State Street Corp (STT) 75.24 $STT
Bank Stock Roundup: Capital Surcharge & Q4 Outlook Raise Concerns; Citi, BofA & JPMorgan in Focus - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Dec 12, 10:05AM CST
Overall, the performance of banking stocks remained skewed toward the pessimistic side with muted trading outlooks and legal expenses shaking investors' confidence. Further, the additional capital surcharge requirement added fuel to the fire.
STT: 75.24 (-2.96), JPM: 60.04 (-1.10), C: 53.40 (-1.11), MTB: 121.85 (-2.13), BAC: 17.13 (-0.34), WFC: 53.70 (-0.73), BK: 39.92 (-0.62)
State Street Appoints William C. Freda to its Board of Directors
Business Wire - Fri Dec 12, 7:30AM CST
State Street Corporation (NYSE:STT) today announced the appointment of William C. Freda (Bill), retired senior partner and vice chairman of Deloitte LLP, to its board of directors.
STT: 75.24 (-2.96)
State Street announces dividend of USD0.30 per share for quarter
M2 - Fri Dec 12, 6:56AM CST
State Street Corporation (NYSE:STT), a provider of financial services, reported on Friday that it will pay a common stock cash dividend of USD0.30 per share for the quarter.
STT: 75.24 (-2.96)
What Bank Stocks Are Expected To Outperform In 2015?
at Investor's Business Daily - Thu Dec 11, 3:55PM CST
Rising interest rates and better market and lending conditions bode well for the U.S. banking sector in 2015, though regulatory and legal headwinds will persist, said financial services specialist Keefe, Bruyette & Woods in a banking outlook report...
SF: 49.10 (-0.90), STT: 75.24 (-2.96), GS: 188.82 (-4.72), TLMR: 14.08 (-0.30), JPM: 60.04 (-1.10), HBAN: 10.06 (-0.19), WAL: 26.52 (-0.44), PVTB: 31.34 (-0.52), C: 53.40 (-1.11), EGBN: 34.19 (-0.88), STI: 40.23 (-0.79), WFC: 53.70 (-0.73), BAC: 17.13 (-0.34), FRME: 21.77 (-0.32), SBNY: 118.89 (-1.82)
State Street declares $0.30 dividend
Seeking Alpha - at Seeking Alpha - Thu Dec 11, 3:30PM CST
STT: 75.24 (-2.96)
State Street Corporation Declares Quarterly Dividend on Its Common Stock
Business Wire - Thu Dec 11, 3:18PM CST
State Street Corporation (NYSE:STT) today declared a quarterly cash dividend of $0.30 per share of common stock, payable January 16, 2015 to common shareholders of record as of January 2, 2015.
STT: 75.24 (-2.96)
State Street Global Advisors Launches First Low Carbon ETF
Business Wire - Thu Dec 11, 7:31AM CST
State Street Global Advisors (SSGA), the asset management arm of State Street Corporation (NYSE:STT), today announced the SPDR MSCI ACWI Low Carbon Target ETF (Symbol: LOWC) began trading on the NYSE Arca on November 26, 2014. Developed in conjunction with the United Nations Joint Staff Pension Fund (UNJSPF), LOWC is a new vehicle that seeks to provide access to the potentially long-term growth opportunities of companies that are carbon efficient while reducing exposure to assets vulnerable to the transition to a low carbon economy.
STT: 75.24 (-2.96), LOWC: 71.94 (-1.44)
Banks May Face Additional Capital Surcharge: Time to Shrink? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Dec 10, 4:34PM CST
We believe that an additional capital cushion will likely lower the banks' lending ability and put pressure on revenues, thereby leading to lower earnings. Hence, these banks will have no other option but to shrink or break up their global operations.
GS: 188.82 (-4.72), STT: 75.24 (-2.96), JPM: 60.04 (-1.10), C: 53.40 (-1.11), BAC: 17.13 (-0.34), WFC: 53.70 (-0.73), BK: 39.92 (-0.62), MS: 36.25 (-1.15)
The Fed's Tough Capital Plan Focuses on Short-term Funding
at The Street - Wed Dec 10, 8:45AM CST
Big banks need to raise $21 billion.
