98.14 0.00 (0.00%)
After hours: 4:46PM EDT
|Bid||26.74 x 800|
|Ask||129.09 x 1400|
|Day's Range||97.94 - 99.08|
|52 Week Range||86.80 - 114.27|
|PE Ratio (TTM)||18.73|
|Earnings Date||Jul 24, 2018 - Jul 30, 2018|
|Forward Dividend & Yield||1.68 (1.67%)|
|1y Target Est||116.53|
State Street Corporation (STT) will provide more details about our proposed capital distributions after CCAR results are released by the Federal Reserve next week. Given this year’s more severe stress scenario and the nature of our business model that differs from that of a traditional commercial or investment bank, we believe that the DFAST results may not be fully indicative of the capital distributions that we may be permitted to make following the CCAR results. This News Release contains forward-looking statements within the meaning of United States securities laws, including statements about our planned capital distributions and the amounts thereof.
State Street Corporation today announced the results of its 2018 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.
State Street Corp named Geoff Pullen as managing director of its alternatives sector for Europe, the Middle East and Africa . Pullen joins the custodian bank from Standard Chartered , where he was the ...
Of the 20 analysts tracking State Street (STT), four recommend “strong buy,” six recommend “buy,” and ten recommend “hold.” Although these ratings were the same last month, in April, five analysts recommended “strong buy,” four recommended “buy,” and 11 recommended “hold.” Their views may be tied to global macro factors such as interest rates.
State Street Global Advisors, the asset management business of State Street Corporation (STT), today published its 2018 Mid-Year Global Market Outlook, offering insight into the near-term future of global markets. “As we head into the second half of the year, many of the core views we expressed last December remain intact,” said Rick Lacaille, global chief investment officer at State Street Global Advisors. “Solid growth and contained inflation should continue to support risk assets, though we now prefer US equities, as Europe and Japan struggle to match last year’s strong performance.
State Street’s (STT) NTM (next-12-month) PE ratio is 12.1x, lower than competitors’ (XLF) average of 14.7x. Peers T. Rowe Price (TROW), BlackRock (BLK), and Invesco IVZ) have NTM PE ratios of 16.8x, 17.9x, and 9.3x, respectively.
State Street’s (STT) investment management division garners fee revenue from trading services, management and processing fees, and other revenue. The division’s total fee revenue rose 24% year-over-year in the first quarter.
It's been clear for some time that the telecom sector needed a refresh. MSCI/S&P Dow Jones Indices is addressing the issue by creating a new communication-services sector, due in September. The new sector will pull from a number of industries, including media, digital streaming, Internet services, and home entertainment software, along with telecom, which it is replacing. Ahead of the change, State Street (STT) announced the creation of the new Communication Services ETF (XLC), which began trading this morning.
In the first quarter, State Street’s (STT) fee revenue made up a significant portion of its investment servicing revenue. Its fee revenue is mainly generated from servicing fees, which primarily depend on AUCA (assets under custody and administration). In the second quarter, the division’s AUCA are expected to increase sequentially thanks to equity market recovery.
This year, State Street’s (STT) revenue will largely depend on how stock markets perform amid trade war tension and interest rate hikes. In the first quarter, the company’s servicing fees rose 9.6% YoY (year-over-year). In the second quarter, these fees are expected to rise sequentially, primarily because of equity markets recovering due to a strong earnings season and geopolitical tension easing.
State Street (STT), set to report its second-quarter results on July 25, is expected to see its total fee revenue rise sequentially, primarily because of higher servicing and management fees. These fees depend on AUCA (assets under custody and administration) and AUM (assets under management). In the first quarter, trade tension accelerated equity markets’ downward momentum.
State Street Global Advisors, the asset management business of State Street Corporation , today announced the launch of the Communication Services Select Sector SPDR Fund .
State Street Global Advisors said on Tuesday that it had launched an exchange-traded fund (ETF) that will track the recently refreshed communication services sector, which includes telecom and social media firms such as Facebook Inc (FB.O) and Verizon Communications Inc (VZ.N). The Communication Services Select Sector SPDR Fund (XLC.P) will belong to the group of SPDR funds managed by State Street, known as "spiders." The new fund is a response to sweeping changes to the Global Industry Classification Standard, or GICS, an industry catalogue maintained by S&P Dow Jones Indices and MSCI Inc (MSCI.N).
State Street Global Advisors said on Tuesday that it had launched an exchange-traded fund (ETF) that will track the recently refreshed communication services sector, which includes telecom and social media firms such as Facebook Inc and Verizon Communications Inc. The Communication Services Select Sector SPDR Fund will belong to the group of SPDR funds managed by State Street, known as "spiders." The new fund is a response to sweeping changes to the Global Industry Classification Standard, or GICS, an industry catalog maintained by S&P Dow Jones Indices and MSCI Inc. The overhauled GICS will replace the old telecommunication services with the broader communication services sector, yanking large companies away from the information technology and consumer discretionary sectors as a result.
Michael Metcalfe, global head of macro strategy at State Street Global Markets, discusses the market fallout from an escalation in the U.S.-China trade dispute. He speaks with Guy Johnson on "Bloomberg ...
State Street Corporation today announced that it has launched a Real Assets Fund Services group that will provide a variety of back office investment services to real estate and infrastructure funds.
The State Street Global Exchange℠ Private Equity Index (GXPEI) ended the fourth quarter of 2017 with a continued strong performance by way of a 4.78 percent total gain. The PEI is based on directly-sourced limited partnership data and represents more than $2.7 trillion in private equity investments, with more than 2,800 unique private equity partnerships, as of December 31 2017. Buyout funds have now led in gains among the three main private equity strategies (Buyout, Venture Capital and Private Debt) for eight consecutive quarters.
Custody bank State Street Corp said on Friday it had named Maria Cantillon head of sector solutions for Europe, Middle East and Africa . Cantillon, who previously was State Street's global head of alternative ...
State Street Corporation (STT) today announced that it is ranked as industry-leading in several categories by Euromoney Magazine’s annual list of global banks providing foreign exchange services1. The ranking, now in its 40th year, is the most comprehensive quantitative and qualitative annual study available on foreign exchange markets.
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 Lumber Liquidators Holdings, Inc.
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Moody's Investors Service has today assigned Counterparty Risk Ratings to the rated bank subsidiaries and bank branches of eight large US banking groups: Bank of America Corporation (BAC), The Bank of New York Mellon Corporation (BNY Mellon), Citigroup Inc. (Citi), The Goldman Sachs Group, Inc. (GS), JPMorgan Chase & Co. (JPM), Morgan Stanley (MS), State Street Corporation (STT), and Wells Fargo & Company (WFC). Moody's Counterparty Risk Ratings (CRR) are opinions of the ability of entities to honor the uncollateralized portion of non-debt counterparty financial liabilities (CRR liabilities) and also reflect the expected financial losses in the event such liabilities are not honored.
Dwyfor Evans, head of APAC macros strategy and managing director at State Street Global Markets, discusses his outlook and his concerns for markets. He speaks on "Bloomberg Markets: Asia." (Source: ...
The asset manager is placing greater emphasis on environmental, social and corporate governance factors for two of its funds.