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.

Blackrock Inc

April 2 (Reuters) - Banking regulators are probing if asset management giants BlackRock (BLK.N), opens new tab, Vanguard and State Street (STT.N), opens new tab are sticking to their passive roles when it comes to investments in U.S. banks, the Wall Street Journal reported, opens new tab on Tuesday.

U.S. regulators probe role of asset managers in banks, WSJ reports

A federal regulator is examining index fund giants over their massive stakes in U.S. banks, according to a published report.

BlackRock, Vanguard probed over U.S. bank stakes: report

The FDIC examines whether investment firms stick to passive-investing mandate.

Regulator Probes BlackRock and Vanguard Over Huge Stakes in U.S. Banks

KILKENNY, Ireland--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) one of the world's leading providers of financial services to institutional investors, today marked the official opening of its new office building in Kilkenny. State Street established its Irish operations in 1996 and has grown to become one of the largest international financial services employers in Ireland. With a presence in Kilkenny for over 20 years, State Street was the first company in the International Financial.

State Street Officially Opens its New Kilkenny Office

State Street's stock (NYSE: STT) has lost 5% YTD, as compared to the 9% rise in the S&P500 over the same period. Further, the stock is currently trading at $74 per share, which is 14% below its fair value of $85 – Trefis' estimate for State Street's valuation.

Trailing S&P500 By 14% YTD, What To Expect From State Street Stock?

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced that it has been selected to provide fund accounting, fund administration and investor servicing for AZ Quest, an asset manager based in Sao Paulo, Brazil. State Street will provide this range of services to the AZ Quest Fund SPC and its segregated portfolios. “We are pleased to announce this relationship with AZ Quest, as we continue to expand our capabilities across the region, furthering our goal of supporting lead.

State Street Appointed to Provide Investment Services to AZ Quest, Further Expanding Presence in Latin America

BOSTON--(BUSINESS WIRE)--State Street Corporation (“State Street”) (NYSE: STT) announced today that it has issued an aggregate principal amount of $1 billion of senior debt. The offering, which closed today, was structured in keeping with State Street's ongoing inclusion, diversity, and equity efforts, with Blaylock Van, LLC acting as a joint book-running manager, and Cabrera Capital Markets LLC, CAVU Securities LLC, Mischler Financial Group, Inc. and Tigress Financial Partners LLC each acting.

State Street Partners with Diverse Firms to Underwrite $1 Billion of Senior Debt

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Here's Why State Street Corporation (STT) is a Strong Momentum Stock

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced changes to the timing of the previously announced release of its first-quarter 2024 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 Friday, April 12, 2024 at approximately 7:30 a.m. ET, and reviewed via webcast and teleconference at 12:00 p.m. ET. There is no change to the date, the di.

State Street Corporation Announces Time Change for its First-Quarter 2024 Financial Results and Conference Call Webcast

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) plans to announce its first-quarter 2024 financial results on Friday, April 12, 2024 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: 14320217). Materials will be available on State Stre.

State Street Corporation (NYSE: STT) Announces Date for Release of First-Quarter 2024 Financial Results and Conference Call Webcast

Decent revenue growth, business transformation efforts, global footprint and solid liquidity make State Street (STT) stock worth betting on.

6 Reasons to Invest in State Street (STT) Stock Right Away

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BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced a $100 million program to provide low-cost, stable deposit funding to minority depository institutions (MDIs)1 and Community Development Financial Institutions (CDFIs)2, to support the firms' collective missions of addressing inequities in our communities by working toward a more just and equitable future. As a part of this program, the firm is initially partnering with two mission-driven MDIs - Optus Bank and Mechani.

State Street Announces $100 Million Program for Minority Depository Institutions and Community Development Financial Institutions

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that its Vice Chairman and Chief Financial Officer, Eric Aboaf, will participate in the RBC Capital Markets 2024 Global Financial Institutions Conference in New York, NY on Tuesday, March 5, 2024, at 9:20 am 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.

State Street to Participate in the RBC Capital Markets 2024 Global Financial Institutions Conference

State Street Bank issued a par $1,000 preferred stock with a coupon of 6.7% that resets every five years. State Street Bank is a Global Systemically Important Bank (GSIB) and has the highest credit rating among US-based GSIBs. The State Street preferred stock offers balanced protection from credit and rate risk and is modestly undervalued compared to alternatives.

State Street Preferred: 6.7% From A Too Big To Fail Bank

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced a quarterly cash dividend of $0.69 per share of common stock, payable on April 11, 2024 to common shareholders of record at the close of business on April 1, 2024. 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 $41.

State Street Corporation (NYSE: STT) Declares First Quarter Dividend on Its Common Stock

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that it will redeem $750 million, or all of its 7,500 outstanding shares, of non-cumulative perpetual preferred stock, Series D (“Series D Preferred Stock”) (represented by 30,000,000 depositary shares, each representing a 1/4000th interest in a share of Series D Preferred Stock) on March 15, 2024 (the “Redemption Date”), for cash at a redemption price of $100,000 per share (equivalent to $25 per depositary share) plus.

State Street Corporation to Redeem $1.0B of Preferred Stock in the First Quarter of 2024

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced the expansion of its Fund Connect ETF portal via upgrades to its Application Protocol Interface (API), now offering coverage to all clients globally including Europe and the APAC region. Fund Connect ETF APIs have been available in the U.S. and Canada for years and account for nearly half of North American order volumes. Fund Connect ETF is a global online portal that facilitates the creation and redemption of ETFs, d.

State Street Expands Fund Connect ETF APIs to Provide Global Coverage

State Street (STT) closes the agreement to acquire CF Global Trading, a firm that specializes in outsourced trading.

State Street (STT) Completes CF Global Trading Acquisition

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that it has completed its acquisition of CF Global Trading, a global firm specializing in outsourced trading on an agency basis for a variety of asset classes including equities, listed derivatives and fixed income. Financial terms are not being disclosed. “Outsourced trading enables organizations to access new asset classes, prepare for regulatory shifts and navigate global markets while allowing them to focus on the.

State Street Completes Acquisition of CF Global Trading

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that its Chairman & Chief Executive Officer, Ron O'Hanley, and Vice Chairman & Chief Financial Officer, Eric Aboaf, will participate in the UBS Financial Services Conference in Key Biscayne, Florida on Tuesday, February 27, 2024, at 11:20 am ET. An audio webcast of the event and any materials will be accessible on the home page of State Street's Investor Relations website, https://investors.statestreet.com. A.

State Street to Participate in the UBS Financial Services Conference

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State Street Corporation (STT) Q4 2023 Earnings Call Transcript

Stable fee income and solid assets balance support State Street's (STT) Q4 earnings amid a decline in NIR and higher expenses and provisions.

State Street (STT) Stock Gains on Q4 Earnings Beat, NIR Down

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

News for State Street Stock (STT)