State Street Corp (STT) 64.90 $STT
State Street Enhances PAM(R) Platform to Enable Client Compliance with IFRS 9
BusinessWire - 1 hr 31 mins ago
State Street Corporation (NYSE: STT) today announced enhancements to PAM(R) for Investments, its comprehensive accounting and management platform, to help clients comply with the International Accounting Standard Board's IFRS 9 (the Financial Instruments mandate), which replaces IAS 39 and goes into effect January 2018. This new standard, which impacts all entities with financial instruments on the balance sheet regulated under IFRS, fundamentally changes how financial assets are accounted for, including how instruments are classified and measured, and how they are impaired.
STT: 64.90 (-1.04)
Fitch: Prudent Expense Management Boosted State Street's 2Q16 Results
BusinessWire - Thu Jul 28, 10:54AM CDT
State Street Corporation's (STT) cost base control in the second quarter of 2016 (2Q16) remains a key driver for producing positive operating leverage, according to Fitch Ratings. On a GAAP basis, the company's return on average equity (ROE) improved to 12.4% in 2Q16, from 6.8% in the sequential quarter and 8.2% in the year-ago quarter. Prior quarter's results included a $62 million net after tax restructuring charge ($97 million pre-tax) related to the company's cost of 'Beacon' initiatives. The charge declined to $8 million net after tax in 2Q16.
STT: 64.90 (-1.04)
Look for Shares of State Street to Potentially Pullback after Yesterday's 7.59% Rise
Comtex SmarTrend(R) - Wed Jul 27, 12:35PM CDT
State Street (NYSE:STT) traded in a range yesterday that spanned from a low of $60.33 to a high of $63.05. Yesterday, the shares gained 7.6%, which took the trading range above the 3-day high of $58.37 on volume of 3.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
STT: 64.90 (-1.04)
SmarTrend Watching for Potential Pullback in Shares of State Street After 7.59% Gain
Comtex SmarTrend(R) - Wed Jul 27, 12:33PM CDT
State Street (NYSE:STT) traded in a range yesterday that spanned from a low of $60.33 to a high of $63.05. Yesterday, the shares gained 7.6%, which took the trading range above the 3-day high of $58.37 on volume of 3.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
STT: 64.90 (-1.04)
State Street (STT) Beats on Q2 Earnings as Expenses Fall
Zacks Equity Research - Zacks Investment Research - Wed Jul 27, 9:10AM CDT
Lower costs driven by a successful expense savings initiative led State Street's second-quarter 2016 operating earnings of $1.46 per share, which handily surpassed the Zacks Consensus Estimate of $1.26.
STT: 64.90 (-1.04), BBT: 36.22 (-0.45), KEY: 11.42 (-0.06), BK: 38.56 (-0.64)
State Street (STT) Beat on Q2 Earnings, Revenues Lag
Zacks Equity Research - Zacks Investment Research - Wed Jul 27, 7:24AM CDT
Lower expenses primarily led to the earnings beat at State Street .
STT: 64.90 (-1.04)
State Street Reports Second-Quarter 2016 GAAP-Basis EPS of $1.47 on Lower Expenses Compared to the Second Quarter of 2015
BusinessWire - Wed Jul 27, 6:00AM CDT
--As previously disclosed, authorized to purchase up to $1.4 billion of common stock through June 30, 2017 and, subject to board approval, intends to increase quarterly common stock dividend to $0.38 per share
STT: 64.90 (-1.04)
Labaton Sucharow Recovers $300 Million from State Street in connection with FX Trades
GlobeNewswire - Tue Jul 26, 6:03PM CDT
Labaton Sucharow LLP announced today a proposed $300 million settlement with Boston-based financial services company, State Street Corporation (State Street). The Firm serves as lead counsel on behalf of the plaintiff Arkansas Teacher Retirement System (ATRS) in Arkansas Teacher Retirement System v. State Street Corp. et al., No. 11-cv-10230 (D. Mass.), with assistance from Thornton Law Firm LLP and Lieff Cabraser Heimann & Bernstein, LLP. Two other class actions alleging claims under the Employee Retirement Income Security Act of 1974 (ERISA) were consolidated into this ATRS action, and the ERISA plaintiffs are also represented by Keller Rohrback LLP, McTigue Law LLP, and Zuckerman Spaeder LLP.
