STT - State Street Corporation

NYSE - NYSE Delayed Price. Currency in USD
66.05
+0.65 (+0.99%)
At close: 4:04PM EDT
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Previous Close65.40
Open65.39
Bid65.03 x 900
Ask66.00 x 800
Day's Range63.76 - 66.70
52 Week Range48.62 - 77.00
Volume2,223,284
Avg. Volume2,756,960
Market Cap24.017B
Beta (3Y Monthly)1.58
PE Ratio (TTM)13.03
EPS (TTM)5.07
Earnings DateJan 16, 2020 - Jan 20, 2020
Forward Dividend & Yield2.08 (3.18%)
Ex-Dividend Date2019-06-28
1y Target Est66.92
Trade prices are not sourced from all markets
  • Thomson Reuters StreetEvents

    Edited Transcript of STT earnings conference call or presentation 18-Oct-19 2:00pm GMT

    Q3 2019 State Street Corp Earnings Call

  • Fifth Third (FITB) Q3 Earnings Top Estimates, Revenues Rise
    Zacks

    Fifth Third (FITB) Q3 Earnings Top Estimates, Revenues Rise

    Fifth Third Bancorp's (FITB) third-quarter 2019 results reflect solid fee income growth, partially offset by higher expenses and provisions.

  • Business Wire

    State Street Bank and Trust Company Launches Cash Tender Offer For Any and All of State Street Corporation’s Floating Rate Junior Subordinated Debentures Due 2047

    State Street Corporation (“State Street”) (STT) today announced the commencement of a cash tender offer (the “Tender Offer”) by its principal banking subsidiary, State Street Bank and Trust Company (the “Bank”) for any and all of the outstanding Floating Rate Junior Subordinated Debentures due 2047 listed in the table below (the “2047 Debentures”), which were issued by State Street. The table below summarizes certain information regarding the 2047 Debentures and the Tender Offer, including the Tender Offer Consideration and Early Tender Payment (each as defined below).

  • Financial Times

    US business schools realise ESG is no fad but part of long-term trend

    The University of Chicago has long been considered the epitome of free-market thought. No wonder: this was the intellectual home of economists such as Eugene Fama and Milton Friedman, who championed the pursuit of profit and the doctrine of shareholder primacy which has driven corporate America for nearly half a century. “In a free-enterprise, private-property system, a corporate executive is an employee of the owners of the business, ” Friedman wrote in a highly influential 1970 essay.

