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State Street Corp (STT.N)

STT.N on New York Stock Exchange

69.96USD
18 Apr 2019
Change (% chg)

$0.33 (+0.47%)
Prev Close
$69.63
Open
$69.51
Day's High
$70.35
Day's Low
$69.21
Volume
532,746
Avg. Vol
700,639
52-wk High
$104.33
52-wk Low
$57.87

Latest Key Developments (Source: Significant Developments)

State Street Says Appointed Francisco Aristeguieta To Chief Executive Officer For Its International Business
Sunday, 14 Apr 2019 

April 14 (Reuters) - State Street Corp ::APPOINTED FRANCISCO ARISTEGUIETA TO CHIEF EXECUTIVE OFFICER FOR ITS INTERNATIONAL BUSINESS.  Full Article

State Street Corp says Joseph Hooley, CEO's 2018 Total Compensation Was $13.1 Million
Friday, 5 Apr 2019 

April 5 (Reuters) - State Street Corp ::STATE STREET CORP - JOSEPH HOOLEY, CEO'S 2018 TOTAL COMPENSATION WAS $13.1 MILLION VERSUS ABOUT $16 MILLION IN 2017 - SEC FILING.STATE STREET CORP - ERIC ABOAF, CFO'S 2018 TOTAL COMPENSATION WAS $7.4 MILLION VERSUS $6.1 MILLION IN 2017 - SEC FILING.STATE STREET CORP - RONALD O’HANLEY, COO'S 2018 TOTAL COMPENSATION WAS $8.3 MILLION VERSUS $10.2 MILLION IN 2017 - SEC FILING.STATE STREET - FOR 2018, ANNUAL TOTAL COMPENSATION OF CEO TO MEDIAN OF ANNUAL TOTAL COMPENSATION OF ALL OTHER EMPLOYEES IS ESTIMATED TO BE 235 TO 1.  Full Article

State Street Reports Q4 2018 EPS Of $1.04
Friday, 18 Jan 2019 

Jan 18 (Reuters) - State Street Corp ::STATE STREET REPORTS FOURTH-QUARTER 2018 EPS OF $1.04; EPS $1.68 EXCLUDING NOTABLE ITEMS.INITIATED NEW $350 MILLION EXPENSE SAVINGS PROGRAM.4Q18 REVENUE INCREASED 5% COMPARED TO 4Q17.REDUCTION OF SENIOR MANAGERS BY 15% THROUGH MANAGEMENT DELAYERING AND ALIGNING GLOBAL ORGANIZATIONS.WORKFORCE REDUCTION OF 6%, OR APPROXIMATELY 1,500 EMPLOYEES.RATIONALIZATION AND STREAMLINING OF 3 OPERATIONAL HUBS AND 2 JOINT VENTURES.EXPENSE PROGRAM ALSO INCLUDES LIMITING REGIONAL AND CLIENT OPERATING DIFFERENCES AND REDUCING NUMBER OF MANUAL, BESPOKE ACTIVITIES.STATE STREET - IN Q4, AS PART OF NEW EXPENSE PROGRAM, RECORDED $223 MILLION PRE-TAX REPOSITIONING CHARGE, WHICH IS EXPECTED TO FULLY REALIZE WITHIN 12-15 MONTHS .QTRLY TOTAL REVENUE $2,986 MILLION VERSUS $2,846 MILLION LAST YEAR.Q4 EARNINGS PER SHARE VIEW $1.67, REVENUE VIEW $2.98 BILLION -- REFINITIV IBES DATA.STATE STREET - AS PART OF EXPENSE PROGRAM'S INITIATION, 4Q18 EXPENSES ALSO HAD $198 MILLION OF COMPENSATION, EMPLOYEE BENEFITS,$25 MILLION OF OCCUPANCY COSTS.$31,620 BILLION IN ASSETS UNDER CUSTODY AND ADMINISTRATION AND $2,511 BILLION IN ASSETS UNDER MANAGEMENT AS OF DEC 31, 2018.QTRLY TOTAL EXPENSES $2,474 MILLION VERSUS $2,131 MILLION LAST YEAR.CEO SAYS "STRUCTURAL COSTS ARE STILL TOO HIGH AND OUR AUTOMATION EFFORTS HAVE NOT MOVED FAST ENOUGH".EXPECTS TO REALIZE $350 MILLION IN UNDERLYING EXPENSE SAVINGS IN 2019.$1.9 TRILLION OF NEW ASSET SERVICING COMMITMENTS IN 2018.  Full Article

State Street Corp-Hooley's Retirement As CEO Will Be Effective Following Close Of Business On Dec 31, 2018
Friday, 14 Dec 2018 

Dec 14 (Reuters) - State Street Corp ::STATE STREET CORP - HOOLEY'S RETIREMENT AS CHIEF EXECUTIVE OFFICER WILL BE EFFECTIVE FOLLOWING CLOSE OF BUSINESS ON DECEMBER 31, 2018.STATE STREET CORP - RONALD O'HANLEY WILL SUCCEED JOSEPH HOOLEY AS CHIEF EXECUTIVE OFFICER ON JANUARY 1, 2019.STATE STREET CORP - INTENDS TO NOMINATE HOOLEY FOR RE-ELECTION AS A DIRECTOR AT STATE STREET’S 2019 ANNUAL MEETING OF SHAREHOLDERS.STATE STREET CORP - IF HOOLEY IS RE-ELECTED AS A DIRECTOR, HOOLEY TO CONTINUE SERVING AS CHAIRMAN UNTIL DECEMBER 31, 2019.  Full Article