STT: 75.24 (-2.96), GS: 188.82 (-4.72), JPM: 60.04 (-1.10), C: 53.40 (-1.11), WFC: 53.70 (-0.73), BAC: 17.13 (-0.34), BK: 39.92 (-0.62), MS: 36.25 (-1.15)
Today's Market: The Fed To Impact These Banks With New Rules
Matthew Smith - at Seeking Alpha - Wed Dec 10, 8:31AM CST
STT: 75.24 (-2.96), GS: 188.82 (-4.72), QQQ: 102.67 (-1.13), JPM: 60.04 (-1.10), C: 53.40 (-1.11), WFC: 53.70 (-0.73), BAC: 17.13 (-0.34), BK: 39.92 (-0.62), MS: 36.25 (-1.15)
Beware Weak Q4 Trading Revenue, BofA CEO Warns
at Investor's Business Daily - Tue Dec 09, 12:11PM CST
Bank of America's (BAC) chief executive warned investors to expect lower trading revenue in the fourth quarter compared to Q3 and a year earlier, sending the bank's shares falling. BofA CEO Brian Moynihan shared the information at an industry...
STT: 75.24 (-2.96), GS: 188.82 (-4.72), JPM: 60.04 (-1.10), C: 53.40 (-1.11), WFC: 53.70 (-0.73), BAC: 17.13 (-0.34), BK: 39.92 (-0.62), MS: 36.25 (-1.15)
Hit The Road, State Street
Craig Pirrong - at Seeking Alpha - Mon Dec 08, 1:27PM CST
Following the lead of Bank of New York (NYSE: BK ), State Street (NYSE: STT ) announced that it is exiting the swaps clearing business : State Street Corp. is closing down its swaps business after clients said new regulations steered them away for...
STT: 75.24 (-2.96), BK: 39.92 (-0.62)
15.1% Return Seen to Date on SmarTrend State Street Call (STT)
Comtex SmarTrend(R) - Mon Dec 08, 9:46AM CST
SmarTrend identified an Uptrend for State Street (NYSE:STT) on October 23rd, 2014 at $68.95. In approximately 2 months, State Street has returned 15.07% as of today's recent price of $79.34.
STT: 75.24 (-2.96)
Banks: "Your money's no good here"
Seeking Alpha - at Seeking Alpha - Mon Dec 08, 9:28AM CST
STT: 75.24 (-2.96), JPM: 60.04 (-1.10), C: 53.40 (-1.11), DB: 30.78 (-0.56), HSBC: 47.38 (-0.90), BAC: 17.13 (-0.34), BK: 39.92 (-0.62)
State Street Global Advisors: A Divergent World Creates Opportunities in 2015
Business Wire - Mon Dec 08, 6:00AM CST
State Street Global Advisors (SSGA), the asset management arm of State Street Corporation (NYSE: STT), today announced that its global market outlook for 2015 anticipates that diverging global monetary policy will have an impact on every asset class, but poses interesting and diverse opportunities for proactive investors.
STT: 75.24 (-2.96)
Financial sector leads the way on strong jobs number
Seeking Alpha - at Seeking Alpha - Fri Dec 05, 9:06AM CST
UYG: 141.66 (-5.65), KBE: 32.58 (-0.48), RF: 10.01 (-0.16), BBT: 37.45 (-0.73), HBAN: 10.06 (-0.19), PRU: 86.66 (-3.13), BNY: 14.23 (+0.07), C: 53.40 (-1.11), QABA: 35.24 (-0.47), KEY: 13.30 (-0.23), KRE: 39.10 (-0.54), JPM: 60.04 (-1.10), RKH: 54.67 (-1.50), FNCL: 28.43 (-0.49), FXO: 22.67 (-0.45), ETFC: 22.58 (-0.94), KIE: 65.06 (-1.40), FAS: 117.50 (-7.45), XLF: 24.14 (-0.48), FAZ: 13.92 (+0.74), RYF: 43.55 (-0.84), ZION: 26.98 (-0.43), SCHW: 28.75 (-0.93), FINZ: 24.28 (unch), SEF: 18.08 (+0.31), STT: 75.24 (-2.96), VFH: 48.60 (-0.90), KRS: 28.13 (+1.10), KBWB: 37.03 (-0.71), FINU: 80.97 (-4.77), KRU: 85.15 (-2.89), MET: 52.82 (-2.39), WFC: 53.70 (-0.73), BAC: 17.13 (-0.34), IYG: 89.32 (-1.85), LNC: 55.01 (-1.93), IYF: 88.10 (-1.71), KBWI: 70.00 (unch), NTRS: 65.90 (-0.96), IAK: 48.68 (-1.12), KBWR: 38.45 (-0.65), RWW: 49.09 (-1.22), IAI: 40.94 (-1.13), KBWP: 42.24 (-0.31), IAT: 33.83 (-0.53), PSCF: 40.50 (-0.50), AMTD: 34.92 (-1.17)
State Street Global Exchange Announces Collaboration with Josh Lerner and the Private Capital Research Institute to Enhance Private Equity Research
Business Wire - Thu Dec 04, 12:00PM CST
State Street Global Exchange today announced a new collaboration with Josh Lerner, Jacob H. Schiff professor of investment banking at Harvard Business School, and the Private Capital Research Institute (PCRI) that seeks to further academic research on private capital. Also announced today is the launch of the GX Private Equity Index portal which will provide State Street clients with enhanced transparency into private capital market performance, trends and liquidity via a web-based application.
