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News Breaks
November 6, 2009
07:05 EDTSTT
theflyonthewall.com: State Street increases legal reserves
State Street announced that it has added $250M, as of September 30, 2009, to the reserve it established in 2007 to address legal exposure related to losses incurred by investors in certain active fixed-income strategies managed by State Street Global Advisors. The Company believes the adjusted reserve should be sufficient to account for a potential resolution of proceedings by the Securities and Exchange Commission and other governmental authorities, and to address ongoing litigation with respect to this matter. :theflyonthewall.com



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February 9, 2012
13:21 EDTSTT
theflyonthewall.com: State Street: Our posture is characterized by caution, pricing discipline
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13:20 EDTSTT
theflyonthewall.com: State Street: Local banks in Europe falling behind, not growing business

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12:59 EDTSTT
theflyonthewall.com: State Street expects FY12 compensation-to-revenue ratio to go down 100 points
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12:58 EDTSTT
theflyonthewall.com: State Street expects increased regulatory and compliance costs

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12:58 EDTSTT
theflyonthewall.com: State Street expects to "increase rigor in pricing"

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12:58 EDTSTT
theflyonthewall.com: State Street sees strong dollar to continue, continued regulatory uncertainty
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12:57 EDTSTT
theflyonthewall.com: State Street expects consumer confidence to remain muted

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12:57 EDTSTT
theflyonthewall.com: State Street sees Eurozone uncertainty to continue with 2012 GDP to decline 0.5%

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12:57 EDTSTT
theflyonthewall.com: State Street sees U.S. GDP growth to slow to about 2%
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12:56 EDTSTT
theflyonthewall.com: State Street expects to achieve 400bp improvement in pre-tax margin by 2015

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12:55 EDTSTT
theflyonthewall.com: State Street expects to achieve expense savings $575M-$625M by end of 2014
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12:53 EDTSTT
theflyonthewall.com: State Street expects to "pursue attractive acquisitions"

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12:53 EDTSTT
theflyonthewall.com: State Street expects to double non-U.S. revenue by 2014, compared to 2009
Comments taken from State Street Corporation Investor and Analyst Forum. :theflyonthewall.com
09:30 EDTSTT
theflyonthewall.com: State Street sees 2012 operating-basis NIM 145-155 bps

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09:28 EDTSTT
theflyonthewall.com: State Street targets dividend payout ratio of 20%-25%

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09:25 EDTSTT
theflyonthewall.com: State Street targeting long-term ROE 12%-15%
Managing to 10% Tier 1 Common Ratio, assuming a 1% G-SIB buffer. Information from slides for presentation to investors and analysts. :theflyonthewall.com
09:16 EDTSTT
theflyonthewall.com: State Street says to appeal court's February 3 ruling
In late 2007, Prudential Retirement Insurance and Annuity Co. filed a lawsuit against State Street in New York federal court alleging, among other things, that, based on disclosures made to Prudential, State Street did not manage the active fixed-income strategies in which certain of Prudential’s clients were invested in a manner consistent with the standard of care required under ERISA. Prudential is also seeking related costs, including pre-judgment interest and attorneys’ fees. On February 3, 2012, the Court issued a ruling finding that Prudential is entitled to a payment from State Street, after adjustment for the compensation received from the fair fund, in the amount of $28.1M. This award may ultimately be increased if the Court awards Prudential interest and costs. State Street intends to appeal the Court’s February 3, 2012 ruling. The timing of the remaining phases of further trial proceedings or of any appeal can not currently be determined. :theflyonthewall.com

February 7, 2012
13:54 EDTSTT
theflyonthewall.com: State Street to host analyst and investor forum

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07:03 EDTSTT
theflyonthewall.com: State Street, Ameriprise among finalists for DB asset management biz, WSJ says

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February 2, 2012
14:55 EDTSTT
theflyonthewall.com: State Street volatility at 18-month lows into analyst meeting
State Street February call option implied volatility is at 25, May is at 27; compared to its 26-week average of 36 according to Track Data, suggesting decreasing price movement in a company hosted analyst meeting on February 9th. :theflyonthewall.com