  • Financial Titans Fear Central Bank Powers Near Limit: IMF Update
    Bloomberg

    Financial Titans Fear Central Bank Powers Near Limit: IMF Update

    (Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes.Financial industry chiefs are worrying about how much help central banks can offer if governments don’t step up with more help by unleashing more fiscal support, and that tweaking monetary policy isn’t enough anymore to stimulate economic growth as the benefits of lower rates have run out.“They’re in a very difficult corner at the moment,” UBS Group AG Chairman Axel Weber said at a conference hosted by the Institute of International Finance in Washington. “Central banks are running out of the efficiency of their tools. Taking interest rates negative will not have the same impact” as lowering the old interest-rates lever.Weber added that the acceptance of policy makers using their monetary tools is more challenged in the absence of fiscal policy coming in. “Central banks have maneuvered themselves into a difficult corner,” he said.State Street Corp. Chief Executive Officer Ron O’Hanley took the same thought a step further, saying that monetary policy “just doesn’t work anymore on its own.”Brian Porter, CEO of Scotiabank, said he’s concerned that many central bank policies, such as those that have led to trillions in negative-yielding debt, may have unintended consequences that haven’t been thought through because of a “hunger for yield.”Former Fed, Treasury Officials Flag Flaws in MMT (1:30 p.m.)Former Federal Reserve and U.S. Treasury officials endorsed the need for fiscal policy to reduce the burden on central banks -- but not with the type of government spending advocated by Modern Monetary Theory.Stanley Fischer, former Fed vice chairman, said there’s a “kernel of truth” with MMT. However, the fundamental flaw is that printing more money while keeping inflation under control is a situation that can’t last forever.“The coordination of fiscal and monetary policy is fine but MMT takes it way too far,” said Bill Dudley, the former New York Fed president now at Princeton University.Stanford University Professor John Taylor, a monetary-policy scholar and former senior Treasury official, was more withering. He described MMT as neither modern nor monetary.The former officials appeared together Saturday during a panel discussion at the IIF gathering.Financial Titans Say Uncertainty Souring the Mood (10:36 a.m.)Consumers are in good shape but manufacturers are not. Central banks are exhausted. Governments need to step up. Markets are being whipsawed by unprecedented noise.That’s a sample of the mood among financial chief executives during a panel discussion at meetings of the IIF meeting in Washington.A central theme was that strong consumer spending and rising wages are being offset by wrenching uncertainty for factories due to the world’s tilt toward protectionism. That may mean governments will have to coordinate a fiscal stimulus to head off a deeper downturn.Good news in some pockets, such as consumption, and a never-ending flow of negative signals elsewhere is proving too much for investors to handle, said Philipp Rickenbacher, CEO of Julius Baer Group Ltd. “At this stage there is just too much noise,” he said.The finance chiefs met on the sidelines of the International Monetary Fund meetings where the mood among officials has been similar. The IMF lowered its global growth projections this week and now expects the slowest expansion in a decade. The finance chiefs didn’t disagree.“Our clients are preparing for rougher times ahead,” said Olaug Svarva, board chair of DNB.IMF Delays Decision on Giving China Bigger VoiceThe IMF said Friday that it delayed until as late as 2023 possible changes that would give China a greater say in the crisis lender’s governance.The fund’s top committee of finance ministers and central bankers also said it would consider a doubling of the IMF’s crisis-era credit line, known as the New Arrangements to Borrow. That facility was cut by half in 2016.U.S. Treasury Secretary Steven Mnuchin said in a statement Friday that the nation -- which holds the largest voting share in the fund -- welcomes the “work under way to reach agreement on a broad package of IMF resources,” including the quota review and proposed doubling of the New Arrangements to Borrow.In 2015, U.S. lawmakers approved the last round of changes that allowed China to become the third-largest voter in the IMF, up from sixth. India and Brazil also moved higher. A new round of changes could give China an even greater say because the shares are supposed to reflect the size of a country’s economy.To contact the reporters on this story: Michelle F. Davis in Washington at mdavis194@bloomberg.net;Enda Curran in Washington at ecurran8@bloomberg.netTo contact the editors responsible for this story: Margaret Collins at mcollins45@bloomberg.net, Sarah McGregor, Scott LanmanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • State Street's (STT) Q3 Earnings Beat, Revenues Down Y/Y
    Zacks

    State Street's (STT) Q3 Earnings Beat, Revenues Down Y/Y

    State Street's (STT) Q3 earnings reflect successful implementation of cost saving measures and rise in assets balance, while lower revenues pose a concern.

  • State Street (STT) Beat on Q3 Earnings & Revenue Estimates
    Zacks

    State Street (STT) Beat on Q3 Earnings & Revenue Estimates

    Cost savings and improving assets balance support State Street's (STT) Q3 earnings.

  • Currency Traders Prep for Sunday All-Nighter Post-Brexit Vote
    Bloomberg

    Currency Traders Prep for Sunday All-Nighter Post-Brexit Vote

    (Bloomberg) -- It will be a long Sunday night for currency traders at Barclays Plc.The bank will have traders and salespeople at their desks in London and New York, starting at about 7 p.m. British time, as the global foreign-exchange market begins trading in New Zealand, according to a Barclays spokeswoman.On Saturday, Oct. 20, Prime Minister Boris Johnson will either win or lose a vote in the House of Commons on the Brexit deal he reached with the European Union -- and most likely, as a result of that vote, the pound will be on the move at the earliest possible moment, just as it was in the wild night of trading that followed referendum day in 2016.Barclays traders aren’t alone in girding for a frenetic burst of activity as the Brexit deadline looms. The Bank of England’s foreign exchange desk will be manned on Sunday night to watch for signs of strain. State Street Corp. and Mizuho Bank Ltd. have instructed sales and trading staff to take no leave until November. None other than Mark Carney is predicting there will be action in the market. “This process is going to break one way or the other, and the pound is going to move either up or down,” the BOE governor said on Oct. 15. “There’s great investment advice,” he quipped.Johnson is battling to sell his deal to skeptical British parliamentarians who repeatedly kiboshed the previous withdrawal agreement reached by his predecessor, Theresa May. Since Oct. 9, optimism that Britain would avoid a no-deal Brexit on the Oct. 31 deadline has sent sterling surging from $1.22 to about $1.29.If Johnson fails to convince enough lawmakers from his Conservative party and the opposition, he will face the choice of seeking to delay Brexit again or trying to take the country out of the bloc without a deal.Barclays didn’t specify how many staff will be involved in its Sunday plans. While the bank has traders based in Asia-Pacific time zones, it wants more hands on deck given the prospect of unusual volatility. With much of the usual pound-trading market asleep, liquidity could be low, and the risk of so-called flash moves is elevated.Barclays research, sales and trading staff will also host a call on Sunday afternoon for clients, the spokeswoman said.To contact the reporter on this story: Stefania Spezzati in London at sspezzati@bloomberg.netTo contact the editors responsible for this story: Ambereen Choudhury at achoudhury@bloomberg.net, Keith Campbell, Marion DakersFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • ACCESSWIRE

    State Street Corp. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / October 18, 2019 / State Street Corp. (NYSE: STT ) will be discussing their earnings results in their 2019 Third Quarter Earnings to be held on October 18, 2019 at 10:00 AM ...

