State Street (STT) Reports 7c EPS Miss; UBS Cuts Price Target to $70
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Excel Funds, Leader in Emerging Market Funds, Appoints State Street, IFDS to Provide Range of Investment Servicing Solutions
October 26, 2015 9:45 AM EDTTORONTO--(BUSINESS WIRE)-- State Street Corporation (NYSE: STT) announced today that it has been appointed by leading Canadian fund manager Excel Funds Management Inc. (Excel Funds) to provide investment servicing solutions.
State Street will service all of Excel Funds investment funds, and will provide custody, fund accounting and administration, foreign exchange and equities trading, and securities lending services. International Financial Data Services (IFDS) Canada, a joint venture of State Street and DST Systems Inc., will provide transfer agency services.
After an extensive review of candidates, State Street and IFDS emerged as... More
State Street Reports Third-Quarter 2015 GAAP-Basis EPS of $1.32, on Revenue of $2.6 Billion
October 23, 2015 6:58 AM EDTState Street announces multi-year plan to accelerate the next phase of its transformation program to generate approximately $500 million in annualized savings when fully implemented
Third-quarter GAAP-basis results includes pre-tax severance costs of $75 million associated with staff reductions
Third-quarter 2015 operating-basis1 EPS was $1.16 on revenue of $2.6 billion
BOSTON--(BUSINESS WIRE)-- In announcing the third quarter of 2015s financial results, Joseph L. Hooley, State Street's chairman and chief executive officer said, "This quarters results reflect the decline in equity valuations globally, particularly in... More
STT Enviro Corp. Announces Resolution Passed at Special Meeting
October 22, 2015 5:30 PM EDTTORONTO, ON -- (Marketwired) -- 10/22/15 -- Further to the Notice of Meeting and Record Date filed on SEDAR on August 21, 2015, STT Enviro Corp. ("STT" or the "Company") (TSX VENTURE: STT) held a special meeting of shareholders today.
The purpose of the meeting was to put the Company in a position to implement a dividend policy in the future through a reduction in the Company's stated capital by an amount equal to the balance of the Company's retained earnings deficit at December 31, 2014. Of the votes cast, 99.3% were cast in favour of the... More
State Street Global Advisors Expands SPDR ETF Equity Income Suite
October 22, 2015 12:35 PM EDTSPYD Offers Investors Exposure to Dividend Paying Stocks in the S&P 500
BOSTON--(BUSINESS WIRE)-- State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE: STT), today announced that the SPDR S&P 500 High Dividend ETF (SPYD) began trading on the NYSE Arca. Providing access to a portfolio comprised of the 80 highest dividend paying stocks in the S&P 500 Index, SPYD is designed for investors seeking both equity income and the potential for capital appreciation at a relatively low gross expense ratio of 0.12 percent.
As dividend paying stocks have... More
