$STT (State Street Corporation)

$STT {{ '2015-07-24T15:14:12+0000' | timeago}} • Webcast

$STT 2Q15 Q&A: Usdin from Jefferies asked how much you are going to try to move off balance sheet of those excess deposits. Mike replied at this point, I really prefer not to put a precise number on it when we are in the midst of client communications as we speak and it is a sensitive issue. I mean, we are looking for a win-win with our clients.

$STT {{ '2017-06-29T13:29:41+0000' | timeago}} • Announcement

$STT received no objection from the Federal Reserve for its capital plan. The plan include an increase in quarterly dividend from $0.38 to $0.42 per share, starting in 3Q17, and repurchase of up to $1.4Bil of common stock, effective July 1, 2017 through June 30, 2018.

$STT {{ '2017-05-08T17:45:59+0000' | timeago}} • Announcement

$STT's asset management business, State Street Global Advisors (SSGA), announced that Dave Ireland will return to SSGA as the new global head of Defined Contribution. Based in Boston, Mr. Ireland will report to Barry F.X. Smith, head of the Americas Institutional Client Group.

$BLK {{ '2017-04-26T14:51:22+0000' | timeago}} • Webcast

In terms of the $BLK transition, $STT said it will occur beginning in 2018 and is likely to take next several quarters to be completed. BlackRock has chosen $JPM as custodian to more than $1 trillion in BlackRock client assets. $STT had been custodian of the assets.

$STT {{ '2017-04-26T11:45:54+0000' | timeago}} • Announcement

$STT's net interest income for 1Q17 increased 2.6% from 1Q16. The increase was primarily due to higher market interest rates in the U.S. and disciplined liability pricing, partially offset by lower interest earning assets and lower non-U.S. investment portfolio yields. Net interest margin rose to 117 basis points from 112 basis points in 1Q16.

$STT {{ '2017-04-26T11:44:46+0000' | timeago}} • Announcement

$STT reported a jump in 1Q17 earnings driven by 12% increase in fee revenue, continued expense control and further progress across its strategic priorities. Net income rose to $446MM or $1.15 per share from $319MM or $0.79 per share last year. Revenue grew 7.4% to $2.67Bil. Operating EPS increased to $1.21 from $0.98.

$DST {{ '2017-03-27T14:45:36+0000' | timeago}} • Announcement

In the UK, $DST unit will acquire $STT's ownership interest in IFDS U.K. or a total cash consideration of $175MM. DST expects the transaction to be accretive to diluted EPS by $0.18 to $0.22 in the next twelve months, before costs and charges. The IFDS U.K. acquisition has closed.

$DST {{ '2017-03-27T14:43:08+0000' | timeago}} • Announcement

$DST unit will acquire $STT's ownership interest in BFDS by delivery of 2.0MM State Street shares for about $157.6MM. DST expects the transaction to be accretive to diluted EPS by $0.15 to $0.19 in the next twelve months, before costs and charges. The BFDS acquisition is expected to close within the next several days.

$DST {{ '2017-03-27T14:40:18+0000' | timeago}} • Announcement

$DST entered definitive agreements to buy State Street's ownership interest in the Boston Financial Data Services, Inc. JV (BFDS) and International Financial Data Services Ltd JV (IFDS) in the UK from $STT. Following completion of these acquisitions, DST will own 100% of the equity interests in both BFDS and IFDS U.K.

$STT {{ '2017-01-25T15:11:32+0000' | timeago}} • Webcast

In 2017, $STT is targeting positive fee operating leverage of 100-200BP. Supporting this target, the company expects operating basis fee revenue to grow by 4-6% and $STT has increased its expected 2017 net State Street Beacon operating basis savings to $140MM.

$STT {{ '2017-01-25T15:04:43+0000' | timeago}} • Webcast

During 4Q16, $STT’s foreign exchange trading revenue increased from 4Q15 and 3Q16 reflecting higher volatility and client-related volumes. Securities finance revenue increased from 4Q15, primarily reflecting growth and enhanced custody, partially offset by lower agency revenue.

$STT {{ '2017-01-25T14:53:55+0000' | timeago}} • Webcast

$STT recorded net asset servicing wins of approx. $1.4 trillion in 2016, including $180Bil in 4Q16, reflecting strong growth with significant participation from Europe. In the SSgA  asset management business, $STT experienced net inflows of $16Bil during 4Q16. SSgA also finished 2016 with approx. $46Bil in assets under management.

$STT {{ '2017-01-25T12:34:28+0000' | timeago}} • Announcement

Financial holding company $STT reported an increase in 4Q16 earnings. Net income was $557MM or $1.43 per share compared to $547MM or $1.34 per share in 4Q15. Total revenues decreased 0.3% to $2.53Bil in 4Q16.

$STT {{ '2016-12-16T17:08:25+0000' | timeago}} • Announcement

$STT said it appointed Ronald O'Hanley as its Vice Chairman, effective Jan. 1, 2017, who will remain as the President and CEO of State Street Global Advisors.

$STT {{ '2016-10-26T19:25:27+0000' | timeago}} • Webcast

$STT's 3Q16 GAAP results included estimated revenue of $65MM and ordinary business expenses for $57MM and approx. $29MM of GE Asset Management deal related costs.

$STT {{ '2016-10-26T19:04:20+0000' | timeago}} • Webcast

$STT, which completed the acquisition of GE Asset Management on July 1, reported that integration of GE Asset Management is on track. The company onboarded over 260 employees.

$STT {{ '2016-10-26T12:20:30+0000' | timeago}} • Announcement

$STT now expects State Street Beacon, its multi-year transformation program, to deliver at least $165MM in estimated annual pre-tax savings in 2016 including targeted staff reductions announced in October 2015.

$STT {{ '2016-10-26T12:15:48+0000' | timeago}} • Announcement

$STT's total fee revenue for 2Q16 declined 1.1% to $2.08Bil from the previous year quarter, while adjusted fee revenue increased 4.6% to $2.12Bil. The growth rate of operating-basis fee revenue exceeded the growth rate of operating-basis expenses, representing positive fee operating leverage of about 293 basis points.

$STT {{ '2016-10-26T12:07:37+0000' | timeago}} • Announcement

$STT, holding company for State Street Bank, reported a 5.9% decline in 3Q16 earnings due to higher expenses despite a 0.2% rise in revenue. Net income fell to $507MM or $1.29 per share from $539MM or $1.31 per share last year. Revenue rose to $2.62Bil from $2.61Bil. Adjusted EPS increased to $1.35 from $1.15.

$STT {{ '2016-10-05T10:45:55+0000' | timeago}} • Announcement

$STT filed its response to the deficiencies and shortcoming identified by the Federal Reserve and Federal Deposit Insurance Corporation (FDIC) in April of this year relating to its 2015 resolution plan. $STT annually prepares and files a resolution plan, commonly referred to as a "living will" with the Federal Reserve and the FDIC.

$CFG {{ '2016-09-28T15:01:32+0000' | timeago}} • Announcement

$CFG CFO Eric Aboaf is departing to become CFO of $STT, and Aboaf will work until Dec. 16, 2016. Former $CFG CFO John Fawcett, who retired in April 2015 after its IPO, will come out of retirement and serve as interim CFO, post Aboaf's departure until a successor has been found. $CFG now sees to meet or exceed Bloomberg 3Q EPS consensus of $0.48.

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