  • Business Wire

    State Street Reports Third-quarter 2019 EPS of $1.42 Per Share; $1.51 Per Share Excluding Notable Items(a)

    EXPENSE SAVINGS PROGRAM EXPECTED TO ACHIEVE $400 MILLION TARGET IN 2019 WITH $275 MILLION OF SAVINGS REALIZED YEAR-TO-DATE

  • Investing.com

    Stocks - Wall Street Flat as Global Growth Worries Outweigh Upbeat Earnings

    Investing.com – Wall Street opened flat on Friday, as upbeat earnings were offset by concerns about slowing global growth.

  • Investing.com

    Stocks - U.S. Futures Flat as China Growth Slows; Coca Cola Earnings as Expected

    Investing.com - U.S. futures were tepid on Friday after China posted its weakest growth in nearly three decades, increasing concerns about the impact of its trade dispute with the U.S.

  • Coca-Cola earnings — What to know in markets Friday
    Yahoo Finance

    Coca-Cola earnings — What to know in markets Friday

    Beverage giant Coca-Cola will report quarterly results Friday.

  • Bank Stocks' Q3 Earnings to Watch on Oct 18: CFG, STT & More
    Zacks

    Bank Stocks' Q3 Earnings to Watch on Oct 18: CFG, STT & More

    Earnings of banks are expected to have been decent in the third quarter amid a tough operating backdrop.

  • Benzinga

    Citigroup Appoints New Head Of Asia Pacific Business

    American multinational financial services corporation Citigroup Inc. (NYSE: C) has appointed Peter Babej as the new chief executive officer of its Asia Pacific region, a memo sent to staff by Citi global CEO Mike Corbat shows. Babej previously served as the bank’s global head of financial institutions group.

  • Business Wire

    Charles River Awarded Best Fixed Income EMS/OMS Provider

    Charles River Development, a State Street Company, today announced that the Charles River Investment Management Solution was awarded “Best EMS/OMS Provider – Fixed Income” by Fund Intelligence Operations and Services Awards 2019.

  • Low Rates, Muted Lending to Mar State Street (STT) Q3 Earnings
    Zacks

    Low Rates, Muted Lending to Mar State Street (STT) Q3 Earnings

    Decline in interest rates and soft loan growth are expected to have hurt State Street's (STT) interest income in the third quarter of 2019.

  • Trade war pause, retail sales, bank earnings – What to know in the week ahead
    Yahoo Finance

    Trade war pause, retail sales, bank earnings – What to know in the week ahead

    The coming week’s docket of economic reports and earnings releases comes just following the Trump administration’s announcement of a partial trade deal with China late last week.

  • Is State Street Corporation (STT) Going to Burn These Hedge Funds?
    Insider Monkey

    Is State Street Corporation (STT) Going to Burn These Hedge Funds?

    Is State Street Corporation (NYSE:STT) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock picks […]

  • Business Wire

    State Street Launches Direct Access Lending, a Managed Peer-to-Peer Securities Finance Product

    State Street Corporation today announced the launch of Direct Access Lending, a securities finance product that enables direct, principal loans between its lending clients and its borrowing clients.

  • Business Wire

    State Street Global Advisors Announces Impact of Receiving Payment

    State Street Global Advisors, the asset management business of State Street Corporation , today announced that the SPDR® Exchange Traded Fund listed in the table below received a payment as an authorized claimant from a class action settlement related to Juno Therapeutics, Inc.* securities litigation.

  • Invesco Slashes 1,300 Jobs to Achieve Cost Savings Target
    Zacks

    Invesco Slashes 1,300 Jobs to Achieve Cost Savings Target

    Job cuts are part of Invesco's (IVZ) strategy to sustain profitability amid changing investor preference and lower interest rates.

  • Market Exclusive

    Market Morning: Lam Threatens Hong Kong, Brexit Breakdown

    Carrie Lam Threatens Hong Kong With Chinese Military Invasion Uh oh. The mask ban didn’t work in Hong Kong and now Carrie Lam, Chief Executive, is telling Hong Kongers that she has a nuclear button. She will not rule out asking China to come in and take care of business. The ball is now in […]The post Market Morning: Lam Threatens Hong Kong, Brexit Breakdown appeared first on Market Exclusive.