STT: 75.24 (-2.96)
BofA's Cost-Saving Initiatives on Track: Should You Invest? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Dec 03, 9:50AM CST
We believe that BofA's efficiency initiative - Project New BAC - will continue to support its financials, as revenue growth is expected to remain muted in the near term.
PFBC: 25.31 (-0.57), STT: 75.24 (-2.96), WAL: 26.52 (-0.44), BAC: 17.13 (-0.34)
Bank of New York Mellon Cedes Board Seat to Trian Fund
at The Street - Wed Dec 03, 8:39AM CST
Nelson Peltz will relinquish his seat at Legg Mason after placing a lieutenant on the New York lender's expanded board.
STT: 75.24 (-2.96), LM: 50.28 (-1.73), BK: 39.92 (-0.62)
U.S. Banks with Growth Potential - Industry Outlook
Kalyan Nandy - Zacks Investment Research - Wed Dec 03, 12:00AM CST
U.S. Banks with Growth Potential - Industry Outlook
CFR: 70.00 (-1.62), LION: 15.69 (-0.13), STT: 75.24 (-2.96), STBA: 28.36 (-0.42), EFSC: 19.07 (+0.06), ORIT: 14.51 (-0.17), FCB: 24.38 (-0.07), HBNC: 24.70 (-0.14), ASBC: 18.06 (-0.26), ISTR: 14.05 (-0.01), BYLK: 12.61 (-0.04)
Bank Stock Roundup: Capital Surcharge & Q4 Outlook Raise Concerns; Citi, BofA & JPMorgan in Focus - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Dec 12, 10:05AM CST
Overall, the performance of banking stocks remained skewed toward the pessimistic side with muted trading outlooks and legal expenses shaking investors' confidence. Further, the additional capital surcharge requirement added fuel to the fire.
STT: 75.24 (-2.96), JPM: 60.04 (-1.10), C: 53.40 (-1.11), MTB: 121.85 (-2.13), BAC: 17.13 (-0.34), WFC: 53.70 (-0.73), BK: 39.92 (-0.62)
State Street Appoints William C. Freda to its Board of Directors
Business Wire - Fri Dec 12, 7:30AM CST
State Street Corporation (NYSE:STT) today announced the appointment of William C. Freda (Bill), retired senior partner and vice chairman of Deloitte LLP, to its board of directors.
STT: 75.24 (-2.96)
State Street announces dividend of USD0.30 per share for quarter
M2 - Fri Dec 12, 6:56AM CST
State Street Corporation (NYSE:STT), a provider of financial services, reported on Friday that it will pay a common stock cash dividend of USD0.30 per share for the quarter.
STT: 75.24 (-2.96)
What Bank Stocks Are Expected To Outperform In 2015?
at Investor's Business Daily - Thu Dec 11, 3:55PM CST
Rising interest rates and better market and lending conditions bode well for the U.S. banking sector in 2015, though regulatory and legal headwinds will persist, said financial services specialist Keefe, Bruyette & Woods in a banking outlook report...
SF: 49.10 (-0.90), STT: 75.24 (-2.96), GS: 188.82 (-4.72), TLMR: 14.08 (-0.30), JPM: 60.04 (-1.10), HBAN: 10.06 (-0.19), WAL: 26.52 (-0.44), PVTB: 31.34 (-0.52), C: 53.40 (-1.11), EGBN: 34.19 (-0.88), STI: 40.23 (-0.79), WFC: 53.70 (-0.73), BAC: 17.13 (-0.34), FRME: 21.77 (-0.32), SBNY: 118.89 (-1.82)
State Street declares $0.30 dividend
Seeking Alpha - at Seeking Alpha - Thu Dec 11, 3:30PM CST
STT: 75.24 (-2.96)
State Street Corporation Declares Quarterly Dividend on Its Common Stock
Business Wire - Thu Dec 11, 3:18PM CST
State Street Corporation (NYSE:STT) today declared a quarterly cash dividend of $0.30 per share of common stock, payable January 16, 2015 to common shareholders of record as of January 2, 2015.
