State Street Corp. (STT) has entered into a strategic partnership with Taurus SA (“Taurus”) to enhance its digital asset solutions by delivering reliable digital asset capabilities to State Street Bank and Trust Company clients. The agreement will enable the offering of an integrated business and operating model that aids the digital investment cycle.Taurus, a Swiss company backed by Credit Suisse and owned by UBS, is one of the top digital asset infrastructure providers addressing the requirements of large ...

It is a good idea to add State Street (STT) stock to your portfolio now as it benefits from solid business servicing wins, strategic acquisitions, global reach and efforts to technologically upgrade operations. Its steady capital distribution activities are likely to continue enhancing shareholder value.Analysts seem optimistic about the company’s earnings growth prospects. Over the past 30 days, the Zacks Consensus Estimate for earnings has been revised marginally upward for 2024 and 2025. The stock curren ...

It has been about a month since the last earnings report for State Street Corporation (STT) . Shares have lost about 7.5% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is State Street due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. State Street Q2 Earnings Beat as ...

State Street Corporation (STT) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a c ...

State Street Corp (STT) remains well-poised for growth on the back of higher asset under management (AUM), higher interest rates, efforts to improve fee income and strategic acquisitions. However, a rising expense base and concentrated fee-based revenues remain concerns.State Street’s net interest revenue (NIR) and net interest margin (NIM) are anticipated to witness a modest expansion amid the high interest rates scenario. Though both metrics declined over the past couple of years due to low interest rates ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-07511 STATE STREET CORPORATION (Exact name of Registrant as Specified in its Charter) MA 04-2456637 (State or other jurisdiction of incorporation ...

Fund Connect users get access to API-driven liquidity intelligence to maximize interest incomeSAN DIEGO, July 25, 2024 /PRNewswire/ -- Trovata, the leading bank API-powered platform for managing cash & liquidity, announced today an integration with State Street's Fund Connect. This integration will enable joint clients to access Fund Connect as a third-party investing and trading tool with access to over 25 leading fund managers, from the Trovata platform. Now, finance and corporate treasury teams will be a ...

State Street Corp. (STT) recently hiked its quarterly cash dividend. The company declared a quarterly cash dividend of 76 cents per share, marking an increase of 10.1% from the prior payout. The dividend will be paid out on Oct 11 to shareholders of record as of Oct 1.This hike is in line with the company’s previous announcement to increase its dividend post its stress test 2024 results. The results demonstrated that STT’s stress capital buffer was well below the 2.5% minimum while its common equity tier 1 ...

POLAND - 2023/11/01: In this photo illustration, a State Street logo is displayed on a smartphone ... [+] with stock market percentages in the background. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesState Street’s stock (NYSE: STT) has gained 10% YTD, as compared to the 17% rise in the S&P500 over the same period. Notably, State Street’s peer BNY Mellon’s stock (NYSE: BK) is up 12% YTD. Overall, STT stock is currently trading at $85 pe ...

State Street is reportedly looking at a number of options for settling payments on blockchain.The financial services and banking firm is considering creating its own stablecoin, creating its own deposit token, joining digital-cash consortium efforts, and developing settlement options through blockchain payment startup Fnality, in which it has an investment, Bloomberg reported Wednesday (July 17), citing an unnamed source.State Street did not immediately reply to PYMNTS’ request for comment.With these effort ...