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State Street Corp (STT.N)

STT.N on New York Stock Exchange

72.90USD
19 Oct 2018
Change (% chg)

$-6.80 (-8.53%)
Prev Close
$79.70
Open
$74.17
Day's High
$75.49
Day's Low
$71.80
Volume
1,971,885
Avg. Vol
653,868
52-wk High
$114.25
52-wk Low
$71.80

Latest Key Developments (Source: Significant Developments)

State Street Corp Prices Preferred Stock Offering
Friday, 21 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
Friday, 27 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

State Street Declares Quarterly Dividends On Its Common Stock
Friday, 20 Jul 2018 

July 19 (Reuters) - State Street Corp ::STATE STREET CORPORATION DECLARES QUARTERLY DIVIDENDS ON ITS COMMON STOCK AND NON-CUMULATIVE PERPETUAL PREFERRED STOCK SERIES “C,” “D,” “E,” “F,” AND “G”.STATE STREET CORP - ANNOUNCED A QUARTERLY CASH DIVIDEND OF $0.47 PER SHARE OF COMMON STOCK.STATE STREET CORP - NEW DIVIDEND REPRESENTS AN INCREASE OF 12% FROM COMMON STOCK DIVIDEND OF $0.42 PER SHARE DECLARED IN Q2 OF 2018.  Full Article

State Street Reports First-Quarter 2018 EPS Of $1.62, Up 41%
Friday, 20 Apr 2018 

April 20 (Reuters) - State Street Corp ::STATE STREET REPORTS FIRST-QUARTER 2018 EPS OF $1.62, UP 41%, AND ROE OF 12.8%, UP 2.9 PERCENTAGE POINTS, COMPARED TO THE FIRST-QUARTER OF 2017.1Q18 REVENUE OF $3.0 BILLION, UP 13% COMPARED TO 1Q17.QTRLY TOTAL EXPENSES $2,256 MILLION, UP 8.1 PERCENT.AUM AT Q1-END $2,729 BILLION VERSUS $2,561 BILLION AT Q1-END LAST YEAR.QTRLY TOTAL FEE REVENUE $2,363 MILLION, UP 7.5 PERCENT.STATE STREET-BASEL III TIER 1 CAPITAL RATIO BASED ON FULLY PHASED-IN ADVANCED APPROACHES (ESTIMATED) PRO-FORMA 15.4% AT Q1 END VERSUS 15.2% AT Q4 END.DUE TO ENACTMENT OF TCJA ,Q4 2017 INCLUDED ONE-TIME ESTIMATED NET COST OF $250 MILLION.STATE STREET- Q1 NET INTEREST INCOME ROSE FROM Q1 2017, PRIMARILY DUE TO HIGHER U.S. MARKET INTEREST RATES,DISCIPLINED LIABILITY PRICING,AMONG OTHERS.Q1 EARNINGS PER SHARE VIEW $1.59, REVENUE VIEW $3.00 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

State Street Corp Sees 2018 GAAP Tax Rate Of About 15 Pct - 17 Pct Due To Tax Act
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - State Street Corp ::STATE STREET CORP SEES 2018 GAAP TAX RATE OF ABOUT 15 PERCENT - 17 PERCENT DUE TO TAX ACT - SEC FILING.STATE STREET CORP SEES 2018 GAAP OUTLOOK FOR NET INTEREST INCOME IN RANGE 10 PERCENT - 13 PERCENT.  Full Article

State Street Reports Qtrly Operating-Basis Diluted EPS​ Of $1.83
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - State Street Corp ::STATE STREET REPORTS Q4 GAAP-BASIS EPS OF $0.89, ROE OF 6.9% AND REVENUE OF $2.8 BILLION; INCLUDES ONE-TIME NET COST OF $270 MILLION OR -$0.72 PER SHARE RELATED TO TAX REFORM.STATE STREET CORP QTRLY OPERATING-BASIS DILUTED EPS AS REPORTED​ OF $1.83.SAYS ‍EXPECTS BEACON TARGET SAVINGS OF $550 MILLION TO BE REALIZED BY MID-2019, 18 MONTHS AHEAD OF SCHEDULE​.STATE STREET CORP QTRLY ‍OPERATING-BASIS TOTAL REVENUE $2,984​ MILLION VERSUS $2,749 MILLION YEAR AGO.SAYS QTRLY TOTAL FEE REVENUE ON OPERATING BASIS $2,326​ MILLION VERSUS $2,200 MILLION LAST YEAR.SAYS AT QUARTER-END, ‍ASSETS UNDER MANAGEMENT WERE $2,782 BILLION VERSUS $2,673 BILLION AT Q3 END​.SAYS QTRLY TOTAL EXPENSES ON OPERATING BASIS $1,998 MILLION VERSUS $2,143 MILLION LAST YEAR.SAYS BASEL III ‍TIER 1 CAPITAL RATIO ON ADVANCED APPROACH WAS 15.5 PERCENT AS OF DEC 31, 2017​, VERSUS 15.8 PERCENT AS OF SEPT 30, 2017.  Full Article

CORRECTED-State Street sees flat fourth-quarter servicing fees, shares fall

Oct 19 Custodian bank State Street Corp said on Friday it expects fourth-quarter servicing fee revenue, its main earnings driver, to be flat from the third quarter, sending its shares down 7 percent.