STT: 75.24 (-2.96)
State Street Global Advisors Launches First Low Carbon ETF
Business Wire - Thu Dec 11, 7:31AM CST
State Street Global Advisors (SSGA), the asset management arm of State Street Corporation (NYSE:STT), today announced the SPDR MSCI ACWI Low Carbon Target ETF (Symbol: LOWC) began trading on the NYSE Arca on November 26, 2014. Developed in conjunction with the United Nations Joint Staff Pension Fund (UNJSPF), LOWC is a new vehicle that seeks to provide access to the potentially long-term growth opportunities of companies that are carbon efficient while reducing exposure to assets vulnerable to the transition to a low carbon economy.
STT: 75.24 (-2.96), LOWC: 71.94 (-1.44)
Banks May Face Additional Capital Surcharge: Time to Shrink? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Dec 10, 4:34PM CST
We believe that an additional capital cushion will likely lower the banks' lending ability and put pressure on revenues, thereby leading to lower earnings. Hence, these banks will have no other option but to shrink or break up their global operations.
GS: 188.82 (-4.72), STT: 75.24 (-2.96), JPM: 60.04 (-1.10), C: 53.40 (-1.11), BAC: 17.13 (-0.34), WFC: 53.70 (-0.73), BK: 39.92 (-0.62), MS: 36.25 (-1.15)
The Fed's Tough Capital Plan Focuses on Short-term Funding
at The Street - Wed Dec 10, 8:45AM CST
Big banks need to raise $21 billion.
STT: 75.24 (-2.96), GS: 188.82 (-4.72), JPM: 60.04 (-1.10), C: 53.40 (-1.11), WFC: 53.70 (-0.73), BAC: 17.13 (-0.34), BK: 39.92 (-0.62), MS: 36.25 (-1.15)
Today's Market: The Fed To Impact These Banks With New Rules
Matthew Smith - at Seeking Alpha - Wed Dec 10, 8:31AM CST
STT: 75.24 (-2.96), GS: 188.82 (-4.72), QQQ: 102.67 (-1.13), JPM: 60.04 (-1.10), C: 53.40 (-1.11), WFC: 53.70 (-0.73), BAC: 17.13 (-0.34), BK: 39.92 (-0.62), MS: 36.25 (-1.15)
Beware Weak Q4 Trading Revenue, BofA CEO Warns
at Investor's Business Daily - Tue Dec 09, 12:11PM CST
Bank of America's (BAC) chief executive warned investors to expect lower trading revenue in the fourth quarter compared to Q3 and a year earlier, sending the bank's shares falling. BofA CEO Brian Moynihan shared the information at an industry...
STT: 75.24 (-2.96), GS: 188.82 (-4.72), JPM: 60.04 (-1.10), C: 53.40 (-1.11), WFC: 53.70 (-0.73), BAC: 17.13 (-0.34), BK: 39.92 (-0.62), MS: 36.25 (-1.15)
Hit The Road, State Street
Craig Pirrong - at Seeking Alpha - Mon Dec 08, 1:27PM CST
Following the lead of Bank of New York (NYSE: BK ), State Street (NYSE: STT ) announced that it is exiting the swaps clearing business : State Street Corp. is closing down its swaps business after clients said new regulations steered them away for...
STT: 75.24 (-2.96), BK: 39.92 (-0.62)
15.1% Return Seen to Date on SmarTrend State Street Call (STT)
Comtex SmarTrend(R) - Mon Dec 08, 9:46AM CST
SmarTrend identified an Uptrend for State Street (NYSE:STT) on October 23rd, 2014 at $68.95. In approximately 2 months, State Street has returned 15.07% as of today's recent price of $79.34.
