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Stock Market & Financial Investment News

News Breaks
January 18, 2013
07:46 EDTSTTState Street to cut 630 jobs worldwide
The company recorded a pre-tax acquisition and restructuring costs of $139M, primarily related to severance and benefits costs for targeted staff reductions expected to be substantially completed during 2013. This additional expense control measure was taken to better align the company's expenses to its business outlook for 2013 and will involve the reduction of approximately 630 positions worldwide. Joseph L. Hooley, State Street's chairman, president and CEO, said, "We remain focused on executing our Business Operations and Information Technology Transformation program. Additionally, to capture further efficiencies and cost savings, we announced a separate reduction in force to align our expenses with our business outlook for 2013."
News For STT From The Last 14 Days
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July 22, 2014
07:16 EDTSTTState Street sees $575M-$625M in annualized pre-tax expense savings by 2015
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07:13 EDTSTTState Street reports Q2 operating EPS $1.39, consensus $1.26
Reports Q2 revenue $2.6B, consensus $2.6B.
July 21, 2014
15:30 EDTSTTNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Verizon (VZ), consensus 90c; Coca-Cola (KO), consensus 63c; Comcast (CMCSA), consensus 72c; United Technologies (UTX), consensus $1.70; McDonald's (MCD), consensus $1.44; Altria Group (MO), consensus 66c; du Pont (DD), consensus $1.17; Lockheed Martin (LMT), consensus $2.66; Kimberly-Clark (KMB), consensus $1.50; Travelers (TRV), consensus $2.07; Ingersoll-Rand (IR), consensus $1.11; State Street (STT), consensus $1.26; TD Ameritrade (AMTD), consensus 34c; Harley-Davidson (HOG), consensus $1.46; Polaris Industries (PII), consensus $1.39; Crocs (CROX), consensus 31c.

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