STT: 64.90 (-1.04)
State Street Announces Foreign Exchange Settlement
BusinessWire - Tue Jul 26, 5:05PM CDT
State Street Corporation (NYSE:STT) announced today that State Street Bank and Trust Company has negotiated a series of agreements, which it expects, subject to final approval, to resolve all pending litigation and regulatory matters in the United States related to its indirect foreign exchange business.
STT: 64.90 (-1.04)
State Street (STT) Q2 Earnings: Will the Stock Disappoint?
Zacks Equity Research - Zacks Investment Research - Tue Jul 26, 3:29PM CDT
Will State Street succeed in maintaining its earnings streak? Or will low interest rate environment be a drag on the bottom line? Let's check out the factors that are likely to influence State Street's results.
CFR: 65.29 (-1.22), STT: 64.90 (-1.04), FII: 31.15 (-0.56), LPLA: 24.56 (-1.34)
State Street Rises 1.02% on Heavy Volume: Watch For Potential Pullback
Comtex SmarTrend(R) - Mon Jul 18, 1:46PM CDT
State Street (NYSE:STT) traded in a range yesterday that spanned from a low of $56.74 to a high of $57.53. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $57.08 on volume of 895,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
STT: 64.90 (-1.04)
Look for Shares of State Street to Potentially Pullback after Yesterday's 2.01% Rise
Comtex SmarTrend(R) - Thu Jul 14, 2:17PM CDT
State Street (NYSE:STT) traded in a range yesterday that spanned from a low of $55.69 to a high of $56.40. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $55.06 on volume of 1.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
STT: 64.90 (-1.04)
Fitch Affirms State Street Corporation's IDR at 'AA-'; Outlook Stable
BusinessWire - Tue Jul 12, 12:08PM CDT
Fitch Ratings has affirmed State Street Corporation's (STT) Long-Term Issuer-Default Ratings (IDR) at 'AA-'. The Rating Outlook remains Stable. A full list of rating actions follows at the end of this release.
STT: 64.90 (-1.04)
Fitch: U.S. Trust Banks Focused on Expense Management
BusinessWire - Tue Jul 12, 12:07PM CDT
Fitch Ratings has affirmed the ratings of the following U.S trust banks: Bank of New York Mellon ('AA-'
, State Street Corporation ('AA-', Northern Trust Corporation ('AA-', and Brown Brothers Harriman ('A+'. The Rating Outlooks for all of the banks are Stable.
STT: 64.90 (-1.04), NTRS: 65.98 (-1.11), BK: 38.56 (-0.64)
State Street and Bloomberg Announce Enhanced Processing and Settlement for Fixed Income ETFs
BusinessWire - Mon Jul 11, 9:55AM CDT
State Street Corporation (NYSE: STT), and Bloomberg, the global business and financial information and news leader, announced today the launch of an enhancement for the fixed income exchange traded fund (ETF) market that helps clients process and settle ETF orders in a more efficient, scalable and automated manner.
STT: 64.90 (-1.04)
GE Closes Asset Management Business Sale with State Street
Zacks Equity Research - Zacks Investment Research - Wed Jul 06, 9:21AM CDT
General Electric Company (GE) recently completed the divesture of its Asset Management business to asset management firm State Street Corporation (STT) for approximately $485 million.
MMM: 177.57 (-0.72), GE: 31.04 (-0.11), STT: 64.90 (-1.04), HON: 115.14 (-0.74)
State Street (STT) Closes the GE Asset Management Deal
Zacks Equity Research - Zacks Investment Research - Wed Jul 06, 9:03AM CDT
In a bid to ramp up its profitability against a tough operating backdrop, last week, State Street Corporation (STT) completed the acquisition of GE Asset Management (???GEAM???), a wholly owned subsidiary of General Electric Company (GE).
SF: 33.70 (-1.42), GE: 31.04 (-0.11), STT: 64.90 (-1.04), FMBI: 18.38 (-0.17)
Pre-market Insights on Financial Sector - Navient, WisdomTree Investments, State Street, and KKR & Co.
