State Street Corporation (NYSE:STT)

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  • Forexpro: ...
    I feel a bit awkward even mentioning this ticker, as $BK was the Great Satan during my time at $STT. Now, however, my eldest works for her daily crust in Wealth Management there, and seems generally happy. I could have easily arranged for her to get ...
  • joelsg1: @Forexpro $BK $STT $SPX What do you think of the private equity masters like $BX and $BLK who are filling the need for risk capital that the big banks seem to eschew?
  • Forexpro: @joelsg1 $BK $STT $SPX $BX $BLK
  • joelsg1: @Forexpro $BK $STT $SPX $BX $BLK That bad?
  • Forexpro: @joelsg1 $BK $STT $SPX $BX $BLK

    Sorry, @Joelsg1,

    The first time, I lost my post due to my own clumsiness, the second, the site ate my homework. Bottom line - it will save you some time - banks can borrow more cheaply, typically, but have to deal w ...
  • joelsg1: @Forexpro $BK $STT $SPX $BX $BLK $BAC $WFC Thanks, and same.
  • Forexpro: ...
    P.S. Nice to see Deutsche's Alan Ruskin on Bloomberg TV. I tried with might and main to recruit him to $STT when he was looking to leave his then-employer (Was it UBS? Don't remember now), but he ultimately turned us down on the grounds that his wif ...
  • Forexpro: ...
    So what about $STT, where I spent so many happy and prosperous (generally) years? It got its clock cleaned after observing during the call that sophisticated institutional investors - the bank's core clientele - can read a Bloomberg screen, and dema ...
  • Forexpro: Re: $STT

    Good Morning, Friends,

    It's Patriots Day in the Commonwealth, and great weather (cool, overcast, but not wet) for those running. Not me, are you kidding? The guy who invented that race died at the end of it. Dunno why anyone else thought t ...
  • champ: $SPY...... the Markets are starting to move into Prime-time, 55 minutes left....and the only negative News is $BA and they are a negative drag on the Markets.....and all the other News has been more or less market friendly this week..... .....No-major monthly Economic reports are scheduled for Monday and only 3 earnings reports before the open.....$SCHW $MTB $STT. .....The markets could maybe recover and the Hope is, could End the Day on the flat line, if we don't count that $BA point drag.
  • champ: @champ $SPY $BA $SCHW $MTB $STT ....I should have said...that the major drag on the markets today,... are $BA and $UNH.
  • scottrades: Some Earnings to be aware of for next week: $TSLA $SCHW $BAC $NFLX $JNJ $GS $MTB $STT $TSM $ASML $LMT $MS $UAL $AXP $RAD $T $BK $PLD $GNTY $IBM $USB $NOK $PG $ERIC $ISRG $NDAQ $BKR $ABT $ALK $SLB $ALLY $MBWM $WAL $FCX $BX $JBHT $UNP $CBSH $DHI $PM $ELV $AA $TFC $LRCX $KEY $FITB $CFG $SYF $NUE $TRV
  • Forexpro: @joelsg1 $SPY $STT