State Street Corp Prices Preferred Stock Offering
Thursday, 20 Sep 2018 

Sept 20 (Reuters) - State Street Corp ::STATE STREET CORPORATION PRICES PREFERRED STOCK OFFERING.STATE STREET CORP - ANNOUNCED PRICING OF UNDERWRITTEN PUBLIC OFFERING OF $500 MILLION OF DEPOSITARY SHARES WITH LIQUIDATION PREFERENCE OF $1,000 PER SHARE.  Full Article

State Street Corporation Prices Offering Of 13.2 Mln Shares At $86.93 Per Share
Friday, 27 Jul 2018 

July 26 (Reuters) - State Street Corp ::STATE STREET CORPORATION PRICES COMMON STOCK OFFERING.SAYS PUBLIC OFFERING OF 13.2 MILLION COMMON SHARES PRICED AT $86.93PER SHARE.  Full Article

State Street Corporation Announces Public Offering Of Common Stock
Thursday, 26 Jul 2018 

July 26 (Reuters) - State Street Corp ::ORATION ANNOUNCES PUBLIC OFFERING OF COMMON STOCK.SAYS OFFERING 13.2 MILLION COMMON SHARES.STATE STREET - INTENDS TO USE NET PROCEEDS FROM OFFERING TO FUND PORTION OF CASH CONSIDERATION PAYABLE FOR ACQUISITION OF CHARLES RIVER SYSTEMS.  Full Article

State Street Reports Second-Quarter EPS Of $1.88
Friday, 20 Jul 2018 

July 20 (Reuters) - State Street Corp ::STATE STREET REPORTS SECOND-QUARTER 2018 EPS OF $1.88, UP 23%, AND ROE OF 14.7%, UP 2.1 PERCENTAGE POINTS, COMPARED TO THE SECOND-QUARTER OF 2017.STATE STREET CORP - 2Q18 RESULTS INCLUDE A $77 MLN, OR $0.17 PER SHARE, REPOSITIONING CHARGE RELATED TO ORGANIZATIONAL REALIGNMENT.STATE STREET CORP - 2Q18 REVENUE OF $3.0 BLN, UP 8% COMPARED TO 2Q17.STATE STREET CORP - BEACON TO DELIVER $200 MLN IN SAVINGS IN 2018, UP FROM $150 MLN.STATE STREET CORP - BEACON TO DELIVER $200 MLN IN SAVINGS IN 2018.STATE STREET CORP - AT QTR-END, ASSETS UNDER MANAGEMENT $2,723 BLN VS $2,729 BLN AT Q1 END .STATE STREET CORP QTRLY TOTAL EXPENSES $2,159 MLN VS $2,031 MLN.STATE STREET - REMAIN ON TRACK TO ACHIEVE 2018 FINANCIAL OBJECTIVES.STATE STREET CORP - QTRLY TOTAL FEE REVENUE $2,358 MLN VS $2,235 MLN .STATE STREET CORP <<>> Q2 SHR VIEW $2.01, REV VIEW $3.05 BLN -- THOMSON REUTERS I/B/E/S.  Full Article

State Street Says Charles River Deal Expected To Contribute About $80 Mln Of EBIT
Friday, 20 Jul 2018 

July 20 (Reuters) - State Street Corp ::STATE STREET - FROM CHARLES RIVER SYSTEMS DEAL, REVENUE SYNERGIES EXPECTED TO CONTRIBUTE ABOUT $80 MILLION OF EBIT - SEC FILING.STATE STREET - FROM CHARLES RIVER SYSTEMS DEAL, COST SYNERGIES EXPECTED TO CONTRIBUTE ABOUT $60 MILLION OF EBIT.STATE STREET - TOTAL ACQUISITION & RESTRUCTURING COSTS ESTIMATED AT ABOUT $200 MILLION THROUGH 2021.  Full Article

State Street To Acquire Charles River Development For $2.6 Bln
Friday, 20 Jul 2018 

July 20 (Reuters) - State Street Corp ::STATE STREET TO ACQUIRE CHARLES RIVER DEVELOPMENT FOR $2.6 BILLION.STATE STREET TO ACQUIRE CHARLES RIVER DEVELOPMENT FOR $2.6 BILLION.STATE STREET CORP - ACQUISITION EXPECTED TO BE ACCRETIVE IN 2020.STATE STREET - $2.6 BILLION PURCHASE PRICE EXPECTED TO BE FINANCED THROUGH SUSPENSION OF ABOUT $950 MILLION OF REPURCHASES IN Q2, DURING REMAINDER OF 2018.STATE STREET CORP - CHARLES RIVER DEVELOPMENT DEAL WAS INCLUDED IN CCAR AS A POTENTIAL STRATEGIC CHANGE AND FED GRANTED A CONDITIONAL NON OBJECTION.STATE STREET CORP - REMAINDER OF DEAL PRICE WILL BE FUNDED THROUGH ISSUANCE OF EQUITY.STATE STREET - CHARLES RIVER DEVELOPMENT ACQUISITION WAS INCLUDED IN CCAR AS POTENTIAL STRATEGIC CHANGE, FED GRANTED A CONDITIONAL NON OBJECTION.STATE STREET CORP - WILL PURCHASE CHARLES RIVER DEVELOPMENT IN AN ALL CASH TRANSACTION FOR $2.6 BILLION.STATE STREET - ABOUT 2/3 OF ISSUED EQUITY FOR DEAL FINANCING WILL BE IN FORM OF COMMON STOCK, 1/3 IN PREFERRED STOCK.  Full Article

U.S. regulators propose rule to ease leverage rule for custody banks

WASHINGTON, April 18 U.S. banking regulators on Thursday proposed a rule that would allow custody banks to exclude deposits with central banks from a stringent capital requirement.