PR Newswire - Fri Jun 24, 7:10AM CDT
On Thursday, June 23, 2016, the NASDAQ Composite ended the trading session at 4,910.04, up 1.59%; the Dow Jones Industrial Average advanced 1.29% to finish at 18,011.07; and the S&P 500 closed at 2,113.32, up 1.34%. The gains were broad based as all the sectors ended the session in positive. Stock-Callers.com has initiated coverage on the following equities: Navient Corporation (NASDAQ: NAVI), WisdomTree Investments Inc. (NASDAQ: WETF), State Street Corporation (NYSE: STT), and KKR & Company L.P. (NYSE: KKR). Learn more about these stocks by accessing their free trade alerts at:
STT: 64.90 (-1.04), WETF: 9.65 (-0.45), KKR: 14.13 (-0.42), NAVI: 13.66 (-0.33)
State Street Corporation Announces Results of Its 2016 Annual Stress Test
BusinessWire - Thu Jun 23, 3:40PM CDT
State Street Corporation (NYSE:STT) today announced the results of its 2016 annual stress test. Consistent with section 165 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the results are based on the supervisory severely adverse scenario and incorporate prescribed Dodd-Frank capital actions.
STT: 64.90 (-1.04)
US Financial 15 Split Corp.: Preferred Dividend Declared
Marketwire Canada - Mon Jun 20, 5:52PM CDT
TORONTO, ONTARIO--(Marketwired - Jun 20, 2016) - US Financial 15 Split Corp. ("US Financial 15" declares its monthly distribution of $0.02966 for each Preferred share, or 5.25% annually based on the May 31, 2016 net asset value of $6.78. Dividends are payable on July 8, 2016 to Preferred shareholders on record as at June 30, 2016.
FITB: 18.48 (-0.30), STT: 64.90 (-1.04), RF: 8.83 (-0.19), AXP: 63.28 (-0.85), FTU.TO: 0.26 (unch), MS: 27.83 (-0.67)
State Street Enhances PAM(R) Platform to Enable Client Compliance with IFRS 9
BusinessWire - 1 hr 31 mins ago
State Street Corporation (NYSE: STT) today announced enhancements to PAM(R) for Investments, its comprehensive accounting and management platform, to help clients comply with the International Accounting Standard Board's IFRS 9 (the Financial Instruments mandate), which replaces IAS 39 and goes into effect January 2018. This new standard, which impacts all entities with financial instruments on the balance sheet regulated under IFRS, fundamentally changes how financial assets are accounted for, including how instruments are classified and measured, and how they are impaired.
STT: 64.90 (-1.04)
Fitch: Prudent Expense Management Boosted State Street's 2Q16 Results
BusinessWire - Thu Jul 28, 10:54AM CDT
State Street Corporation's (STT) cost base control in the second quarter of 2016 (2Q16) remains a key driver for producing positive operating leverage, according to Fitch Ratings. On a GAAP basis, the company's return on average equity (ROE) improved to 12.4% in 2Q16, from 6.8% in the sequential quarter and 8.2% in the year-ago quarter. Prior quarter's results included a $62 million net after tax restructuring charge ($97 million pre-tax) related to the company's cost of 'Beacon' initiatives. The charge declined to $8 million net after tax in 2Q16.
STT: 64.90 (-1.04)
Look for Shares of State Street to Potentially Pullback after Yesterday's 7.59% Rise
Comtex SmarTrend(R) - Wed Jul 27, 12:35PM CDT
State Street (NYSE:STT) traded in a range yesterday that spanned from a low of $60.33 to a high of $63.05. Yesterday, the shares gained 7.6%, which took the trading range above the 3-day high of $58.37 on volume of 3.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
STT: 64.90 (-1.04)
SmarTrend Watching for Potential Pullback in Shares of State Street After 7.59% Gain
Comtex SmarTrend(R) - Wed Jul 27, 12:33PM CDT
State Street (NYSE:STT) traded in a range yesterday that spanned from a low of $60.33 to a high of $63.05. Yesterday, the shares gained 7.6%, which took the trading range above the 3-day high of $58.37 on volume of 3.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
STT: 64.90 (-1.04)
State Street (STT) Beats on Q2 Earnings as Expenses Fall
Zacks Equity Research - Zacks Investment Research - Wed Jul 27, 9:10AM CDT
Lower costs driven by a successful expense savings initiative led State Street's second-quarter 2016 operating earnings of $1.46 per share, which handily surpassed the Zacks Consensus Estimate of $1.26.