    LOL, Joelsg1,

    Yes, I agree that the semis were everything we want those games to be annually, and although I've always had a soft spot for the Wolverines I'm still delighted to see an outsider break in to the finale. Now, much m ...
  • joelsg1: @Forexpro $SPY $STT $BK $JPM $NTRS $C Wow, amazing info and insight, thank you heartily. I hope the Kid appreciates the time, effort and wisdom imparted, I certainly do. P.S. he does, and appreciates your generosity. Their fledgling West Coast operation is trying to ramp at a difficult time, but at least no shortage of parking, as I understand. He’s attracted interest from some others, like $SIVB, so he has a tough decision this month, better informed by you. Thanks again for your kind reply.
  • joelsg1: @Forexpro $SPY $STT C'mon, forget Chip's UCLA kids , though he did convince the top qb prospect to commit to the Bruins, those college semi final games were excellent. My son says he's offered a position in client services for hedge funds West Coast, and there's some multi asset floating around too. Any color would be much appreciated. Thanks.
  • joelsg1: @Forexpro $SPY Nice to ‘ hear’ from you, Happy New Year! Quick question: my recent MBA son is considering a job offer from $STT to build their West Coast presence and I believe you used to work there. They pay a bit less than others and are mum about bonuses. Would you recommend?
  • Forexpro: @joelsg1 $SPY $STT Hey, Joelsg1, And the very happiest of New Years to you! What area of $STT is your son considering? Custody, Global Markets, or Global Advisors? They're pretty distinct culturally and the financial implications vary. Happy to try to provide some color, although I'm not as plugged in as I was once upon a time. The topmost echelon has turned over completely since my day. The current global head of FX is a former colleague with whom I'm on good terms, and I still know a fair number of people at the EVP level, but the C-Suite folks are strangers. Just let me know. All the best!
  • Forexpro: Re: $STT Good Morning, Friends, Money is no longer free, and the market in consequence is cheering $STT's decision to walk away from its acquisition of BBH's investor servicing (custody) business. In a free-money environment I suspect this move would have been seen as a negative - it was $STT's best shot at adding significant AUC, with associated economies of scale - but things have changed since the deal was announced back in 1898. Actually, it was Sep. 2021, it just seems longer. Fewer regulatory headaches for $STT absent the BBH deal, less need to sell (increasingly expensive) debt. Were I a partner at BBH, which I most assuredly am not, I'd be annoyed, but according to the press reports there are no penalties to be paid by either side. Although as an alumnus of $STT I remain an interested observer, I have no position. All the best!
  • bigbartabs: @Forexpro $STT ... 1898... certainly seems that way for a lotta things these days. It also happens to be the birth year of one of my grandfathers !
  • Forexpro: Re: $BK Hi, Friends, The trust banks are sometimes neglected, but $BK and $STT are both up 5+ percent, $NTRS 4 percent, on the back of $BK's results. If I'm not mistaken, $STT reports tomorrow, $NTRS on Wednesday. Be it noted that $BK has made it back to the 50 percent retracement of the Sept 15 45.01 high to Oct 13 36.22 low. Oct 13 wasn't all that long ago, but moves end at some point, generally speaking. Anyway, no position apart from a daughter employed at $BK but interested in the sector where I spent a goodly chunk of my career, albeit at $STT. Hope your day is off to an excellent start; all the best!
  • scottrades: Reminder about some #Earnings for the week: $TSLA $BAC $NFLX $SCHW $GS $JNJ $BK $T $UAL $VZ $LMT $SNAP $AAL $GNTY $SI $NOK $NUE $ASML $PG $IBM $HAS $AXP $ALLY $ACI $ABT $ISRG $BKR $BX $LRCX $FCX $NDAQ $AA $SLB $DOW $MRTN $STT $SBNY $JBHT $PLD $TRV $MNSB $ERIC $PM $ALK
  • Forexpro: @bigbartabs #Bridgewater Hey, Bigbartabs, As noted, I'm not really up to date, but at the time of my departure from $STT, they were institutional only, with a $50 mio ante. My guess is that since their returns have lagged over the past couple of years they might be more welcoming. They still have $154 bn under management. Parenthetically, while "Bridgewater Daily Observations" is only available to clients, they do offer bits and pieces of research on their website, and it's open to all: https://www.bridgewater.com/research-and-insights Hope all is well with you and yours, Amigo.
  • Forexpro: ...
    $STT is just out, looks to have had a decent beat relative to subdued expectations. Gotta get through the call, though, and there will be questions as to the progress or lack thereof with the BBH custodial holdings acquisition. FX revenue $331 mio, ...
  • sierramp: @Forexpro $C $WFC $BLK $BK $MS $JPM $BAC $GS $STT Thank you for your morning perspective and for the laugh!
  • Pokersmith: @Forexpro #fwiw Morgan Stanley 🐧 Cuts State Street's $STT Price Target to $86 From $106, Keeps Overweight Rating
  • Forexpro: @Pokersmith $STT #fwiw

