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SeekingAlpha.com (Free subscription) | 10/20/2009
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 were down 15.3% from $1.24 per share in the prior-year...
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iStockAnalyst.com (Free subscription) | 09/17/2009
BOSTON — September 17, 2009 — State Street Global Advisors (SSgA), the investment management arm of State Street Corporation (NYSE: STT), today announced that the SPDR® Wells Fargo® Preferred Stock ETF (PSK) began trading on the NYSE Arca on September 17, 2009. Its annual expense ratio is 0.45 percent. [More...]
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24/7 Wall St. (Free subscription) | 09/17/2009
Investors have just been given one more trading instrument meant to track a less-followed investment class. State Street Corporation (NYSE: STT) has announced that its State Street Global Advisors has launched a new ETF to track preferred shares. This is the SPDR® Wells Fargo® Preferred Stock ETF (NYSE: PSK) began trading on the NYSE Arca [...]
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Market Watch (Free subscription) | 08/10/2009
BOSTON (MarketWatch) -- State Street Corp. in a regulatory filing Monday said the $625 million reserve it set up in 2007 to cover legal setbacks related to losses in its bond funds may not be sufficient to address ongoing litigation, as well as any related penalties. After aggregate payments of $432 million, the reserve totaled about $193 million at the end of the second quarter, according to the...
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Market Watch (Free subscription) | 07/21/2009
State Street Corp. reported a second-quarter loss on Tuesday as the company booked a hefty charge to move investment vehicles that sold asset-backed commercial paper onto its balance sheet.
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Market Watch (Free subscription) | 07/21/2009
BOSTON (MarketWatch) -- State Street Corp. on Tuesday reported a second-quarter net loss of $3.31 billion, or $7.12 a share, compared with profit of $548 million, or $1.35 a share, in the year-ago period. The Boston-based financial-services giant said the latest quarter's results included a loss of $7.91 a share to move troubled investment vehicles known as conduits that issued asset-backed commercial...
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BloggingStocks (Free subscription) | 06/29/2009
Filed under: SEC filings , Bad news , Options State Street Corp. (NYSE: STT ) said today that its State Street Bank & Trust Co. unit received a Wells Notice from the Securities and Exchange Commission (SEC). The notice, which indicates that civil charges may be brought against the company, relates to disclosures and management of certain fixed-income strategies during 2007 and previous periods....
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Market Watch (Free subscription) | 06/29/2009
NEW YORK (MarketWatch) -- U.S. financial stocks were marginally lower in Monday morning trade, following the broader market up, despite focus on regulatory issues involving two prominent banking companies. The benchmark financial sector exchange-traded fund, Financial Select Sector SPDR Fund , was up 0.3% to 11.96. State Street Corp. in a filing said it received a notice from the Securities and Exchange...
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Market Watch (Free subscription) | 06/29/2009
BOSTON (MarketWatch) -- State Street Corp. in a filing Monday said its principal subsidiary, State Street Bank and Trust Co., has received a so-called Wells notice from the Securities and Exchange Commission informing the company it may face civil charges for possible violations of securities laws. "The notice relates to an ongoing SEC investigation into disclosures and management by State Street...
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Market Watch (Free subscription) | 06/22/2009
More Wall Street analysts are warming to shares of State Street Corp. on hopes that the financial-services giant has put concerns over its capital behind it.
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Market Watch (Free subscription) | 06/22/2009
BOSTON (MarketWatch) -- Bernstein Research analyst Brad Hintz on Monday initiated coverage of State Street Corp. with an outperform rating and a $59 price target on the stock. The prevailing valuation on State Street shares does not balance the company's "above-average long-term growth prospects in the investment servicing and asset management industries with risks embedded in the firm's securities...
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Market Watch (Free subscription) | 06/18/2009
LOS ANGELES (MarketWatch) -- State Street Corp. said late Wednesday that it has repaid the full amount of the Treasury Department's $2 billion investment in the company under the TARP Capital Purchase Program. Boston-based State Street said it redeemed all of the outstanding shares of preferred stock issued to the Treasury, with the move set to reduce its net income by approximately $105 million in...
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Daily Intelligencer - New York Magazine (Free subscription) | 06/09/2009
Because some merry prankster at the Treasury Department was apparently like, "Why don't we have a little fun and do this thing like a blind item," the government did not name the ten banks allowed to repay the TARP this morning. Instead, the banks leaked the news themselves, via press releases and internal victory notes that the Times DealBook, having collected some and pressed them into...
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Business Wire (Free subscription) | 05/29/2009
CHICAGO--(BUSINESS WIRE)--Fitch's ratings of State Street Corporation and lead bank State Street Bank and Trust Company are unaffected by recent events related to consolidation of asset backed commercial paper conduits
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