Last $75.43 USD
Change Today +0.62 / 0.83%
Volume 228.4K
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As of 9:58 AM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

state street corp (STT) Key Developments

State Street Names Bob Keogh as Head of Alternative Investment Solutions in Asia

State Street Corporation has named Bob Keogh as head of alternative investment solutions for the Asia Pacific region. In his new role based in Hong Kong, Keogh will handle hedge fund, private equity and real-estate businesses in the region. Keogh was formerly based in Europe as a senior managing director for State Street's hedge fund services arm. He joined State Street in 2012 from Goldman Sachs Group Inc.

State Street Corporation Presents at Barclays 2014 Global Financial Services Conference, Sep-09-2014 09:00 AM

State Street Corporation Presents at Barclays 2014 Global Financial Services Conference, Sep-09-2014 09:00 AM. Venue: Hilton Midtown, 1335 Avenue of the Americas, New York, New York, United States. Speakers: Joseph L. Hooley, Chairman, Chief Executive Officer, President, Chairman of Executive Committee and Member of Risk & Capital Committee.

State Street Corp. Names Oliver Berger as Senior Vice President and Head of Strategic Market Initiatives for Europe, the Middle East and Africa

State Street Corp. named Oliver Berger as senior vice president and head of strategic market initiatives for Europe, the Middle East and Africa. The role was newly created within the company's sector solutions team. Berger will be based in Frankfurt. Most recently, he was head of prospect sales for EMEA at JPMorgan Chase & Co., where he worked for 19 years.

State Street Announces Executive Changes

State Street appointed Kevin Wong as head of sector solutions for Asia Pacific. Wong was with Citigroup Inc, where he was securities and fund services business country manager for China. He is to take the place of Chris Taylor, who recently took over as head of State Street's global services and global markets businesses in Australia.

State Street Corporation Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

State Street Corporation reported consolidated earnings results for the second quarter ended June 30, 2014. The company announced earnings per common share (EPS) of $1.38 increased from $0.81 in the first quarter of 2014 and from $1.24 in the second quarter of 2013. The comparison with the first quarter reflects the seasonal deferred incentive compensation expense for retirement-eligible employees and payroll taxes in the first quarter of 2014, as well as the seasonal increase in second-quarter 2014 securities finance revenue. Net income available to common shareholders of $602 million increased from $356 million in the first quarter of 2014 and from $571 million in the second quarter of 2013. Revenue of $2.60 billion increased from $2.49 billion in the first quarter of 2014 and from $2.56 billion in the second quarter of 2013. Net interest revenue of $561 million increased from $555 million in the first quarter of 2014 and decreased from $596 million in the second quarter of 2013. on average common shareholders' equity (ROE) of 11.9% increased from 7.2% in the first quarter of 2014 and from 11.3% in the second quarter of 2013. On non-GAAP basis, EPS of $1.39 increased from $0.99 in the first quarter of 2014 and increased from $1.24 in the second quarter of 2013. The comparison with the first quarter reflects the seasonal deferred incentive compensation expense for retirement-eligible employees and payroll taxes in the first quarter of 2014, as well as the seasonal increase in second-quarter 2014 securities finance revenue. Net income available to common shareholders of $603 million increased from $433 million in the first quarter of 2014 and from $571 million in the second quarter of 2013. Revenue of $2.68 billion increased from $2.56 billion in the first quarter of 2014 and from $2.58 billion in the second quarter of 2013. Net interest revenue of $575 million increased from $572 million in the first quarter of 2014 and decreased from $582 million in the second quarter of 2013. ROE of 11.9% increased from 8.8% in the first quarter of 2014 and from 11.3% in the second quarter of 2013. Second-quarter revenue growth driven by stronger global equity markets, net new business and the seasonal benefit from securities finance activity. For the six months, the company announced net income available to common shareholders of $958 million, or $2.19 per diluted share, compared to $1.03 billion, or $2.22 per diluted share, for the six months ended June 30, 2013. Total revenue was $5.08 billion compared to $4.99 billion for the six months ended June 30, 2013.

 

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