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.

BOSTON--(BUSINESS WIRE)--State Street Corporation (“State Street”) (NYSE: STT) announced today an issuance of $1 billion in aggregate principal amount of senior debt. The offering, which closed today, was structured in keeping with State Street's ongoing inclusion, diversity, and equity efforts, with R. Seelaus & Co., LLC acting as a joint book-running manager, and CastleOak Securities, L.P., Drexel Hamilton, LLC, Independence Point Securities LLC, and Samuel A. Ramirez & Company, Inc.

State Street Announces Issuance of $1 Billion of Senior Debt

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) and Taurus SA (“Taurus”), a global leader in digital asset infrastructure, today announced a strategic agreement that will deliver trusted and reliable digital assets capabilities for State Street Bank and Trust Company clients. The agreement will further enhance State Street Digital Asset Solutions, which seeks to provide an integrated business and operating model that supports the digital investment lifecycle. “The collaboration wi.

State Street Announces Agreement with Taurus to Deliver Full Service Digital Platform for Institutional Investors

State Street is partnering with Swiss crypto company Taurus to offer new digital asset services, including turning real-world assets into tradeable tokens, to tap growing institutional demand for such investments, the U.S. financial services provider told Reuters.

Custody giant State Street expands crypto services in new partnership

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

Why Is State Street (STT) Down 7.5% Since Last Earnings Report?

State Street (STT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

State Street (STT) Upgraded to Buy: Here's Why

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does State Street Corporation (STT) have what it takes?

State Street Corporation (STT) Could Be a Great Choice

State Street (STT) remains well-positioned for growth driven by strategic initiatives, higher rates and improving fee income sources. Yet, rising costs and high reliance on fee-based revenues are woes.

State Street (STT) Rides on Rising AUM Amid Higher Expenses

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that Joerg Ambrosius, executive vice president and chief commercial officer, has been appointed president of Investment Services, State Street's largest business. Ambrosius brings more than 30 years of financial services experience, with a successful track record of leading client management, sales and revenue growth, focusing on the needs of asset managers and institutional investors. Ambrosius assumed an expanded rol.

State Street Names Head of Investment Services

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that it will redeem $500 million, or all, of its 5,000 outstanding shares, of non-cumulative perpetual preferred stock, Series H (“Series H Preferred Stock”) (represented by 500,000 depositary shares, each representing a 1/100th interest in a share of Series H Preferred Stock) on September 16, 2024 (the “Redemption Date”), for cash at a redemption price of $100,000 per share (equivalent to $1,000 per depositary share).

State Street Corporation to Redeem $500M of Preferred Stock in the Third Quarter of 2024

Fund Connect users get access to API-driven liquidity intelligence to maximize interest income SAN DIEGO , July 25, 2024 /PRNewswire/ -- Trovata, the leading bank API-powered platform for managing cash & liquidity, announced today an integration with State Street's Fund Connect. This integration will enable joint clients to access Fund Connect as a third-party investing and trading tool with access to over 25 leading fund managers, from the Trovata platform.

Trovata and State Street's Fund Connect Integrate to Streamline Corporate Investing

BOSTON--(BUSINESS WIRE)--State Street Corporation (“State Street”) (NYSE: STT) announced today that it has issued $850 million of depositary shares, each representing a 1/100th ownership interest in a share of its 6.700% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series J (the “Series J Preferred Stock”), with a liquidation preference of $100,000 per share. The offering, which closed today, was structured in keeping with State Street's ongoing inclusion, diversity, and equity ef.

State Street Corporation Announces Issuance of Preferred Stock

State Street (STT) increases quarterly cash dividend by 10.1% to 76 cents per share. A solid balance sheet and decent liquidity are likely to help sustain the company's capital distribution plans.

State Street (STT) Hikes Quarterly Cash Dividend by 10.1%

BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT) today released the results of its 2024 ETF Impact Survey, which reveals more than two thirds of financial advisors (70%) “always” or “often” recommend ETFs to their clients and a similar percentage of institutional investors (67%) use ETFs in investment strategies. While less than half of all individual investors (45%) currently have ETFs in their portfolio —adoption by i.

ETF Adoption Strong Among Financial Advisors and Institutions

State Street's stock (NYSE: STT) has gained 10% YTD, as compared to the 17% rise in the S&P500 over the same period. Notably, State Street's peer BNY Mellon's stock (NYSE: BK) is up 12% YTD.

State Street Stock Outperformed The Consensus In Q2, What's Next?

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced a quarterly cash dividend of $0.76 per share of common stock, payable on October 11, 2024 to common shareholders of record at the close of business on October 1, 2024. The dividend represents a 10% per share increase from the second quarter 2024 dividend of $0.69 per share. Additionally, State Street Corporation announced a cash dividend on each of the below outstanding series of non-cumulative perpetual preferred sto.

State Street Corporation Declares Dividends on its Common Stock and Non-Cumulative Perpetual Preferred Stock Series “G,” “H,” and “I”

State Street is reportedly looking at a number of options for settling payments on blockchain.

Report: State Street Considering Several Blockchain-Based Projects

State Street Corporation STT reported better-than-expected second-quarter results on Tuesday.

State Street Analysts Increase Their Forecasts After Strong Earnings

RBC Capital analyst Gerard Cassidy reiterated a Sector Perform rating on the shares of State Street Corp STT and raised the price target from $85 to $91.

State Street Is Riding The Wave Of Favorable Market Conditions, Analyst Says

State Street NYSE: STT is a financial services firm that reported Q2 2024 financial results on Jul. 16, 2024. Shares were up 7.45% after the release as the firm beat adjusted earnings per share estimates by 12 cents.

Financial Giant's Shares Soar on EPS Beat and Record Asset Levels

State Street Corporation (NYSE:STT ) Q2 2024 Earnings Conference Call July 16, 2024 11:00 AM ET Company Participants Elizabeth Lynn - EVP and Global Head of Investor Relations Ron O'Hanley - Chief Executive Officer Eric Aboaf - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore ISI Ken Usdin - Jefferies Brennan Hawken - UBS James Mitchell - Seaport Global Securities, LLC Betsy Graseck - Morgan Stanley Mike Mayo - Wells Fargo Securities Vivek Juneja - J.P. Morgan Securities Gerard Cassidy - RBC Capital Markets Operator Good morning, and welcome to State Street Corporation's Second Quarter 2024 Earnings Conference Call and Webcast.

State Street Corporation (STT) Q2 2024 Earnings Call Transcript

The headline numbers for State Street (STT) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

State Street (STT) Reports Q2 Earnings: What Key Metrics Have to Say

Shares of State Street (STT) rose after the financial services firm reported record-high numbers for two key measures of assets held and its results beat forecasts, aided by rising interest income and management fees.

State Street Stock Climbs as Assets Rise, Profit Beats Estimates

State Street (STT) records increased revenues and expenses in the second quarter of 2024.

State Street (STT) Gains on Q2 Earnings Beat, Y/Y Revenue Rise

State Street Corporation (STT) came out with quarterly earnings of $2.15 per share, beating the Zacks Consensus Estimate of $2.01 per share. This compares to earnings of $2.17 per share a year ago.

State Street Corporation (STT) Tops Q2 Earnings and Revenue Estimates

State Street on Tuesday reported a rise in client assets under management which helped the custodian bank rake in more fees from the service, sending its shares up 0.8% in premarket trading.

News for State Street Stock (STT)