STT: 75.24 (-2.96)
Banks: "Your money's no good here"
Seeking Alpha - at Seeking Alpha - Mon Dec 08, 9:28AM CST
STT: 75.24 (-2.96), JPM: 60.04 (-1.10), C: 53.40 (-1.11), DB: 30.78 (-0.56), HSBC: 47.38 (-0.90), BAC: 17.13 (-0.34), BK: 39.92 (-0.62)
State Street Global Advisors: A Divergent World Creates Opportunities in 2015
Business Wire - Mon Dec 08, 6:00AM CST
State Street Global Advisors (SSGA), the asset management arm of State Street Corporation (NYSE: STT), today announced that its global market outlook for 2015 anticipates that diverging global monetary policy will have an impact on every asset class, but poses interesting and diverse opportunities for proactive investors.
STT: 75.24 (-2.96)
Financial sector leads the way on strong jobs number
Seeking Alpha - at Seeking Alpha - Fri Dec 05, 9:06AM CST
UYG: 141.66 (-5.65), KBE: 32.58 (-0.48), RF: 10.01 (-0.16), BBT: 37.45 (-0.73), HBAN: 10.06 (-0.19), PRU: 86.66 (-3.13), BNY: 14.23 (+0.07), C: 53.40 (-1.11), QABA: 35.24 (-0.47), KEY: 13.30 (-0.23), KRE: 39.10 (-0.54), JPM: 60.04 (-1.10), RKH: 54.67 (-1.50), FNCL: 28.43 (-0.49), FXO: 22.67 (-0.45), ETFC: 22.58 (-0.94), KIE: 65.06 (-1.40), FAS: 117.50 (-7.45), XLF: 24.14 (-0.48), FAZ: 13.92 (+0.74), RYF: 43.55 (-0.84), ZION: 26.98 (-0.43), SCHW: 28.75 (-0.93), FINZ: 24.28 (unch), SEF: 18.08 (+0.31), STT: 75.24 (-2.96), VFH: 48.60 (-0.90), KRS: 28.13 (+1.10), KBWB: 37.03 (-0.71), FINU: 80.97 (-4.77), KRU: 85.15 (-2.89), MET: 52.82 (-2.39), WFC: 53.70 (-0.73), BAC: 17.13 (-0.34), IYG: 89.32 (-1.85), LNC: 55.01 (-1.93), IYF: 88.10 (-1.71), KBWI: 70.00 (unch), NTRS: 65.90 (-0.96), IAK: 48.68 (-1.12), KBWR: 38.45 (-0.65), RWW: 49.09 (-1.22), IAI: 40.94 (-1.13), KBWP: 42.24 (-0.31), IAT: 33.83 (-0.53), PSCF: 40.50 (-0.50), AMTD: 34.92 (-1.17)
State Street Global Exchange Announces Collaboration with Josh Lerner and the Private Capital Research Institute to Enhance Private Equity Research
Business Wire - Thu Dec 04, 12:00PM CST
State Street Global Exchange today announced a new collaboration with Josh Lerner, Jacob H. Schiff professor of investment banking at Harvard Business School, and the Private Capital Research Institute (PCRI) that seeks to further academic research on private capital. Also announced today is the launch of the GX Private Equity Index portal which will provide State Street clients with enhanced transparency into private capital market performance, trends and liquidity via a web-based application.
STT: 75.24 (-2.96)
BofA's Cost-Saving Initiatives on Track: Should You Invest? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Dec 03, 9:50AM CST
We believe that BofA's efficiency initiative - Project New BAC - will continue to support its financials, as revenue growth is expected to remain muted in the near term.
PFBC: 25.31 (-0.57), STT: 75.24 (-2.96), WAL: 26.52 (-0.44), BAC: 17.13 (-0.34)
Bank of New York Mellon Cedes Board Seat to Trian Fund
at The Street - Wed Dec 03, 8:39AM CST
Nelson Peltz will relinquish his seat at Legg Mason after placing a lieutenant on the New York lender's expanded board.
STT: 75.24 (-2.96), LM: 50.28 (-1.73), BK: 39.92 (-0.62)
U.S. Banks with Growth Potential - Industry Outlook
Kalyan Nandy - Zacks Investment Research - Wed Dec 03, 12:00AM CST
U.S. Banks with Growth Potential - Industry Outlook
CFR: 70.00 (-1.62), LION: 15.69 (-0.13), STT: 75.24 (-2.96), STBA: 28.36 (-0.42), EFSC: 19.07 (+0.06), ORIT: 14.51 (-0.17), FCB: 24.38 (-0.07), HBNC: 24.70 (-0.14), ASBC: 18.06 (-0.26), ISTR: 14.05 (-0.01), BYLK: 12.61 (-0.04)
