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) announced today that its Chairman & Chief Executive Officer, Ron O'Hanley, and its Vice Chairman & Chief Financial Officer, Eric Aboaf, will participate in Autonomous Bernstein's 38th Annual Strategic Decisions Conference in New York on Wednesday, June 1, 2022, at 3:30 pm ET. An audio webcast of the event will be accessible on the home page of State Street's Investor Relations website, www.investors.statestreet.com. A recorde

State Street Announces Chairman & Chief Executive Officer and Vice Chairman & Chief Financial Officer to Participate in Autonomous Bernstein's Annual Strategic Decisions 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 MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG). Designed to blend the advantages of an ETF with the tradability benefits of investing in US Investment grade corporate bonds with higher liquidity compared to the broader U.S. corporate bond market, LQIG offers investors credit exposure with the potential for tighter bid-as

State Street Global Advisors Launches SPDR® MarketAxess Investment Grade 400 Corporate Bond ETF

LONDON--(BUSINESS WIRE)-- #assetmanagement--South African Asset Manager Futuregrowth has Selected Charles River to Manage their Fixed Income Strategies

Futuregrowth Asset Management Adopts Charles River® for Managing Fixed Income Strategies

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today senior management changes to help build on its business momentum and deliver its strategic growth objectives. Lou Maiuri has been appointed to president and head of Investment Services and Eric Aboaf, chief financial officer, to vice chairman. Maiuri and Aboaf will both continue to report to Ron O'Hanley, chairman and chief executive officer. Maiuri now has end-to-end responsibility for all facets of State Street's In

State Street Expands Responsibilities of Executive Leadership Team

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced that it has been appointed service provider by Neuberger Berman for the firm's first actively managed exchange traded funds (ETFs). As part of the appointment, State Street is providing ETF basket services, custody, fund accounting, fund administration, order-taking and transfer agency services. Neuberger Berman launched its first actively managed ETFs in April 2022. The three new ETFs will invest in companies related

State Street Appointed Service Provider for Neuberger Berman's First Actively Managed Thematic ETFs

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U.S. equities struggled for direction for the week ending April 29, 2022, with swings higher and lower every day. Tech shares led the way in volatility, led by rebounding shares in FB on one day and the tumbling of AMZN on the next day.

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BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today introduces two SPDR MSCI Climate Paris Aligned ETFs designed to help investors meet their climate objectives. The funds, SPDR® MSCI USA Climate Paris Aligned ETF (NZUS) and SPDR® MSCI ACWI Climate Paris Aligned ETF (NZAC),2 track the MSCI USA Climate Paris Aligned and MSCI ACWI Climate Paris Aligned Indexes and are geared toward the growing number of investors inte

State Street Global Advisors Introduces Two SPDR® MSCI Climate Paris Aligned ETFs

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced the that it has appointed Michael Knowling to head of its Global Clients Division (GCD). Knowling will report jointly to Joerg Ambrosius and Chris Coleman. In this role, Knowling will manage a team of senior client executives, global relationship managers, and client analysts as part of State Street's client centric coverage model focused on delivering cross-enterprise solutions and insights to the company's global and

Michael Knowling Joins State Street as Head of Global Clients Division

Citi and State Street join initial investors to drive FundGuard's AI and cloud-powered global asset servicing platform NEW YORK and BOSTON and TEL AVIV, Israel , April 19, 2022 /PRNewswire/ -- FundGuard , the AI-powered SaaS investment management and asset servicing enterprise platform, announced today that it has closed a $40 million Series B funding round. The investment round included large strategic investors Citi and State Street Corp , who joined initial investors Blumberg Capital , LionBird Ventures , Team8 Capital , and other investors to back the company's future-ready technology approach to asset servicing.

Investment Management Platform FundGuard Closes $40 Million Series B Funding

State Street Corp (NYSE:STT ) Q1 2022 Earnings Conference Call April 14, 2022 12:00 PM ET Company Participants Ilene Bieler - EVP & Global Head, IR Ronald O'Hanley - Chairman, President & CEO Eric Aboaf - EVP & CFO Conference Call Participants Kenneth Usdin - Jefferies Glenn Schorr - Evercore ISI Brennan Hawken - UBS Betsy Graseck - Morgan Stanley Brian Bedell - Deutsche Bank Gerard Cassidy - RBC Capital Markets James Mitchell - Seaport Research Partners Alexander Blostein - Goldman Sachs Group Steven Chubak - Wolfe Research Michael Mayo - Wells Fargo Securities Robert Wildhack - Autonomous Research Operator Good morning, and welcome to State Street Corporation's First Quarter 2022 Earnings Conference Call and Webcast. Today's discussion is being broadcasted live on State Street's website at investors.statestreet.com.