    Thanks, Pokersmith,

    Yeah, I suppose that $MS decided that with the stock around 62 a price target of 106 was looking just a tad optimistic. Kept the "Overweight" tag despite the $20 target drop, which makes all the ...
  • Pokersmith: @Forexpro $STT $MS $SPX $SPY #fwiw I appreciate ( as always ) you sharing your thoughts. Best to you my friend
  • Forexpro: ...
    P.S. My alma mater ($STT) caught a downgrade from Brian Befell at $DB, to "Hold" (that is, "Sell"). PT 67, last price 65.30.
  • Forexpro: Re: $STT Hi, Friends, $STT is doing a tech presentation at some $JPM financials conference today. According to SeekingAlpha, the company indicated that it anticipates revenue growth of 4-5 percent over the medium term, which I would expect is a 3-5 year horizon. That's about where the company has been (although it looks to be somewhat lower than Street guesstimates), and if management can achieve that goal, it probably constitutes good news (or at least "not as bad as feared") under present circumstances. I looked over the slides, and didn't see that snippet, but I could have missed it, or it could have been a verbal contribution. The CFO (Eric Aboaf, well after my time) is part of the presenting team. Anyway, the stock, in which I have no position, is attempting to pull itself off the mat. We'll see how it goes. All the best!
  • Forexpro: Re: Markets, $STT

    Good Morning, Friends,

    $CS' CEO on the rumors of a takeover by $STT, from Bloomberg.com:

    “My father once gave me a piece of advice: for really stupid questions you’d rather not comment at all,” Gottstein said af ...
  • Forexpro: Re: $CS, $STT Hi, Friends, Okay, I know, I've been gone for quite a while, and I'm unacquainted with the current CEO (an ex-Fidelity guy). So, perhaps I'm completely wrong about the culture of the place. However, a SeekingAlpha piece suggesting that $STT is interested in acquiring $CS is the looniest thing I've heard since whenever. Synergies? Well, $CS might have some custodial accounts, and it manages a fair amount of money. Let's see, $STT's experience in managing high net worth is ... zero? $CS isn't making much money, and the stock is cheaper than it was a while back, but that's true for $STT, as well. Perhaps a unit of $CS, something complementary, at least potentially, to $STT's existing skill set? That could be, but a buyout of the entire enterprise? Never say never, but I'll be gobsmacked if this rumor pans out. All the best!
  • Forexpro: Re: $STT Hi, Friends, Bleary-eyed this morning, out too late with some old $STT friends, too much wine (Breca Garnacha, a very pleasant Spanish red), too little food. Anyway, I gather informally, and with no numbers provided, that the FX desks continue to make money hand over fist. Not the biggest contributor in Dollar terms to the bank's results, but because of the significant operating leverage -"It don't take any longer to write a couple of extra zeros" - back in my day 60 percent of FX trading revenue dropped to the bottom line. With volumes up and electronic trading reducing costs (well, apart from IT, but the big hit was taken some years ago) I would imagine that percentage is even higher now. All of which is not to deny that the attached chart is, to use the technical term, "crappy". FWIW; all the best!
  • Forexpro: ...
    Nice chart, huh? Looks like a potentially decent short to me if it can manage to crawl back to 46. It took a downgrade from $JPM this morning, which seems sort of gratuitous at this point. For this one, and for $STT and $NTRS, one of the variables d ...
  • Forexpro: ...
    I'm torn, because when I was at $STT, $BK was The Great Satan, although we were a league above when it came to FX; $BK hired our castoffs. On the other hand, they regularly underpriced us for custody mandates, and have pieced together a sizable weal ...
  • Forexpro: Re: $STT

    Hi, Friends,

    Well, FX continues to do well at State Street; $359 mio last quarter, up from $300 mio in 4Q21. When I started there - it was a while ago now - then head of Global Markets Stan Shelton asserted that the room (well, okay, Londo ...
  • Forexpro: Re: $STT

