolfe Research Gerard Cassidy - RBC Capital Markets Michael Mayo - Wells Fargo Securities Robert Wildhack - Bernstein Autonomous Vivek Juneja - J.P.

State Street Corporation (STT) Q4 2022 Earnings Call Transcript

Higher NIR on rising rates, solid new business wins and a marginal decline in expenses support State Street's (STT) Q4 earnings.

State Street (STT) Stock Up as Q4 Earnings Beat on Higher NIR

State Street Corporation (STT) delivered earnings and revenue surprises of 3.50% and 2.94%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

State Street Corporation (STT) Q4 Earnings and Revenues Beat Estimates

BOSTON--( BUSINESS WIRE )--State Street Corporation (NYSE: STT) reported its fourth-quarter and full-year 2022 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, Friday, January 20, 2023. The call will be open to the public.

State Street Reports Fourth-Quarter and Full-Year 2022 Financial Results

State Street Corporation (STT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

State Street Corporation (STT) Expected to Beat Earnings Estimates: Should You Buy?

BOSTON--( BUSINESS WIRE )--State Street Corporation (NYSE: STT) announced today that the company has achieved Management Leadership for Tomorrow's (MLT) Black Equity at Work Bronze Certification. With this designation, State Street becomes the first Global Systemically Important Financial Institution (GSIFI) to earn this designation.

State Street Achieves MLT Black Equity at Work Bronze Certification

BOSTON & LONDON--( BUSINESS WIRE )--State Street Corporation (NYSE:STT) today announced that Dr. Andreas Przewloka has been appointed as executive vice president and chief executive officer for State Street Bank International GmbH (SSBI). Przewloka, who assumed his new role effective January 1, 2023, reports to Joerg Ambrosius, chief commercial officer for State Street and chairman of the board of SSBI.

State Street Appoints New Chief Executive Officer for State Street Bank International GmbH

BOSTON--( BUSINESS WIRE )--State Street Corporation (NYSE: STT) plans to announce its fourth-quarter and full-year 2022 financial results on Friday, January 20, 2023 at approximately 7:30 a.m. ET. The results will be reviewed via webcast and teleconference at 11:00 a.m. ET.

State Street Corporation Announces Date for Release of Fourth-Quarter and Full-Year 2022 Financial Results and Conference Call Webcast

BOSTON--( BUSINESS WIRE )--State Street Corporation (NYSE: STT) today announced a quarterly cash dividend of $0.63 per share of common stock, payable on January 13, 2023 to common shareholders of record at the close of business on January 3, 2023.

State Street Corporation Declares Fourth-Quarter Dividend on its Common Stock

BOSTON--( BUSINESS WIRE )--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced it will offer more investors the power to direct how shares held in the funds they own are voted.

State Street Global Advisors Extends Proxy Voting Choice to More Investors

BOSTON--( BUSINESS WIRE )--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced share splits on four SPDR ETFs. The splits will decrease the funds' share prices and increase the number of outstanding shares. The aggregate market value of shares outstanding will not be impacted.

News for State Street Stock (STT)