|Bid||83.95 x 900|
|Ask||83.95 x 900|
|Day's Range||82.72 - 84.07|
|52 Week Range||82.72 - 114.27|
|PE Ratio (TTM)||13.87|
|Earnings Date||Oct 22, 2018 - Oct 26, 2018|
|Forward Dividend & Yield||1.88 (2.17%)|
|1y Target Est||105.06|
Yahoo Finance's Seana Smith and Jared Blikre on the biggest headlines moving the markets in afternoon trading Wednesday.
Benjamin Jones, senior multi-asset strategist at State Street, discusses the U.S. dollar and U.S. markets. He speaks on "Bloomberg Markets: European Open." (Source: Bloomberg)
The law firm claims it’s been unfairly denied the opportunity to make millions of dollars by subleasing some of its office space.
State Street Corp. and Goldman Sachs Group Inc. are planning a series of ETFs with themes that would invest in everything from robotics to space to deep-sea exploration, regulatory filings show. The timing could be less than auspicious, however, as some thematic funds, particularly those focused on artificial intelligence and robotics, have been hemorrhaging cash for months. “Thematic ETFs have gone from laughing stock to big business,” said Eric Balchunas, a senior analyst at Bloomberg Intelligence.
State Street Corporation (STT) today announced the appointment of Andrew Allright as CEO of InfraHedge, the firm’s dedicated managed account business. Allright has been with InfraHedge since it launched in 2011, and has played a key role in growing the business to become the global leader in servicing managed accounts. With more than $30 billion of client assets, InfraHedge designs, builds and operates dedicated, customized platforms for institutional investors to effectively manage their third-party investment programs.
The Vanguard Information Technology exchange-traded fund has been steadily selling shares of Facebook Inc. to prepare for next month’s reclassification of technology stocks. As a result, the $21.4 billion ETF has sold 3.8 million Facebook shares since April, more than half of its holdings, according to FactSet, thereby avoiding a sizable slice of Facebook’s 21% tumble since July 25. MSCI Inc. and S&P Global Inc., which developed the classification system, are redefining hundreds of companies, including giants like Facebook, Comcast Corp. and Google parent Alphabet Inc.
The State Street Global Exchange® Private Equity Index (GXPEI) ended the first quarter of 2018 with a slight increase of 2.44 percent. The Buyout funds category ended its streak of eight quarters of outperformance with a 2.09 percent gain, lagging behind the 3.78 percent return from Venture Capital funds and 2.46 percent from Private Debt funds. The PEI is based on directly-sourced limited partnership data and represents more than $2.8 trillion in private equity investments, with more than 2,800 unique private equity partnerships, as of March 31.
A former State Street Corp executive avoided prison on Tuesday after cooperating with U.S. authorities investigating a scheme to defraud clients of the bank by applying secret commissions on billions of dollars in securities trades. Richard Boomgaardt, who was the head of State Street’s transition management desk for Europe, the Middle East and Africa, faced up to five years in prison after pleading guilty in 2017 to conspiring to commit wire fraud and securities fraud.
The U.S. dollar rally is just about finished, according to a growing chorus of Wall Street forecasters. Morgan Stanley, State Street Corp. and Wells Fargo & Co. are some of the prognosticators saying the greenback is near its peak after gaining around 5 percent since mid-April. Currency jawboning by U.S. President Donald Trump, shifting growth expectations outside America, and tweaks to central-bank policies are among the bearish factors that could drive the greenback lower in the coming months, analysts said.
NEW YORK, July 31, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Amicus ...
For State Street Corp., the company that pioneered the $5 trillion exchange-traded fund industry, it’s been a long way down. It was the worst showing among the three largest issuers and sent State Street Global Advisors’ share of the U.S. ETF industry to an all-time low. State Street launched the first ETF 25 years ago and dominated the market for a decade.
State Street Corporation (“State Street”) (STT) today announced the pricing of an underwritten public offering of 13,244,271 shares of its common stock at a public offering price of $86.93 per share. The offering is being conducted as a public offering registered under the Securities Act of 1933, as amended. The offering is expected to close on July 31, 2018, subject to customary closing conditions.
State Street Corporation (“State Street”) (STT) today announced that it intends to sell 13,244,271 shares of its common stock in an underwritten public offering. The offering will be conducted as a public offering registered under the Securities Act of 1933, as amended. All of the shares in the offering are to be sold by State Street.
State Street Global Advisors, the asset management business of State Street Corporation (STT), today announced recent updates to the composition of its SSGA Gender Diversity Index (The Index), which is designed to measure the performance of U.S. large capitalization companies that demonstrate greater gender diversity within senior leadership than other firms in their sector. The top ten companies held in the market capitalization weighted Index are Johnson & Johnson, Wells Fargo & Company, Home Depot, Inc., ConocoPhillips, Caterpillar Inc., Starbucks Corporation, Biogen Inc., S&P Global, Inc., MetLife, Inc. and Electronic Arts Inc. The Index is rebalanced on an annual basis to ensure constituents continue to reflect the underlying Index objective: tracking the performance of US large-capitalization companies that are leaders within their sectors in advancing women through gender diversity on their boards of directors and in senior leadership positions.
Invesco (IVZ) reported its second-quarter results today, posting EPS of $0.66. In comparison, T. Rowe Price (TROW) and BlackRock (BLK) posted EPS of $1.87 and $6.66, respectively.
T. Rowe Price Group (TROW) reported its second-quarter earnings results today. The company’s EPS were $1.87 in the quarter, beating analysts’ expectations by $0.09.
State Street Global Advisors, the asset management business of State Street Corporation (STT), has teamed up with actress, director and business owner Elizabeth Banks to launch, starting today, a series of podcasts to raise awareness of the strong performance of several mid-cap companies that make up the SPDR® S&P MIDCAP 400 ETF (MDY). The series, entitled Crazy Enough to Work and directed by David Gordon Green, explores how several companies with a market cap range of $1 billion to $8 billion, got started, overcame the odds and remain relevant as the world changes around them. During several frank discussions and fun experiences, Elizabeth Banks investigates and uncovers unexpected moments about how these companies have influenced and inspired their customers and employees.
The SPDR® Exchange Traded Fund listed in the table below, announced today that the Fund received a payment as an authorized claimant from a class action settlement related to Walter Investment Management Corp, formerly traded on the New York Stock Exchange under ticker symbol prior to filing for bankruptcy in December 2017.
Across the industry, long-term U.S. funds suffered $22 billion in net redemptions, their worst month collectively in nearly three years, according to Morningstar.
tanked on Friday, as the bank and financial services provider said it would buy investment management software developer Charles River Development for $2.6 billion in cash. Charles River develops software to handle portfolio management, risk analytics, trading and trade settlement, compliance and other processes for more than 300 international investment firms that manage $25 trillion in assets. Shares of State Street dropped about 7% to $85.75 on the deal, which State Street expects to be accretive in 2020.