State Street Corp (STT) CEO Ronald O'Hanley on Q1 2022 Results - Earnings Call Transcript

Higher revenues and nil provisions support State Street's (STT) Q1 earnings.

State Street (STT) Q1 Earnings Beat on Higher Revenues, Stock Up

State Street Corporation (STT) delivered earnings and revenue surprises of 8.16% and 1.64%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

State Street Corporation (STT) Q1 Earnings and Revenues Top Estimates

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) reported its first-quarter 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 12:00 p.m. ET, Thursday, April 14, 2022. The call will be open to the public. The conference call will be access

State Street Reports First-Quarter 2022 Financial Results

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that it has begun working with Capital Group on servicing of the investment management firm's first actively managed exchange traded funds (ETF) that launched in February 2022. As part of the appointment, State Street is providing ETF basket services, fund accounting, fund administration, order-taking and transfer agency services. “We're very excited to be working with Capital Group on the launch of their first active

State Street Services Capital Group's First Actively Managed ETFs

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Supported by loan growth, State Street (STT) is expected to have recorded a rise in interest income in the first quarter of 2022.

Is an Earnings Beat in Store for State Street (STT) in Q1?

STT is a decent and well-established bank with a 2.76% dividend yield.

State Street: Still Not Good Enough

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that it has launched an integrated fund trading solution along with its custody offering for clients in Mexico. The secure online platform will allow for access to a broad range of investment funds in collaboration with Clearstream (Vestima®) providing fund order services through a single-entry point. Our fund order services offering will support connectivity with a wide range of transfer agents to meet clients' uniqu

State Street Announces New Capability to Support Fund Order Services in Mexico

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BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the launch of the SPDR Nuveen Municipal Bond ESG ETF (MBNE). Sub-advised by Nuveen, a recognized leader in the municipal bond market, MBNE is actively managed and is designed to invest in municipal securities from issuers that are leaders in their sector in delivering environmental, social and governance (ESG) outcomes or whose proceeds are used towards p

State Street Global Advisors Launches SPDR® Nuveen Municipal Bond ESG ETF

LONDON--(BUSINESS WIRE)-- #StateStreetAlpha--Rathbone Funds, has selected Charles River to support their equity, fixed income and multi-asset portfolio management clients.

Rathbone Funds Adopts Charles River® IMS and State Street AlphaSM Data Platform.

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced changes to the timing of the previously announced release of its first-quarter 2022 financial results and the associated webcast and teleconference, in order to minimize conflicts with other industry earnings announcements. Financial results will now be announced on Thursday, April 14, 2022 at approximately 8:30 a.m. ET, and reviewed via webcast and teleconference at 12:00 p.m. ET. There is no change to the dial-in or

State Street Corporation Announces Time Change for its First-Quarter 2022 Financial Results and Conference Call Webcast

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced the election of DonnaLee (Donna) DeMaio to its Board of Directors. Ms. DeMaio, age 63, was previously executive vice president and global chief operating officer for the General Insurance division of American International Group (AIG). In this role she was responsible for all operational aspects of General Insurance globally, overseeing an organization of more than 5,000 employees, across five shared services sites in

State Street Elects DonnaLee DeMaio to its Board of Directors

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) announced today the integration of its Collateral+ platform with Pirum's CollateralConnect service to support mutual clients with collateral management and optimization. This collaboration builds on a series of investments in the Collateral+ suite, which was recently expanded to include the Tri-Party service, which enables buy-side firms to optimize collateral usage and efficiency when posting margin to meet initial and variation marg

State Street Collateral+ Platform Now Live with Pirum's CollateralConnect Service

BOSTON--(BUSINESS WIRE)--Charles River Development, a State Street Company, together with Advisor360°, a wealth management software company, today announced a strategic partnership to offer their wealth management platforms, deeply integrated and engineered to help increase productivity, streamline operations, and manage costs for enterprise wealth management firms. Mutual clients of Charles River and Advisor360° will have access to innovative, cloud-based technology solutions that scale to sup

State Street, Charles River® Development and Advisor360° Announce Strategic Partnership to Deliver an Integrated Technology Solution to the Wealth Management Industry

News for State Street Stock (STT)