STT: 64.90 (-1.04), BBT: 36.22 (-0.45), KEY: 11.42 (-0.06), BK: 38.56 (-0.64)
State Street (STT) Beat on Q2 Earnings, Revenues Lag
Zacks Equity Research - Zacks Investment Research - Wed Jul 27, 7:24AM CDT
Lower expenses primarily led to the earnings beat at State Street .
STT: 64.90 (-1.04)
State Street Reports Second-Quarter 2016 GAAP-Basis EPS of $1.47 on Lower Expenses Compared to the Second Quarter of 2015
BusinessWire - Wed Jul 27, 6:00AM CDT
--As previously disclosed, authorized to purchase up to $1.4 billion of common stock through June 30, 2017 and, subject to board approval, intends to increase quarterly common stock dividend to $0.38 per share
STT: 64.90 (-1.04)
Labaton Sucharow Recovers $300 Million from State Street in connection with FX Trades
GlobeNewswire - Tue Jul 26, 6:03PM CDT
Labaton Sucharow LLP announced today a proposed $300 million settlement with Boston-based financial services company, State Street Corporation (State Street). The Firm serves as lead counsel on behalf of the plaintiff Arkansas Teacher Retirement System (ATRS) in Arkansas Teacher Retirement System v. State Street Corp. et al., No. 11-cv-10230 (D. Mass.), with assistance from Thornton Law Firm LLP and Lieff Cabraser Heimann & Bernstein, LLP. Two other class actions alleging claims under the Employee Retirement Income Security Act of 1974 (ERISA) were consolidated into this ATRS action, and the ERISA plaintiffs are also represented by Keller Rohrback LLP, McTigue Law LLP, and Zuckerman Spaeder LLP.
STT: 64.90 (-1.04)
State Street Announces Foreign Exchange Settlement
BusinessWire - Tue Jul 26, 5:05PM CDT
State Street Corporation (NYSE:STT) announced today that State Street Bank and Trust Company has negotiated a series of agreements, which it expects, subject to final approval, to resolve all pending litigation and regulatory matters in the United States related to its indirect foreign exchange business.
STT: 64.90 (-1.04)
State Street (STT) Q2 Earnings: Will the Stock Disappoint?
Zacks Equity Research - Zacks Investment Research - Tue Jul 26, 3:29PM CDT
Will State Street succeed in maintaining its earnings streak? Or will low interest rate environment be a drag on the bottom line? Let's check out the factors that are likely to influence State Street's results.
CFR: 65.29 (-1.22), STT: 64.90 (-1.04), FII: 31.15 (-0.56), LPLA: 24.56 (-1.34)
State Street Rises 1.02% on Heavy Volume: Watch For Potential Pullback
Comtex SmarTrend(R) - Mon Jul 18, 1:46PM CDT
State Street (NYSE:STT) traded in a range yesterday that spanned from a low of $56.74 to a high of $57.53. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $57.08 on volume of 895,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
STT: 64.90 (-1.04)
Look for Shares of State Street to Potentially Pullback after Yesterday's 2.01% Rise
Comtex SmarTrend(R) - Thu Jul 14, 2:17PM CDT
State Street (NYSE:STT) traded in a range yesterday that spanned from a low of $55.69 to a high of $56.40. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $55.06 on volume of 1.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
STT: 64.90 (-1.04)
Fitch Affirms State Street Corporation's IDR at 'AA-'; Outlook Stable
BusinessWire - Tue Jul 12, 12:08PM CDT
Fitch Ratings has affirmed State Street Corporation's (STT) Long-Term Issuer-Default Ratings (IDR) at 'AA-'. The Rating Outlook remains Stable. A full list of rating actions follows at the end of this release.
