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State Street Corp (STT.N)

STT.N on New York Stock Exchange

79.40USD
28 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Dst to acquire remaining interest in Joint Ventures, BFDS and IFDS U.K., from State Street
Monday, 27 Mar 2017 09:56am EDT 

State Street Corp : DST to acquire remaining interest in joint ventures, BFDS and IFDS U.K., from State Street . Expects consolidated IFDS U.K. Businesses to contribute about $440 million of incremental annual operating revenues upon acquisition . In U.K., DST'S unit will acquire ownership interest in IFDS U.K; acquisition will be funded through cash on hand, DST's existing debt facilities . Expects $20 million of operating income before synergies, restructuring costs and amortization of intangibles over next twelve months .Expects IFDS U.K. Deal accretive to diluted eps by $0.18-$0.22 in next 12 months before synergies, restructuring costs, amortization of intangibles.  Full Article

State Street sets quarterly cash dividend of $0.38per share
Thursday, 16 Feb 2017 04:16pm EST 

State Street Corp :Sets quarterly cash dividend of $0.38per share.  Full Article

State Street Corp reports a 8.51 pct passive stake in Leggett & Platt Inc as of Dec 31 - SEC filing
Tuesday, 7 Feb 2017 08:01am EST 

Leggett & Platt Inc :State Street Corporation reports a 8.51 percent passive stake in Leggett & Platt Inc as of Dec 31, 2016 - SEC filing.  Full Article

State Street Corp reports 5.03 pct passive stake in Halliburton as of Dec. 31 - SEC filing
Tuesday, 7 Feb 2017 07:59am EST 

Halliburton Co :State Street Corporation reports 5.03 percent passive stake in halliburton co as of dec. 31, 2016 - SEC filing.  Full Article

JPMorgan to become custodian for $1 tln in BlackRock assets - WSJ, citing a source
Wednesday, 25 Jan 2017 08:10am EST 

: JPM will spend about two years adding BlackRock custodial assets to its existing $20.5 trillion platform - WSJ, citing a source . JPM struck a deal to be custodian for more than $1 trillion of BlackRock Inc.’s assets, poaching the business from State Street Corp - WSJ, citing a source Source : (http://on.wsj.com/2ksMNhV) ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

State Street Q4 earnings per share $1.48
Wednesday, 25 Jan 2017 07:15am EST 

State Street Corp : State Street Corp says on an operating-basis, fourth-quarter 2016 EPS was $1.48 . State street reports fourth-quarter 2016 gaap- basis EPS of $1.43 and roe of 12.1%, on revenue of $2.5 billion; full-year 2016 gaap- basis EPS of $4.97 and roe of 10.5%, on revenue of $10.2 billion . State Street Corp - assets under management at q4 2016 end $2,468 billion versus. $2,446 billion at q3 2016 end . State Street Corp - Q4 total trading services revenue on an operating basis $293 million million versus. $247 million last year . State Street Corp -qtrly total revenue on operating basis $2,749 million versus. $2,588 million . State Street Corp -qtrly total expenses on operating basis $2,143 million versus. $1,820 million . State Street Corp - Q4 total fee revenue on an operating basis $2,200 million versus. $2,075 million last year . State Street Corp - Basel iii tier 1 capital ratio based on advanced approach as of Dec 31,2016 14.8 percent versus.15.5 percent as of Sept 30, 2016 . State Street -in asset management business, experienced q4 net inflows of $16 billion and net outflows of $42 billion during full-year 2016 . State Street Corp says ETFS experienced $36 billion and $52 billion of net inflows during fourth-quarter and full-year 2016, respectively . State street -compared to Q3 2016, q4 of 2015, strengthening of u.s. Dollar reduced fee revenue outside of u.s. In q4 2016 by about $21 million and $27 million, respectively.  Full Article

State Street Corp declares quarterly dividend on its common stock
Thursday, 15 Dec 2016 04:30pm EST 

State Street Corp :State Street Corp - Announced a quarterly cash dividend of $0.38 per share of common stock, payable on January 18, 2017.  Full Article

State Street to appoint Eric Aboaf as CFO
Wednesday, 28 Sep 2016 09:00am EDT 

State Street Corp : State Street to appoint Eric Aboaf as chief financial officer .Says Aboaf, age 52, will succeed Mike Bell as chief financial officer in March 2017.  Full Article

State Street Corp reports Q2 GAAP EPS of $1.47
Wednesday, 27 Jul 2016 07:00am EDT 

State Street Corp : Q2 total revenue on operating basis $2,675 million versus. $2,727 million last year . Reports second-quarter 2016 GAAP-basis EPS of $1.47 on lower expenses compared to the second quarter of 2015 . Qtrly operating-basis EPS was $1.46 . Q2 GAAP earnings per share $1.47 . Q2 earnings per share view $1.26 -- Thomson Reuters I/B/E/S . Q2 total expenses on operating basis $1,828 million versus. $1,881 million last year . Says assets under management $2,301 billion at quarter-end versus $2,296 billion at Q1 end . Q2 GAAP total revenue of $2.57 billion versus $2.61 billion last year . Q2 non-GAAP earnings per share $1.46 . Qtrly total trading services revenue on an operating basis $267 million versus $281 million last year . Q2 total fee revenue on operating basis $2,130 million versus. $2,174 million last year . Basel III tier 1 capital ratio advanced approach as of June 30, 2016 15.0% . Qtrly net interest margin, fully taxable equivalent basis 1.14% versus 1.15% in Q1 .Q2 revenue view $2.65 billion -- Thomson Reuters I/B/E/S.  Full Article

SEC says State Street misled custody clients about prices for foreign exchange trades
Tuesday, 26 Jul 2016 06:41pm EDT 

Securities and Exchange Commission: State Street Bank and Trust Company to pay $382.4 million in global settlement for "misleading mutual funds and other custody clients" .State Street "misled custody clients about how it priced their trades", tucked hidden markups "into a corner where they were unlikely to notice".  Full Article

More From Around the Web

BRIEF-Dst to acquire remaining interest in Joint Ventures, BFDS and IFDS U.K., from State Street

* DST to acquire remaining interest in joint ventures, BFDS and IFDS U.K., from State Street