STT - State Street Corporation

NYSE - NYSE Delayed Price. Currency in USD
59.90
+0.67 (+1.13%)
At close: 4:03PM EDT
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Previous Close59.23
Open59.44
Bid0.00 x 1300
Ask59.95 x 1800
Day's Range59.04 - 60.06
52 Week Range53.53 - 90.20
Volume3,203,321
Avg. Volume3,274,122
Market Cap22.317B
Beta (3Y Monthly)1.62
PE Ratio (TTM)10.85
EPS (TTM)5.52
Earnings DateOct 17, 2019 - Oct 21, 2019
Forward Dividend & Yield1.88 (3.17%)
Ex-Dividend Date2019-06-28
1y Target Est64.68
Trade prices are not sourced from all markets
  • Business Wire10 hours ago

    State Street Announces Recovery and Resolution Plan for 2019

    State Street Corporation today announced that it has filed its 2019 resolution plan.

  • Business Wire17 hours ago

    Charles River and MarketAxess Expand Collaboration for Trading Connectivity Across Global Credit Markets

    Charles River Development, a State Street Company, today announced an expansion of its collaboration with MarketAxess, a leader in e-trading for global fixed income. Under the expansion, global Charles River clients will be offered access to MarketAxess’ Auto-X™ and other new trading features for investment-grade credit, high-yield, emerging market debt and Eurobonds.

  • ETF Giants BlackRock and State Street Falter as Stocks Soar
    Investopedia2 days ago

    ETF Giants BlackRock and State Street Falter as Stocks Soar

    The two companies' weak profits despite explosive growth in assets are a bad omen for the industry.

  • Company News For Jul 22, 2019
    Zacks2 days ago

    Company News For Jul 22, 2019

    Companies in the news are: CHWY, BLK, ALV and STT

  • Investing.com3 days ago

    Weekly Outlook: July 22 - 26

    Investing.com - This week the European Central Bank’s policy meeting will be closely watched as investors wait to see what steps Mario Draghi may take to support the euro area economy.

  • Thomson Reuters StreetEvents4 days ago

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

    Q2 2019 State Street Corp Earnings Call

  • Struggling State Street aims to cut 800 more jobs
    American City Business Journals5 days ago

    Struggling State Street aims to cut 800 more jobs

    Following another weak quarter, State Street Corp. now plans to cut 2,300 jobs in Boston and other higher-cost locations this year, 800 more than it had previously targeted. The Boston-based company (NYSE: STT) announced Friday morning that its second-quarter revenue dropped by 6 percent year-over-year, to $2.87 billion. State Street’s profits fell by nearly a fifth, to $587 million.

  • State Street (STT) Q2 Earnings Beat, Revenues & Costs Down
    Zacks5 days ago

    State Street (STT) Q2 Earnings Beat, Revenues & Costs Down

    Lower expenses (driven by cost saving efforts) support State Street's (STT) Q2 earnings. However, decline in revenues act as a headwind.

  • State Street (STT) Beat on Q2 Earnings & Revenue Estimates
    Zacks5 days ago

    State Street (STT) Beat on Q2 Earnings & Revenue Estimates

    Decline in operating expenses support State Street's (STT) Q2 earnings.

  • Business Wire5 days ago

    State Street Reports Second-Quarter 2019 EPS of $1.42 Per Share; $1.45 Per Share Excluding Notable Items(a)

    EXPENSE SAVINGS PROGRAM TARGET INCREASED TO $400 MILLION, EXCEEDING INITIAL COST-SAVINGS GOAL FOR 2019; $175 MILLION OF SAVINGS ALREADY REALIZED YEAR-TO-DATE

  • Business Wire6 days ago

    State Street Corporation Declares Quarterly Dividends on its Non-Cumulative Perpetual Preferred Stock Series “C,” “D,” “E,” “F,” and “G”

    State Street Corporation today announced a quarterly cash dividend on each of the below outstanding series of non-cumulative perpetual preferred stock:

  • Tax proposal favoring homegrown businesses re-emerges on Beacon Hill
    American City Business Journals6 days ago

    Tax proposal favoring homegrown businesses re-emerges on Beacon Hill

    This week, a group of business and policy leaders decided that single sales factor will be one of the concepts they’ll focus on as they deliberate major changes to Massachusetts corporate taxes.

