State Street Corp


  • Prudential Sues State Street over Risky Funds: WSJ Tuesday, 2 Oct 2007 | 7:38 AM ET

    Prudential Financial sued State Street over losses worth $80 million because of what it called "undisclosed, highly leveraged" investments by State Street, which included subprime mortgages, the Wall Street Journal reported Tuesday.

  • The Week on Wall Street: More Sound and Fury Friday, 31 Aug 2007 | 5:24 PM ET

    Stocks ended another volatile week on a positive note as investors were cheered by President Bush's plan to help distressed homeowners and Fed Chairman Ben Bernanke's stance that the central bank will act as needed to address credit concerns.

  • Stocks closed broadly lower as already jittery investors expressed disappointment that the latest Fed minutes showed policymakers were reluctant to cut interest rates. "The comments from the Fed not indicating that a rate cut was imminent and further deterioration in the financial sector -- all of this combined and we're down substantially here," said Brian Schaeffer, an NYSE floor specialist at Van der Moolen.

  • State Street Shares Rattled by Credit Worries Tuesday, 28 Aug 2007 | 11:50 AM ET
    State Street

    Shares of State Street fell 4 percent Tuesday on worries about the company's more than $20 billion in commitments to asset-backed commercial paper programs.

  • Financial Shares Sell-Off Grips Markets Tuesday, 28 Aug 2007 | 9:39 AM ET

    Fear of financial companies is again gripping world stock markets. Selling in financial shares-- banks and brokers--was a theme in the U.S. market yesterday but continued around the globe as investors worry that credit problems would show up on the books of major financial institutions. Several headlines helped stir the fear. European markets are weaker this morning, and Asian stocks closed mostly lower.

  • Dow Closes at Record High, but Falls Short of 14,000 Tuesday, 17 Jul 2007 | 4:11 PM ET

    The Dow Jones Industrial Average closed at a record high, but slipped below 14,000 after trading above the milestone earlier in the session.  Traders remained optimistic that the market will power higher. "We're not going to stop at 14,000; it's just an arbitrary number," said Gordon Charlop, president of Walter J. Dowd.

  • State Street Quarterly Profit Surges 61% Tuesday, 17 Jul 2007 | 2:20 PM ET
    State Street

    State Street, the world's biggest institutional money manager, Tuesday posted a better-than-expected 61% jump in quarterly profit and said revenue will be stronger than initially expected this year.

  • CNBC's Domm: Today's Agenda in the Markets Tuesday, 17 Jul 2007 | 8:13 AM ET

    Earnings news is helping set the tone as some big positive reports are countering weakness in stocks ahead of inflation data.

  • Global Stocks Report: Let's Go Europe Thursday, 3 May 2007 | 10:54 AM ET

    European stocks are once again expected to outperform U.S. ones and may even post gains superior to many of the hottest emerging markets.

  • It's Time for the Lightning Round! Wednesday, 25 Apr 2007 | 7:21 PM ET

    XM, Charter, Burger King and more...Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Bank of N.Y. Profit Up 3%; PNC Profit Rises 30% Wednesday, 18 Apr 2007 | 10:20 AM ET

    Bank of New York, which is buying Mellon Financial, said on Wednesday that first-quarter profit rose 3%, helped by higher fees from holding securities and processing trades for institutional investors.  Meanwhile, PNC Financial, a fast-growing northeast U.S. regional bank, said first-quarter profit rose 30%, helped by acquisitions and growth in every main business line.

  • State Street Reports Higher Quarterly Earnings Tuesday, 17 Apr 2007 | 7:50 AM ET

    State Street, the world's largest institutional asset manager, on Tuesday reported higher quarterly earnings as revenue hit a new record.

  • Mounting concerns on Wall Street that mortgage lenders might be hurt by increasing defaults and delinquencies sent investors fleeing Monday from some of the biggest names in the industry. The meltdown among lenders that specialize in home loans to people with weak credit again ravaged stock prices.

  • Stocks Close Mixed After Sluggish Trading Day Monday, 5 Feb 2007 | 6:50 PM ET

    The Dow Jones Industrial Average closed fractionally higher,  helped by strength in Wal-Mart and Boeing, but the broader market failed to gain traction.

  • State Street announced Monday it plans to buy Investors Financial Services for about $4.5 billion in stock.

  • Trust Banks Post Strong Quarterly Profit Reports Wednesday, 17 Jan 2007 | 3:40 PM ET

    Three of the four largest U.S. trust banks -- which manage money, hold securities and process trades for clients -- reported strong earnings on Wednesday, as demand rose for their asset management and servicing products.

  • Institutional investment manager State Street said fourth-quarter earnings jumped 17% as new business and higher equity valuations boosted servicing and management fees.

  • "Bad Day" For Intel and Pickens on Oil Wednesday, 17 Jan 2007 | 8:12 AM ET

    Stocks in the U.S. are seeking direction and are looking mostly higher in mixed action ahead of the open. Earnings news from big names like Intel and J.P. Morgan are making headlines, and the markets are watching for PPI inflation data this morning and the Fed's Beige Book at 2 pm. Oil slumped below $51 a barrel this morning after a deep slide yesterday.

  • The combination of  two storied names in American finance will create a powerhouse in custody services for institutional investors and one of the biggest asset managers.

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