85.41 +0.04 (0.05%)
After hours: 7:29PM EDT
|Bid||80.00 x 1000|
|Ask||0.00 x 1400|
|Day's Range||84.97 - 86.11|
|52 Week Range||82.43 - 114.27|
|PE Ratio (TTM)||14.11|
|Earnings Date||Oct 22, 2018 - Oct 26, 2018|
|Forward Dividend & Yield||1.88 (2.21%)|
|1y Target Est||104.00|
As interest rates soar, pop goes loan yields. Now is prime time to capitalize. With economic growth recovering, loan losses are getting narrower in the process. In other words, the banking sector is a savvy bet these days.
The cover story in this weekend's Barron's examines how blockchain technology is beginning to show promise. Other featured articles include income picks from top advisors and five standout dividend picks. ...
State Street reaped attention for its Fearless Girl statue on Wall Street. Investors have worried since State Street (STT) announced a $2.6 billion acquisition of Charles River Development, a maker of trading systems and analytic software. The acquisition didn’t come cheap, priced at eight times Charles River’s 2017 revenue and 18 times its estimated 2018 earnings.
State Street Corp. is overcoming active loan managers’ suspicion of exchange-traded funds with a product that shuns the indexes most ETFs track. Eaton Vance Corp. and Wellington Management Group have bought shares in the SPDR Blackstone/GSO Senior Loan ETF, known as SRLN, regulatory filings show. While actively managed products make up less than 2 percent of the $3.6 trillion U.S. ETF market, issuers are increasingly choosing individuals over indexes to manage their credit strategies.
The Turkish lira was slightly weaker in Asian trading on Friday, a day after the currency came under further pressure after the US warned that new sanctions would be imposed on Turkey if a detained American evangelical pastor was not released. The embattled currency had been steadily strengthening in recent days after steps to clamp down on short selling and reassurances from the government that it would not impose capital controls. “We have more that we’re planning to do if they don’t release him quickly,” he said, referring to Andrew Brunson, an evangelical pastor held in Turkey on terrorism charges.
MetLife Inc.’s asset manager struck a deal with State Street Corp. to originate and service as much as $2 billion in commercial mortgages.
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.
Yahoo Finance's Seana Smith and Jared Blikre on the biggest headlines moving the markets in afternoon trading Wednesday.