STT: 64.90 (-1.04)
Fitch: U.S. Trust Banks Focused on Expense Management
BusinessWire - Tue Jul 12, 12:07PM CDT
Fitch Ratings has affirmed the ratings of the following U.S trust banks: Bank of New York Mellon ('AA-'
, State Street Corporation ('AA-', Northern Trust Corporation ('AA-', and Brown Brothers Harriman ('A+'. The Rating Outlooks for all of the banks are Stable. STT: 64.90 (-1.04), NTRS: 65.98 (-1.11), BK: 38.56 (-0.64)
State Street and Bloomberg Announce Enhanced Processing and Settlement for Fixed Income ETFs
BusinessWire - Mon Jul 11, 9:55AM CDT
State Street Corporation (NYSE: STT), and Bloomberg, the global business and financial information and news leader, announced today the launch of an enhancement for the fixed income exchange traded fund (ETF) market that helps clients process and settle ETF orders in a more efficient, scalable and automated manner.
STT: 64.90 (-1.04)
GE Closes Asset Management Business Sale with State Street
Zacks Equity Research - Zacks Investment Research - Wed Jul 06, 9:21AM CDT
General Electric Company (GE) recently completed the divesture of its Asset Management business to asset management firm State Street Corporation (STT) for approximately $485 million.
MMM: 177.57 (-0.72), GE: 31.04 (-0.11), STT: 64.90 (-1.04), HON: 115.14 (-0.74)
State Street (STT) Closes the GE Asset Management Deal
Zacks Equity Research - Zacks Investment Research - Wed Jul 06, 9:03AM CDT
In a bid to ramp up its profitability against a tough operating backdrop, last week, State Street Corporation (STT) completed the acquisition of GE Asset Management (???GEAM???), a wholly owned subsidiary of General Electric Company (GE).
SF: 33.70 (-1.42), GE: 31.04 (-0.11), STT: 64.90 (-1.04), FMBI: 18.38 (-0.17)
Pre-market Insights on Financial Sector - Navient, WisdomTree Investments, State Street, and KKR & Co.
PR Newswire - Fri Jun 24, 7:10AM CDT
On Thursday, June 23, 2016, the NASDAQ Composite ended the trading session at 4,910.04, up 1.59%; the Dow Jones Industrial Average advanced 1.29% to finish at 18,011.07; and the S&P 500 closed at 2,113.32, up 1.34%. The gains were broad based as all the sectors ended the session in positive. Stock-Callers.com has initiated coverage on the following equities: Navient Corporation (NASDAQ: NAVI), WisdomTree Investments Inc. (NASDAQ: WETF), State Street Corporation (NYSE: STT), and KKR & Company L.P. (NYSE: KKR). Learn more about these stocks by accessing their free trade alerts at:
STT: 64.90 (-1.04), WETF: 9.65 (-0.45), KKR: 14.13 (-0.42), NAVI: 13.66 (-0.33)
State Street Corporation Announces Results of Its 2016 Annual Stress Test
BusinessWire - Thu Jun 23, 3:40PM CDT
State Street Corporation (NYSE:STT) today announced the results of its 2016 annual stress test. Consistent with section 165 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the results are based on the supervisory severely adverse scenario and incorporate prescribed Dodd-Frank capital actions.
STT: 64.90 (-1.04)
US Financial 15 Split Corp.: Preferred Dividend Declared
Marketwire Canada - Mon Jun 20, 5:52PM CDT
TORONTO, ONTARIO--(Marketwired - Jun 20, 2016) - US Financial 15 Split Corp. ("US Financial 15"
declares its monthly distribution of $0.02966 for each Preferred share, or 5.25% annually based on the May 31, 2016 net asset value of $6.78. Dividends are payable on July 8, 2016 to Preferred shareholders on record as at June 30, 2016. FITB: 18.48 (-0.30), STT: 64.90 (-1.04), RF: 8.83 (-0.19), AXP: 63.28 (-0.85), FTU.TO: 0.26 (unch), MS: 27.83 (-0.67)
