BNET Industries
Market Cap:$20.1B
Last Fiscal Year Sales:$11.8B
- Public
- US
Dow Jones Description
State Street Corporation (NYSE: STT) is the world's leading provider of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $12 trillion in assets under custody and $1.4 trillion in assets under management at December 31, 2008, State Street operates in 27 countries and more than 100 geographic markets worldwide.
Number of Employees 28,475
Peer Companies
NAICS Code Commercial Banking: 522110
Recent Events
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Custody Battle in Currencies Market
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Addition to legal reserve drives State Street to update Q3 figures
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State Street settles lawsuit, bulks up legal reserve
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State Street's CEO set to call it quits next year
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State Street head Logue to retire
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UPDATE 1-State Street's Logue to retire in March
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State Street CEO Logue to Retire
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State Street Names Successor to Logue
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State Street CEO Logue to retire in March
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Calyon Securities USA Inc. upgrades State Street to 'outperform'
News & Analysis
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state street corp. - All News and Analysis
Hedge Fund Billionaire Paulson Reports New Citi Stake
Reuters
- 2009-11-13
NEW YORK (Reuters) - Hedge fund billionaire John Paulson's firm took a stake in Citigroup C, while cutting holdings in Bank of America BAC and its interest in Goldman Sachs GS, according to a regulatory filing on Friday.Paulson, whose firm Paulson & Co bet against financial companies and the housing...
Calpers Knew in 2003 About Forex Trading Hits: Report
Reuters
- 2009-11-06
(Reuters) - California Public Employees' Retirement System, knew it was paying uncompetitive rates on foreign-exchange trades as early as 2003, the Wall Street Journal said, citing a consultant who advised the largest U.S. public pension fund.Last month, California's attorney general sued State Street Corp STT, contending that State Street Bank...
State Street Corporation Q3 Earnings Call Transcript
Seeking Alpha
- 2009-10-20
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Glenn Schorr - UBS. Glenn Schorr - UBS So we had some acceleration of some of the accretion this quarter on as you mentioned some of the prepayments picking up. So 2009 accelerates, 2010 stays the same, but 2011 moves...
State Street Corporation Q3: Beats Estimates
Seeking Alpha
- 2009-10-20
Zacks.com submits: State Street Corporation’s STT third quarter operating earnings of $1.05 per share were 5 cents ahead of the Zacks Consensus Estimate. Operating results for the quarter exclude $11 million in pre-tax merger and integration costs associated with the Investors Financial Services Corp. acquisition. However, the results...
Latest TARP Update Doesn't Feel Too Good
Seeking Alpha
- 2009-09-24
Wall Street Strategies submits: The Fed swung into action yesterday, and while there wasn't anything out of left field, the Street had been looking for reasons to blow off some steam, so that's exactly what happened. After powering up 60-points on the Dow Jones Industrial Average on...
State Street: A Follow-Up Recommendation
Seeking Alpha
- 2009-08-11
Paul Price submits:State Street [NYSE:STT] August 11, 2009: $51.10 52-week-range: $14.43 (Jan. 20, 2009) - $74.04 (Aug. 11, 2008)Dividend = $0.01 quarterly = 0.08% current yield State Street STT* is one of the largest trust banks worldwide, combining banking, asset servicing, and asset-management operations. The company also offers services such...
State Street Corporation Q2 2009 Earnings Call Transcript
Seeking Alpha
- 2009-07-21
State Street Corporation STT Q2 2009 Earnings Call July 21, 2009 9:30 am ET
State Street Corporation Q2 2009 Earnings Call Transcript
Seeking Alpha
- 2009-07-21
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Michael Mayo – CLSA. Michael Mayo – CLSA Your assets under custody were up more than the fees, at least the way I'm looking at it and I'm just wondering why that might be the case. It raises questions are...
State Street: TARP Still Positive for Taxpayers
Seeking Alpha
- 2009-07-15
Gary Townsend submits: In an article here last month, we noted that the Federal government’s TARP-related investment in America’s banks had become a sweet investment for taxpayers. In particular, we estimated the government earned an average annualized return of nearly 18% on its investments in the 10 banks that...
The State Street TARP Warrant Sale: Fair Deal or a Ripoff?
Seeking Alpha
- 2009-07-14
From Bloomberg: State Street Corp. STT paid $60 million to repurchase warrants held by the U.S. Treasury, becoming the first major financial firm to exit the government’s $700 billion rescue program. by Walter Kurtz
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