  • State Street Stock Flashes Bear Sign During Earnings Week
    Schaeffer's Investment Research7 days ago

    State Street Stock Flashes Bear Sign During Earnings Week

    The financial concern is slated to report earnings before the open this Friday

  • Rates, Muted Fee Income to Mar State Street (STT) Q2 Earnings
    Zacks7 days ago

    Rates, Muted Fee Income to Mar State Street (STT) Q2 Earnings

    Low rates, disappointing fee income performance and modest rise in expenses are likely to hamper State Street's (STT) Q2 earnings.

  • Business Wire7 days ago

    Charles River Forms Wealth Client Advisory Board as it Marks 10 Years as Wealth Platform Provider

    Charles River Development, a State Street Company, today announced the formation of a Client Advisory Board focused on wealth management. Members of the Board will serve to provide expert insight and advice on the development and enhancement of the Charles River Wealth Management Solution.

  • Investors Bet $6.2 Billion on S&P 500 ETFs as Major Bull Turns Bearish
    Investopedia7 days ago

    Investors Bet $6.2 Billion on S&P 500 ETFs as Major Bull Turns Bearish

    Surging inflows for the biggest S&P 500 ETFs show persistent bullish sentiment, but a leading strategist gets bearish.

  • Markit8 days ago

    See what the IHS Markit Score report has to say about State Street Corp.

    State Street Corp NYSE:STTView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for STT with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting STT. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding STT are favorable, with net inflows of $6.03 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Barrons.com9 days ago

    Deutsche Bank Is Quitting Stock Trading. Blame Computers and the European Union.

    Why keep research—historically given to clients who paid hefty commissions to trade stocks via the bank—and eliminate the brokerage business that had been a fountain of cash for decades? It is all part of a shift toward greater transparency in European financial markets, and declining costs for brokerage services in the face of technological change and regulatory pressure. The regulations, known as Mifid II—a revamped version of the Markets in Financial Instruments Directive—require fund managers to pay for stock research separately from trading commissions.

  • Analysts Estimate State Street (STT) to Report a Decline in Earnings: What to Look Out for
    Zacks12 days ago

    Analysts Estimate State Street (STT) to Report a Decline in Earnings: What to Look Out for

    State Street (STT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Business Wire13 days ago

    State Street Releases 2018 Corporate Responsibility Report

    State Street Corporation today announced the release of its annual Corporate Responsibility report for 2018, which highlights the company’s commitment to environmental, social and governance principals, responsible investing, diversity and inclusion and corporate citizenship.

  • Business Wire13 days ago

    Charles River IMS Wins Best Buy-Side Portfolio Management System at the Waters Rankings Awards 2019

    Charles River, a State Street Company and provider of the Charles River Investment Management Solution , has been recognized as the “Best Buy-Side Portfolio Management System” at this year’s Waters Rankings awards.

  • Dollar Pain and 1% Yields: How a Fed-Cut Cycle May Hit Markets
    Bloomberg13 days ago

