STT-PD - State Street Corporation
| Previous Close | 24.71 |
| Open | 24.71 |
| Bid | 24.25 x 1100 |
| Ask | 24.56 x 1000 |
| Day's Range | 24.45 - 24.68 |
| 52 Week Range | 22.45 - 26.42 |
| Volume | |
| Avg. Volume | 235,841 |
| Market Cap | 18.727B |
| Beta (5Y Monthly) | 1.58 |
| PE Ratio (TTM) | 3.32 |
| EPS (TTM) | 7.38 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 1.47 (5.98%) |
| Ex-Dividend Date | May 30, 2023 |
| 1y Target Est | N/A |
Business WireState Street to Participate in Morgan Stanley’s US Financials Conference
BOSTON, May 25, 2023--State Street Corporation (NYSE: STT) announced today that Vice Chairman & Chief Financial Officer, Eric Aboaf, will participate in Morgan Stanley’s US Financials Conference in New York on Monday, June 12, 2022, at 1:00 pm ET.
Business WireState Street Global Advisors to Extend Proxy Voting Choice to ETFs and Mutual Funds
BOSTON, May 22, 2023--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced it will offer more investors, including those owning its US ETFs and US mutual funds, the power to choose a voting policy that directs the proxy votes of shares owned in the index equity funds in which they are invested.
- Reuters
State Street to offer proxy voting choices to retail investors
State Street Corp will offer retail fund investors proxy voting choices, the firm said on Monday, moving ahead of rivals with a strategy that could blunt criticism of index funds' environmental, social and governance (ESG) policies. By the end of 2024, the firm's asset-management arm, State Street Global Advisors, aims to allow investors in $1.5 trillion worth of its index equity assets to influence how their proxy votes will be cast at corporate annual meetings. Investors in products including exchange-traded funds will chose among various voting policies offered by Institutional Shareholder Services.
Business WireState Street Partners with Diverse Firms to Underwrite $2 Billion of Senior Unsecured Debt
BOSTON, May 18, 2023--State Street Corporation (NYSE: STT) announced today that it has issued an aggregate principal amount of $2 billion of senior unsecured debt. The offering, which closed today, was structured in keeping with State Street’s ongoing inclusion, diversity and equity efforts, with Samuel A. Ramirez & Company, Inc. acting as a joint book-running manager, and CAVU Securities, LLC, Independence Point Securities LLC, and Siebert Williams Shank & Co., LLC, each acting as co-managers.
Business WireState Street Corporation Declares Second-Quarter Dividend on its Common Stock
BOSTON, May 17, 2023--State Street Corporation (NYSE: STT) today announced a quarterly cash dividend of $0.63 per share of common stock, payable on July 13, 2023 to common shareholders of record at the close of business on July 3, 2023.
Business WireState Street Corporation Declares Dividends on Its Non-Cumulative Perpetual Preferred Stock Series "D", "F", "G" and "H"
BOSTON, May 17, 2023--State Street Corporation (NYSE:STT) today announced a cash dividend on each of the below outstanding series of non-cumulative perpetual preferred stock:
ZacksState Street Corporation (STT) Down 11% Since Last Earnings Report: Can It Rebound?
State Street Corporation (STT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
BloombergRegional Banks May Emerge as a Winner in Debt Showdown, State Street Says
(Bloomberg) -- Trillions of dollars stowed away in short-term US Treasuries are looking anything but safe as the debt ceiling deadline edges closer. That’s prompted an ETF giant to warn that one of the year’s hottest haven trades could be about to unwind — and throw beleaguered regional banks a lifeline.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryRemote Work Comes With Daytime Drug and Drinking H
ZacksState Street (STT) Hurt by Rising Expenses, High Rates to Aid
Persistently increasing expenses and substantial exposure to fee income are major near-term headwinds for State Street (STT). Yet, higher rates, acquisitions and global reach will offer some support.
Business WireState Street Announces Global Custody Mandate with Bladex
BOSTON, May 10, 2023--State Street Corporation (NYSE:STT) today announced that it has been appointed to provide custody services for Bladex, a Panama-based multinational bank established by the central banks of 23 Latin-American and Caribbean countries to promote foreign trade and economic integration in the region.
Business WireState Street Launches Global Carbon Asset Servicing Solution
BOSTON, May 08, 2023--State Street Corporation (NYSE: STT) announced today the introduction of the State Street Carbon Asset Servicing Solution and depositary services that allows asset managers, asset owners and other financial services institutions globally the ability to integrate carbon-related assets into their portfolios as the demand for the asset class continues to grow.
Business WireState Street Announces First-of-Their-Kind Indicators Measuring Institutional Investor Flow, Holdings and Carbon Exposure Derived from Its Leading Position as Servicer to Trillions in Assets
BOSTON, May 02, 2023--State Street Corporation (NYSE: STT) today announced the launch of three publicly available data-driven indicators that will provide unprecedented insight into the aggregate portfolio allocation trends of some of the world’s largest institutional investors. The Institutional Investor Holdings Indicator, Institutional Investor Risk Appetite Indicator and the State Street S&P Global Institutional Investor Carbon Indicator, powered by S&P Global Sustainble1, will draw on the a
Business WireState Street to Participate in Autonomous Bernstein’s 39th Annual Strategic Decisions Conference
BOSTON, April 27, 2023--State Street Corporation (NYSE: STT) announced today that its Chairman & CEO, Ron O’Hanley, and Vice Chairman & Chief Financial Officer, Eric Aboaf, will participate in Autonomous Bernstein’s 39th Annual Strategic Decisions Conference in New York on Wednesday, May 31, 2023 at 9:00 am ET.
