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 (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.

State Street Global Advisors Announces Share Splits for Four SPDR® ETFs

State Street (STT) announces an additional share repurchase program for the fourth quarter of 2022, bringing the total authorization to $1.5 billion for the quarter.

State Street (STT) Jumps on Additional Q4 Share Buyback Plan

State Street Corporation (STT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

State Street Corporation (STT) Soars 8.2%: Is Further Upside Left in the Stock?

BOSTON--( BUSINESS WIRE )--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today published its 2023 Global Market Outlook: Navigating a Bumpy Landing on macroeconomic trends and key investment themes for the year ahead. State Street Global Advisors believes that market uncertainty and volatility will persist for some time and that investors should evaluate their fixed income and downside protection strategies as they await a possible recovery and a better environment for risk-taking.

State Street Global Advisors Launches its 2023 Global Market Outlook: Navigating a Bumpy Landing

The money manager and custodian bank announced a stock buyback plan

Why State Street Stock Was Up Big on Wednesday

CHICAGO--( BUSINESS WIRE )-- Sterling Trading Tech (STT), a leading provider of order management systems, risk and margin tools and trading platforms to the capital markets worldwide, today announced record growth of its order management system (OMS) offering, doubling its userbase throughout the second half of 2022. The accelerated use of the Sterling OMS is driven by increased demand for sophisticated functionality across the market.

Sterling Trading Tech Sees Record OMS Growth

BOSTON--( BUSINESS WIRE )--State Street Corporation (NYSE: STT) today announced an incremental increase of up to $500 million to its previously announced fourth quarter common stock share repurchases under the current repurchase authorization previously approved by the company's Board of Directors that expires at the end of 2022. This amount is in addition to the recently completed fourth quarter common share repurchases of $1.0 billion. The company now intends to repurchase up to a total of $1.5 billion of its common stock in the fourth quarter of 2022.

State Street Announces Incremental Increase of up to $500 Million to Existing Common Share Repurchases in the Fourth Quarter

State Street Corporation greatly benefits from rising interest rates. State Street has rallied 33% off its bottom in October, but it remains cheaply valued.

State Street Remains Attractive Despite Its Recent Rally

BBH will continue to invest in the people, technologies, and market segments that make Investor Services a differentiated and valued offering for the world's most sophisticated institutional investors NEW YORK , Nov. 30, 2022 /PRNewswire/ -- Brown Brothers Harriman & Co. (BBH) today announced that it has mutually agreed with State Street to terminate the agreement to sell its Investor Services business to State Street Corporation (NYSE: STT). BBH made this decision after it became clear that State Street will be unable to obtain necessary approvals from its regulators for the agreed transaction.

BBH Announces Termination of Investor Services Transaction with State Street

BOSTON--( BUSINESS WIRE )--State Street Corporation (NYSE: STT) today announced that it has mutually agreed with Brown Brothers Harriman & Co. (BBH) to terminate State Street's proposed acquisition of BBH's Investor Services business.

Statement from State Street Corporation on Brown Brothers Harriman Investor Services Acquisition

BOSTON--( BUSINESS WIRE )--State Street Corporation (NYSE: STT) today announced the launch of the firm's new peer-to-peer financing platform, Venturi, specifically designed to connect buy-side firms with new sources of liquidity in the global repo space. Venturi, built through a partnership with FinOptSys, a cutting edge FinTech focused on the securities financing market, supports trade negotiations and enhances trade settlement and collateral management, allowing traders to better manage and diversify their counterparty exposure.

News for State Street Stock (STT)