    Dollar Pain and 1% Yields: How a Fed-Cut Cycle May Hit Markets

    (Bloomberg) -- Treasury two-year yields may slide to 1% by the end of 2020 as the Federal Reserve makes a succession of interest-rate cuts to support growth, Citigroup Inc. says. The dollar is set to slide in that scenario, according to Pacific Investment Management Co.“We’re at a point where we’re weighing whether the Fed will cut for insurance or if they’re entering a period of structural, cyclical downturn in interest rates -- I’m leaning more towards the latter,” said Shyam Devani, senior technical strategist at Citigroup in Singapore. “I wouldn’t be surprised if we see two-year yields dropping to 1% by the end of next year.”Citi is forecasting the Fed will lower its benchmark rate by 25 basis points this month and potentially cut another two times by year-end. “Inflation expectations remain low, we have a global slowdown in growth and commodity prices remain weak,” he said. “The Fed could cut well into next year.” Traders are pricing in close to three quarters of a percentage point of easing by year-end after Chairman Jerome Powell’s dovish testimony to Congress on Wednesday, when he cited slowing global expansion and trade tensions as threats to the U.S. economy. The Treasury two-year yield was one basis point lower on the at 1.82% in New York morning trading after sliding eight basis points on Wednesday.Pimco’s ViewWhether the dollar is poised for a prolonged decline depends on how the central bank positions its July move -- especially if it’s the beginning of a cycle, said Erin Browne, a managing director and portfolio manager at Pimco in Newport Beach, California.“What really matters is, is this an insurance cut or a sustained move lower?” she said in a Bloomberg Television interview on Wednesday. “If it’s a sustained move lower, I think the curve steepens fairly significantly from here and we could start to see the dollar really roll over.”The dollar would be particularly vulnerable against the euro and potentially the yen should the Fed embark on a series of rate cuts, Browne said. The Bloomberg Dollar Spot Index fell 0.3% on Thursday, extending its decline to 1.7% from this year’s high set in May.Powell’s remarks not only failed to push back against the rate cut that’s fully priced in for July, they boosted the rate-cut narrative, Andrew Hollenhorst, chief U.S. economist at Citigroup in New York, wrote in a research note.A 50 basis-point cut in July is a real possibility, though a 25 basis-point move is likely to be the compromise policy outcome, he said.Here’s what other market participants are saying:Dollar Catalyst (BNP Paribas)Powell’s testimony “is a good potential catalyst for a resumption of the USD weakness we saw last month,” analysts including Shahid Ladha saidFlatter Curve (DBS Bank)Treasury yield curve may flatten ahead of Fed’s July meeting as markets are already more than fully priced for an “insurance” rate cut. “I’m biased toward some flattening” in the 2-10 year part of the U.S. yield curve, said Eugene Leow, rates strategist in SingaporeGreenback Winner (State Street)The dollar could climb even after the Fed cuts as investors may start to cover underweight positions. “All the roads point to one result: that the dollar could possibly be the sole winner,” said Bart Wakabayashi, branch manager in TokyoAvoiding Panic (Commerzbank)“A 50bps cut would smack a bit too much of panic,” said Bernd Weidensteiner, economist in Frankfurt. “After the release of a rather strong employment report on Friday, a large step is unlikely”Dollar Gain (RBC Capital Markets)“The dollar would remain as G-10’s highest yielder and that should lend support to dollar in a low vol/carry-obsessed world,” said Daria Parkhomenko, FX strategist in New York(Updates prices, chart.)\--With assistance from Chikafumi Hodo, Masaki Kondo and Katherine Greifeld.To contact the reporters on this story: Ruth Carson in Singapore at rliew6@bloomberg.net;Chester Yung in Singapore at kyung33@bloomberg.netTo contact the editors responsible for this story: Tan Hwee Ann at hatan@bloomberg.net, Nicholas ReynoldsFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Business Wire14 days ago

    Charles River Development Global Client Conference to Feature Prominent Speaker Line-up

    Charles River Development, a State Street Company, today announced that the Charles River Global Client Conference 2019 will be held on Monday, September 23rd through Thursday, September 26th at the Boston Park Plaza Hotel. The conference, which will give clients ideas and insights for new and improved ways to leverage the Charles River Investment Management Solution, will house more than 50+ cross-disciplinary sessions, and offer one-on-one consultation in the demo center and a showcase of technology partners. Lee Ferridge, head of Macro Strategy for the Americas at State Street Global Markets, will provide an update on the global macro-economic environment and its impact on the investing climate.

  • Business Wire16 days ago

    State Street Appoints Head of its Business in UK, Europe, Middle East and Africa

    State Street Corporation (STT) today announced that it has appointed Jörg Ambrosius as head of its UK, Europe, Middle East and Africa (EMEA) business. Ambrosius, an 18-year State Street veteran will report to Francisco Aristeguieta, the newly appointed head of State Street’s international business. Ambrosius will succeed Liz Nolan who was named head of State Street’s Global Delivery team, managing global operations and infrastructure, earlier this year.

  • ETF Trends19 days ago

    SPDR Changes Some Names, Tickers on 6 Kensho ETFs

    State Street Corp. (NYSE: STT), the third-largest U.S. issuer of exchange traded funds, said it has changed names and tickers for six of its ETFs backed by Kensho indexes. The changes went into effect ...