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.

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BOSTON, LONDON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced new research[1] which reveals that 78 percent of insurers are confident their asset managers can navigate the current financial crisis caused by COVID-19. State Street surveyed insurance companies around the world on the impact of the COVID-19 pandemic and their views on how asset managers have handled the crisis. The survey also found that insurers valued the transparency on market conditions and strategic co

Vast Majority of Insurers are Confident in Fund Managers Navigation of the Financial Markets through COVID-19, State Street Survey Reveals

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced its preliminary inaugural stress capital buffer (SCB) requirement of 2.5% beginning in the fourth quarter of 2020 and the intention to continue its quarterly common stock dividend of $0.52 per share in the third quarter subject to consideration and approval by its Board of Directors. State Street’s calculated SCB under this year’s supervisory stress test was well below the 2.5% minimum, preliminarily resulting in an S

State Street Corporation Announces Preliminary Stress Capital Buffer Requirement, Planned Continuation of its Quarterly Common Stock Dividend of $0.52 per share and Release of its 2020 Dodd-Frank Annual Stress Test

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The bank said it would like to use its new capital to pursue acquisitions. This could mean a huge deal that could transform the Boston banking scene.

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State Street’s stock (NYSE: STT) has rallied 60% over recent weeks (vs. about 34% gain in the S&P 500) to its current level of around $65 after falling to a low of $43 in late March as a rapid increase in the number of Covid-19 cases outside China spooked investors.

Why State Street Stock Doesn’t Have Much Room For Growth At $65

The action dates back to 2015 when the Federal Reserve found deficiencies in State Street's anti-money-laundering and Bank Security Act systems.

Fed Removes Enforcement Action on State Street

The asset manager/custody bank bucked the downward trends in the first quarter.

Is State Street a Buy?

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State Street Corp (STT) CEO Ronald O'Hanley on Q1 2020 Results - Earnings Call Transcript

State Street (STT) earnings for the financial services company's first quarter of the year have STT stock down on Friday.
The post State Street Earnings: STT Stock Ticks Lower Despite Better-Than-Expected Q1 appeared first on InvestorPlace.

State Street Earnings: STT Stock Ticks Lower Despite Better-Than-Expected Q1

Increase in fee income and lower operating costs support State Street's (STT) Q1 earnings amid coronavirus-related mayhem.

State Street's (STT) Q1 Earnings Beat on Higher Fee Income

The asset manager and custody bank beat earnings estimates

State Street Sees Earnings Rise 25% in First Quarter

Shares of State Street (NYSE:STT) gained 2.5% in pre-market trading after the company reported Q1 results.

Recap: State Street Q1 Earnings

Despite overall decent loan growth, lower interest rates are expected to have hurt State Street's (STT) interest income in first-quarter 2020.

Lower Interest Rates to Hurt State Street's (STT) Q1 Earnings

Comparing the trend in State Street’s (NYSE: STT) stock over recent months with its trajectory during and after the Great Recession of 2008, we believe that the stock can recover to $61 levels similar to the trend seen last time. This would imply a gain of 15% – a modest upside from the current.

State Street’s Stock Offers Limited Upside Post Coronavirus Crisis

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Coronavirus Recovery Watch: Major U.S. Banks Underperform The Market, But There Are A Few Bright Spots

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Will Big Banks Slash Dividends Amid Coronavirus Pandemic?

JPMorgan Chase, Bank of American, Citigroup, and others announce that they will pause buybacks through the second quarter of 2020.

Banks Band Together in Stock Buyback Freeze

America's eight biggest biggest banks are slamming the brakes on their aggressive share buyback programs as they promise to preserve capital to get through the coronavirus crisis.

America's biggest banks halt share buybacks as coronavirus crisis deepens

Eight of the biggest U.S. banks including JPMorgan Chase and Goldman Sachs suspended share buybacks through the second quarter.

Big Bank Stocks Dive As Share Buybacks Suspended Over Coronavirus

The suspension of stock buybacks by America's eight biggest banks shows Wall Street has prioritized supporting the U.S. economy amid the coronavirus pandemic over their own stock prices.

America’s Biggest Banks Suspend Buybacks In Effort To Support Economy Over Their Own Stock Prices

The biggest U.S. banks will stop buying back their own shares, and will instead use that capital to lend to individuals and businesses affected by the coronavirus, an industry trade group said on Sunday.

News for State Street Stock (STT)