sector: Financials ·
industry: Investment Services ·
As of
24 Nov 2009
41.56USD
State Street Corporation is a financial holding company. The Company, through its subsidiaries, including its banking subsidiary, State Street Bank and Trust Company, State Street Corporation, provides a range of products and services for institutional investors worldwide. The Company operates in two lines of business: Investment Management and Investment Servicing. The business provide services to support institutional investors, including custody, daily pricing, record keeping and administration, shareholder services, foreign exchange, brokerage and other trading services, securities finance, deposit and short-term investment facilities, loan and lease financing, investment manager and hedge fund manager operations outsourcing, performance, risk and compliance analytics, investment research and investment management, including passive and active United States and non-United States equity and fixed-income strategies.
BRIEF: For the nine months ended 30 September 2009, State Street Corporation's interest income fell 30% to $2.41B. Net interest income after LLP fell 3% to $1.75B. Net income before extraordinary item applic. to Common fell 27% to $1.14B. Net interest income reflects lower interest revenue, was partially offset by lower interest expenses. Net income also reflects an increase in information systems & communications expense and higher occupancy expense.
State Street Corporation
One Lincoln Street
Boston MA 02111
P: +1617.7863000
F: +1617.6543386