- Thomson Reuters StreetEvents
Q1 2023 State Street Corp Earnings Call
Q1 2023 State Street Corp Earnings Call
Yahoo Finance VideoBanking crisis 'woke the sleeping bear' as customer deposits remain in focus: Analyst
Raymond James Managing Director of Equity Research Michael Rose joins Yahoo Finance Live to discuss the banking crisis, bank earnings, and what's next for regional banks.
- Reuters
US STOCKS-Wall St ends higher; investors await earnings, Fed cues
Major U.S. stock indexes posted modest gains on Monday, helped by financial and industrial shares, while investors braced for a heavy week of corporate results and comments from Federal Reserve officials that could give more insight into the path of interest rates. Markets are gauging the health of corporate profits and the economy after several banks kicked off first-quarter reports with strong results last week.
- Reuters
US STOCKS-Wall St edges up; investors await earnings, Fed cues
Major U.S. stock indexes ended with slim gains on Monday, helped by financial and industrial shares while investors braced for a heavy week of corporate results and comments from Federal Reserve officials that could give more insight into the path of interest rates. Markets are gauging the health of corporate profits and the economy after several banks kicked off first-quarter reports with strong results last week. Meanwhile, the New York Fed said on Monday its barometer of manufacturing activity in New York State increased for the first time in five months in April, helping solidify the case for the U.S. central bank to raise rates at its meeting next month.
- Reuters
US STOCKS-Wall St slips as investors await earnings, Fed cues
Meanwhile, the New York Fed said on Monday its barometer of manufacturing activity in New York State increased for the first time in five months in April, helping solidify the case for the U.S. central bank to raise rates at its meeting next month. "We have a lot of corporate earnings ahead of us and the Fed rate decision in a couple of weeks."
- Reuters
WRAPUP 3-US financial institutions hit by deposit flight as clients seek higher returns
Deposits at three financial institutions fell in the first quarter as the industry's biggest crisis in more than a decade prompted a flight of funds, with customers seeking better returns elsewhere. Deposits at custodian bank State Street Corp and regional bank M&T Bank Corp fell 3% each, while those at Charles Schwab Corp shrank 11% from the prior quarter. State Street's stock plunged 9.2% to close at $72.68 on Monday, dragging down peers Northern Trust Corp and Bank of New York Mellon Corp, while shares of brokerage and financial advisory firm Schwab closed 3.9% higher and M&T Bank shares were up nearly 8%.
- Reuters
US STOCKS-Wall St slips as Fed seen hiking rates in May; State Street sinks
U.S. stocks slipped on Monday after strong data on manufacturing activity in New York state supported the case for another interest rate increase in May, while investors awaited more quarterly reports to gauge the health of corporate America. State Street Corp's shares sank 11.9% after the custodian bank's first-quarter profit missed estimates, hurt by a fall in fee income due to the recent U.S. banking crisis. Peers Northern Trust Corp and Bank of New York Mellon Corp shed 4.8% and 6.9%, respectively.
ZacksThis is Why State Street Corporation (STT) is a Great Dividend Stock
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does State Street Corporation (STT) have what it takes? Let's find out.
Motley FoolWhy Shares of State Street Are Plunging Today
Shares of large custodian bank State Street (NYSE: STT) traded more than 13% lower as of 10:29 a.m. ET today. State Street reported diluted earnings per share of $1.52 on total revenue of roughly $3.1 billion. The main culprit behind the miss was a drop in fee revenue, which fell 1% in the quarter and was down 9% year over year.
- Baystreet
Stocks Gain Marginally
Canada's main stock index was muted at market open on Monday as losses in energy stocks were offset ...
Motley FoolBank Stocks Are Still Under Pressure -- Here's the Latest
With the massive rise in interest rates over the past year putting pressure on bank balance sheets, shares of some sizable financial companies have suffered. Indeed, downward moves from State Street (NYSE: STT) and Charles Schwab (NYSE: SCHW) Monday morning show that there are still a host of concerns facing bank-stock investors right now. Shares of State Street were down 11% in early trading Monday morning.
- Reuters
US STOCKS-Wall St muted as investors focus on earnings, Fed cues
Wall Street's main indexes were little changed on Monday as investors awaited more bank earnings and views from Federal Reserve policymakers that could provide cues on when the central bank will pause its monetary tightening. Wall Street closed lower on Friday after mixed economic data appeared to affirm another Fed rate hike in May, dampening investor enthusiasm after a series of big U.S. bank earnings launched the first-quarter reporting season. Other major U.S. banks including Goldman Sachs Group Inc , Bank of America Corp and Morgan Stanley will report through the week.