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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CHARLOTTE, N.C. , July 1, 2022 /PRNewswire/ -- Allspring Global Investments™ (Allspring), a leading independent asset manager with more than $541 billion in assets under management*, today announced that it has entered into an agreement with State Street Corporation (NYSE: STT), under which Allspring will adopt State Street Alpha™ for Allspring's middle-office operations as well as expand its relationship with Charles River Development.

ALLSPRING GLOBAL INVESTMENTS TO ADOPT STATE STREET ALPHA™ PLATFORM

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) plans to announce its second-quarter 2022 financial results on Friday, July 15, 2022 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) 396-8049 (Conference ID: 30142444). Materials will be available on State Stre

State Street Corporation Announces Date for Release of Second-Quarter 2022 Financial Results and Conference Call Webcast

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced its preliminary stress capital buffer (SCB) requirement of 2.5%, effective October 1, 2022, and the intention to increase its quarterly common stock dividend by 10% to $0.63 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 SCB at that flo

State Street Corporation Announces Preliminary Stress Capital Buffer Requirement and the Intention to Increase its Quarterly Common Stock Dividend to $0.63 per share

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Credit Suisse

State Street Corporation (NYSE:STT) has denied it is in talks to buy Credit Suisse Group AG (NYSE:CS). Credit Suisse shares yesterday fell to their lowest levels in more than three decades but steadied later in the day only to dip again when the US asset manager dismissed the story.

State Street denies interest in buying beleaguered Credit Suisse

Credit Suisse (CS) shares decline following a trading update. Stock reverses on claims of takeover by State Street (STT).

Credit Suisse Dips on Trading View, Gains on State Street Claims

Credit Suisse Chief Executive Thomas Gottstein on Thursday called queries over a potential takeover offer from U.S. financial giant State Street "really stupid", shutting down questions after a media report on the matter sent shares briefly spiking the day before.

Credit Suisse CEO calls questions over State Street takeover 'really stupid'

State Street Corp. said the company is "not going to to respond" to a report in Swiss publication Inside Paradeplaz that it's planning a bid to buy Credit Suisse AG. "As we have previously discussed, we are focused on our pending acquisition of Brown Brothers Harriman's Investors Services business," according to a statement emailed to MarketWatch.

State Street spokesperson says company 'will not respond' to report about buying Credit Suisse

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that Global Chief Information Officer, Brian Franz, and Vice Chairman & Chief Financial Officer, Eric Aboaf, will participate in Morgan Stanley's US Financials Conference in New York on Monday, June 13, 2022, at 11:00 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, www.investors.statestreet.com. A recorded replay of the sessio

State Street Announces Global Chief Information Officer and Vice Chairman & Chief Financial Officer to Participate in Morgan Stanley's US Financials Conference

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that its Fund Connect ETF portal – a division of State Street Digital and its leading global, primary market ETF portal with access to more than 960 exchange traded fund (ETFs) from leading issuers – is officially live in Singapore with its first product in the region. The firm had previously provided back-office services for ETFs including custody and fund administration. The growth into Singapore is an important mile

State Street Announces Expansion of Fund Connect ETF Portal in Singapore

Using Paxos Settlement Service, State Street and Credit Suisse can respond to the SEC request for pathways to T+0 settlement NEW YORK , May 17, 2022 /PRNewswire/ --  Paxos , the regulated blockchain infrastructure platform, has partnered with State Street, one of the world's leading providers of financial services to institutional investors, to integrate State Street's custodial services into the Paxos Settlement Service. As part of the pilot, State Street was able to simulate the settlement and custody of shares on the Paxos platform and asset movements with Credit Suisse more efficiently.

Paxos and State Street Partner to Deliver Reduced Costs and T+0 Settlement in Innovative Pilot

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that it will begin providing the PriceStats Global Food Inflation series to the public, on a complimentary basis, to help policymakers grapple with rapidly rising food prices and supply shortages driven by the war in Ukraine. State Street also announced that it will continue to offer the full suite of State Street PriceStats Series, a comprehensive suite of indicators to monitor trends in retailer pricing and consumer

State Street, PriceStats to Provide Online Food Inflation Data to Policymakers, the Public and Extend Provision of Comprehensive Inflation Data to Central Banks

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that it has issued $500 million of senior unsecured 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 and Siebert Williams Shank & Co., LLC acting as bookrunners, and MFR Securities, Inc., Stern Brothers & Co., and Tigress Financial Partners, LLC acting as co-managers. These five broker-dealers a

State Street Engages Women-Owned Broker-Dealers to Underwrite $500 Million of Senior Unsecured Debt

STT focuses on two main businesses: investment servicing and asset management. Assets under custody and/or administration rose to a record $43.7 trillion at year-end 2021.

State Street: Buy This High-Yield Blue Chip And Sleep Well At Night

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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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.

News for State Street Stock (STT)