    Hi, Friends,

    Back in my day, $STT would offer earnings pre-opening that at first blush looked at least decent. Just prior to the bell, the 9 AM conference call would frequently generate a rush to sell at the open, with a sharply lower stoc ...
  • wanda1616: @wanda1616 $BLK $SIVB and $STT yuk
  • bRobert: @wanda1616 $BLK $SIVB $STT Turn the charts upside. down. My trade
  • scottrades: Some Earnings for the coming week. $GS $BAC $NFLX $SCHW $MS $SI $PNC $ASML $UNH $BK $AAL $PG $AA $TFC $MBWM $SBNY $FMBI $FAST $GNTY $ONB $FBK $SLB $ISRG $BKR $UAL $USB $ALLY $STT $UNP $PLD $PRGS $JBHT $KMI $TRV $CSX $CFG $CMA $KEY $FITB $CNXC $RF $IBKR $HBAN $OFG
  • Forexpro: ...
    Not great. One of my very smart friends from $STT days (Sebastien Page) is now a senior guy at T. Rowe Price, and he consistently makes the case for active management, but the sad fact remains that most managers can't manage to beat their benchmark ...
  • Forexpro: Re: $C Hi, Friends, I just skimmed over the article, but I gather that some of $C's derivatives holdings have been determined to require larger capital reserves than were previously thought necessary. In consequence, the bank is halting stock repurchases for a while. If the CFO mentioned for how long, I missed it. This is another very large, complex organization that of late can't seem to get out of its own way. It has had some really colorful snafus, and the regulators are of course now all over it, which makes it that much tougher to re-establish a degree of operational equilibrium. Back in my day, one of the two leading players in FX, along with $DB. $STT was "Top 10", but way behind "Top 2". No position in either $C or (you're kidding, right?) $DB. Nor in $STT, for that matter. All the best!
  • Pokersmith: @Forexpro $C $DB $STT That IS bad news...therefore, should rally 100 points from here
  • Forexpro: @Pokersmith $C $DB $STT LOL, Pokersmith, It's a contrarian's game, isn't it? Hope all of your long tickers are green; cheers!
  • Forexpro: ...
    I've attached a chart of the 10-year T-note yield versus that for the 2 year; "2s-10s" as the jargon has it. That has for years been shorthand for banks' borrowing costs versus lending opportunities. Steeper is better. You'll note that thi ...
  • Forexpro: Re: $STT

    Hi, Friends,

    The E-minis were down 4.25 points when I turned those machines back off last night, and are at this moment (8:15 EDT) up 3.50 points. Supply chains and inflationary pressures seem to be the two largest (or at least most obviou ...
  • Forexpro: @shoredriver $STT

    Hey, Shoredriver,

    Here's hoping that all is well with you. I've been working pretty hard on some consulting stuff, and keeping my head down in consequence. Not too much to report on $STT; the analyst community of course wants to ...
  • Pokersmith: @Forexpro $STT State Street... $103 from $92 at Credit Suisse... $110 from 104 at Barclays... Piper $96 to $102
  • shoredriver: $STT...no comments from @forexpro???...hope all is groovy in his realm.....
  • scottrades: Some #earnings for the week.. $TSLA $NFLX $JNJ $CLF $SNAP $VZ $ASML $T $INTC $HAL $ERIC $NUE $UAL $PG $STT $LRCX $STLD $AAL $SI $ACI $FCX $WGO $ABT $CROX $ISRG $PM $LUV $PHG $AXP $CMG $NEE $KSU $MAN $ALLY $BX $NDAQ $VLO $LVS $BK $SYF $SAM $IBM $ANTM $DHR $AN
  • kbrowe: @Forexpro haven't seen you here today, but read your posts every morning with my coffee. Thought you might be interested in this announced after hours by the WSJ. $STT Invesco in Talks to Merge With State Street’s Asset-Management Business
  • Mpower27: @kbrowe $STT Hmm I wonder if that means Invesco would become part of State Street or if $STT would be spinning that off.....perhaps to recoup some of the BBH cost they recently took on.
  • Forexpro: @kbrowe $STT

