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Stock Market & Financial Investment News

News Breaks
January 24, 2014
07:51 EDTSTTState Street sees FY14 revenue up 3%-5%, consensus $10.47B
State Street expects FY14 revenue growth of 3-5% compared to 2013, under the following assumptions: Strong execution of top priorities; Modest increases in market interest rates by later in 2014; Equity markets to remain close to year-end 2013 levels for full-year 2014; and improvement in market conditions for both its securities finance and trading businesses. Guidance in slides for Q4 earnings conference call.
News For STT From The Last 14 Days
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July 28, 2015
14:30 EDTSTTState Street to service $22B in assets for Mawer Investment Management
State Street announced that it has been appointed by Calgary-based Mawer Investment Management Ltd., to be the exclusive provider of custody, fund accounting and administration services for their portfolio of pooled and mutual funds worth $22B in assets under management.
July 27, 2015
16:25 EDTSTTState Street releases results of 2015 Dodd-Frank Stress Test
Common Equity Tier 1 ratio would be 8.1% in severe adverse scenario and Tier 1 risk-based capital ratio would be 10.3%. Reference Link
July 24, 2015
09:52 EDTSTTState Street focused on returning capital to shareholders
Says low interest rate continuing to negatively impact NIR, NIM. Says continues to experience high levels of deposits. Says view of monetary divergence still holds and still expects to see tightening in U.S. Says servicing fee revenue impacted by strong U.S. dollar. Sees FY15 operating-basis NIR $2.16B-$2.22B, assumes Fed increases rates in December; says expects to be at lower end of range if there are no rate increases. Says remains well capitalized. Comments taken from Q2 conference call. State Street shares were down 4.67% to $75.99 in early trading.
08:27 EDTSTTState Street says positive operating leverage remains long-term goal
Says near-term ability to achieve the goal is likely predicated on higher market interest rates for a significant portion of 2015. Says expense management a "priority." Says there continues to be upward pressure on regulatory compliance costs, but focus will be on controlling expenses, supporting new business growth, continuing to fund growth initiatives. Expects operating basis total fee revenue growth for FY15 to outpace operating basis expense growth by at least 200bps compared to FY14; assumes 4%-7% operating basis total fee revenue growth objective is achieved. Sees operating basis NIR declining in 2015 from 2014. Comments from slides that will be presented on the Q2 earnings conference call.
07:11 EDTSTTState Street reports Q2 provision for loan losses $2M
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07:02 EDTSTTState Street reports Q2 operating EPS $1.37, consensus $1.37
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July 23, 2015
15:05 EDTSTTNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include AbbVie (ABBV), consensus $1.06... Biogen (BIIB), consensus $4.10... Simon Property Group (SPG), consensus $2.36... State Street (STT), consensus $1.37... V.F. Corp. (VFC), consensus 36c... Johnson Controls (JCI), consensus 91c... American Airlines (AAL), consensus $2.60... Rockwell Collins (COL), consensus $1.30... Cabot Oil & Gas (COG), consensus 4c... Lear (LEA), consensus $2.48... Encana (ECA), consensus (15c).

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