News: State Street Corp (STT)

STT on New York Consolidated

71.88USD
24 Oct 2014
Price Change (% chg)

$2.94 (+4.26%)
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Fri, Oct 24 2014

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Higher fees drive State Street third-quarter earnings beat; shares jump

BOSTON - State Street Corp's said on Friday that third-quarter profit beat Wall Street expectations as fees rose, sending its shares up nearly 4 percent.

Higher fees drive State Street 3rd-qtr earnings beat; shares jump

BOSTON, Oct 24 - State Street Corp's said on Friday that third-quarter profit beat Wall Street expectations as fees rose, sending its shares up nearly 4 percent.

Fitch: Challenging Environment Persists for State Street

(The following statement was released by the rating agency) CHICAGO, October 24 (Fitch) State Street Corporation's (STT) third quarter 2014 (3Q'14) earnings were, on balance, more of the same, according to Fitch Ratings. Overall expense growth modestly outpaced revenue growth despite some continued growth in servicing and management fees as well as a pick-up in foreign exchange trading. These results equated to a return on average equity (ROE) of 10.6% in 3Q'14 compared to 11.9% in the sequ

Goldman Sachs files for active ETFs, joins Wall Street bank trend

NEW YORK - Goldman Sachs Group Inc has laid the groundwork to launch actively managed exchange-traded funds, becoming the latest Wall Street bank to set its sights on the fast-growing market.

Goldman Sachs files for active ETFs, joins Wall Street bank trend

NEW YORK, Sept 22 - Goldman Sachs Group Inc has laid the groundwork to launch actively managed exchange-traded funds, becoming the latest Wall Street bank to set its sights on the fast-growing market.

Banks, funds agree on wider window for FX fix

WARSAW/LONDON - Banks and asset managers are ready to support an extension of the one-minute window used to set currency market benchmarks, documents showed on Wednesday, but most are concerned by the risks involved and divided on how much of an extension.

Fitch Affirms All Ratings for Bank of New York, Northern, & Brown Brothers; Upgrades State Street

(The following statement was released by the rating agency) CHICAGO, August 14 (Fitch) Fitch Ratings has affirmed the ratings for Bank of New York Mellon Corporation (BONY) at 'AA-', Northern Trust Corporation (Northern) at 'AA-', and Brown Brothers Harriman (BBH) at 'A+'. The Rating Outlook for BONY, Northern, and Brown Brothers remains Stable. In addition, Fitch has upgraded the ratings for State Street Corporation (State Street) to 'AA-' from 'A+', and revised the Rating Outlook to Stab

Funds ready to pay toward reform of FX-fixing system

LONDON - Asset managers will agree to pay more for currency "fixing" services when they respond later this month to proposals by global regulators for reforms of foreign exchange benchmarks, industry sources said on Friday.

Funds ready to pay towards reform of FX-fixing system

* Response to FSB paper next week should speed work on reform

MOVES-State Street names new head for EMEA strategic market initiatives

Aug 4 - State Street Corp appointed Oliver Berger as senior vice president, head of strategic market initiatives for Europe, the Middle East and Africa (EMEA) within its sector solutions team.

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