|Bid||0.00 x 800|
|Ask||85.15 x 1200|
|Day's Range||69.36 - 71.42|
|52 Week Range||65.81 - 114.27|
|Beta (3Y Monthly)||1.90|
|PE Ratio (TTM)||11.37|
|Earnings Date||Jan 21, 2019 - Jan 25, 2019|
|Forward Dividend & Yield||1.88 (2.62%)|
|1y Target Est||89.28|
State Street (STT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Index trackers were in the firing line after some technology-focused exchange-traded funds were forced to ditch billions of dollars of Facebook Inc. and Alphabet Inc. in late September. Hedge funds were net sellers of both companies last quarter, data compiled by Bloomberg show, with the likes of Appaloosa Management and Viking Global Investors cutting stakes.
The hedge fund founded by the billionaire businessman added new stakes in Apple, and PG&E in Q3, the latter which has seen its stock fall over 60% in Nov.
A month ago, a local former State Street executive was sentenced to 18 months behind bars for his role in the same alleged scheme.
The SPDR® Exchange Traded Funds listed in the table below, announced today that the Funds received a payment as an authorized claimant from a class action settlement related to Merck & Co., Inc.
The fund company recently sent letters to small companies whose shares it owns to persuade them to add more women to their boards.
Berkshire Hathaway Inc. (BRK.A, BRK.B) is a multibillion-dollar holding company led by Warren Buffett. Bolstered by its insurance businesses, including GEICO, the company has created room to invest in other industries such as railroads, clothing, and jewelry. Berkshire Hathaway shareholders have been rewarded mightily throughout the company's history, with shares consistently trading at over $300,000. On July 18, 2018, Berkshire Hathaway reported that the company had granted top employees more flexibility to spend cash by repurchasing shares.
State Street Corporation today announced the results of its 2018 mid-cycle stress test, consistent with section 165 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
State Street Corporation announced today that its Chief Financial Officer, Eric Aboaf, will participate in the BancAnalyst Association of Boston Conference in Boston on Thursday, November 8, 2018 at 2:05 PM ET.
State Street Corporation announced today that its Head of Global Markets and Front Office Solutions, Lou Maiuri, and Chief Financial Officer, Eric Aboaf, will participate in the Bank of America Merrill Lynch Future of Financials Conference in New York on Monday, November 5, 2018 at 1:40 PM ET.
The State Street Global Exchange® Private Equity Index (GXPEI) posted its second highest quarterly return of the past two years at 3.99 percent in the second quarter of 2018. The PEI is based on directly-sourced limited partnership data and represents more than $2.8 trillion in private equity investments, with more than 2,900 unique private equity partnerships, as of June 30, 2018. Although private debt funds show a below average return this quarter, their fund raising activity has been particularly strong in 2018.
State Street Global Advisors , the asset management arm of State Street Corporation , announced today the launch of the SPDR Bond Compass, a quarterly publication intended to provide investment professionals with quality data and investment outlooks, which they can use to engage their clients on fixed income investment strategies.
BlackRock Inc., State Street Corp. and rivals have seen their shares take a hit as jittery institutional investors have seized up in choppy markets. BlackRock set the tone for the industry’s rough earnings season. BlackRock spent most of the year with its share price trading well above $500, but it hasn’t closed above that level since July.
“While investor sentiment is poor vis-à-vis Chinese banks, earnings forecasts are starting to turn upward,” she said. Turbulence in global equities in October and a deepening of the bear market in Chinese stocks is throwing up opportunities.
The annualized rate of gains in gross domestic product compared with the 3.3 percent median estimate in a Bloomberg survey and followed a 4.2 percent advance in the prior three months, according to Friday’s report from the Commerce Department. Consumer spending, which accounts for about 70 percent of the economy, unexpectedly accelerated to a 4 percent increase -- the best since 2014 -- while the 0.8 percent gain in nonresidential business investment was the weakest in almost two years. In two volatile categories, inventories provided the biggest contribution since early 2015, while the drag from trade was the largest in 33 years.
The shares of many publicly traded asset managers and banks with related businesses have tumbled in October as firms from BlackRock Inc. to State Street Corp. reported lackluster third-quarter results. Franklin Resources Inc., parent of Franklin Templeton Investments, joined those firms Thursday in reporting quarterly revenue that fell short of Wall Street’s expectations.
NEW YORK, Oct. 25, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
The Zacks Analyst Blog Highlights: Oracle, Netflix, Danaher, State Street and Rogers Communications
Index funds are many things. With its newest index funds, State Street Corp. (NYSE: STT) is hoping to upend that last notion. It’s teamed with Cambridge-based artificial intelligence firm Kensho Technologies to develop three products that track some of the most cutting-edge industries.
State Street Global Advisors, the asset management business of State Street Corporation (STT), today announced the expansion of its New Economy sector ETF lineup with the launch of the SPDR Kensho New Economies Composite ETF (KOMP), SPDR Kensho Clean Power ETF (XKCP) and SPDR Kensho Final Frontiers ETF (XKFF). The new ETFs, which track proprietary index methodologies developed by Kensho Technologies, an award-winning machine intelligence company, are designed to provide investors with cost efficient, diversified access to the potential growth of innovative companies widely considered to be driving the Fourth Industrial Revolution and ushering in the new economy.
The company’s overall fee revenue fell from the second quarter to third quarter, a factor in State Street’s stock price declining by more than 8 percent on Friday.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting STT. Over the last one-month, outflows of investor capital in ETFs holding STT totaled $3.58 billion.