    Thanks, Kbrowe,

    Yeah, I was just mulling that over. "A merger" is kind of meaningless; either $STT is buying $IVZ (as the attached chart indicates, the latter ticker is up a lot after the close) or $IVZ is buying SSgA, the i ...
  • Forexpro: Re: $STT Hi, Friends, According to SeekingAlpha.com, $STT will be issuing an additional 22 mio shares to help pay for the company's purchase of BBH's custodial business. That's roughly 6.4 percent dilutive. The stock is up another half buck to 88.33 after the bell. It dipped sufficiently today to be potentially buyable, but I was engaged in other activities - nothing fun, alas - and missed it. Hope you've had an excellent day; all the best!
  • Forexpro: Re: $STT

    Hi, Friends,

    It might be a tad on the expensive side, but State Street's purchase of partnership BBH's custody unit (leaving the latter with investment banking and asset management) is likely a worthwhile move. The near-term fly in the oin ...
  • Forexpro: ...
    No, you don't need to be very smart to work for a bank, or even to run one. I worked for four CEOs at $STT; the first was a superb leader and manager, his successor was an empty suit beancounter, his successor was the guy who pounded the table harde ...
  • scottto_2: #InsideBarList - My OCD kicked in hard on this one - Thanks Sir @Aragorn - $AAL $AAOI $AAPL $ABC $ABT $ABUS $ACAD $ADI $ADS $AEM $AES $AFL $AGCO $AGIO $AIG $AKAM $AKTX $ALE $ALGT $AMCX $AMN $AMP $AMT $AMZN $AN $ANET $ANGI $ANTM $AON $APA $APD $APRN $ ...
  • lauralynnee: @Forexpro $STT Hope the med stuff goes ok
  • Forexpro: ...
    My alma mater ($STT) is up fractionally in the few minutes since the earnings release. FX was only down 12 percent y/y, which seems like a pretty good result (although most of its competitors fold FX results into fixed income, so it's tough to compa ...
  • Forexpro: @lauralynnee $STT Thanks Much, Lauralynnee, I expect to survive it. :-) And I'm off; be lucky!
  • Pokersmith: @Forexpro $STT reported Q2 adjusted EPS of $1.97 per share, compared with $1.88 per share a year ago. Analysts polled by Capital IQ expected $1.80 per share. Company said revenue was $3 billion compared with $2.9 billion a year ago. The Street anticipated $2.9 billion. Far from bad as far as the headline reads... Good luck at the Doc's !
  • Forexpro: Re: Banks Hi, Friends, Trading revenue for the largest banks ($JPM, $BAC, $C, $GS, $MS) is expected to be down close to be 30 percent when results are reported this week. Bloomberg.com points out that, as shown in the attached chart, investment banking revenue has been robust. Unfortunately, these numbers almost certainly won't suffice to make up for the trading shortfalls (assuming that those guesstimates are close to correct). Some investment bankers, however, will be looking for big pay days, and that always warms my heart. I (only half-) jokingly suggested back in the day that we ask everyone in sales and trading to estimate their individual contributions to $STT's results, because when we added up those numbers we'd find ourselves with at least double the revenue we actually reported. Here's hoping that the session is treating you kindly; all the best!
  • scottrades: Some #Earnings to be aware of this coming week: $JPM $GS $PEP $BAC $DAL $WFC $GSM $C $UNH $BLK $AOUT $FAST $PNC $MS $AA $CAG $ANGO $ERIC $OGI $USB $ALV $FRC $CTAS $ASPU $KSU $BK $SCHW $SLP $TFC $FHN $HOMB $SAND $STT $EXFO $THTX $WABC $WAFD $WNS $MRTN $VLRS $PBCT $INFY $SCR
  • Pokersmith: @scottrades $JPM $GS $PEP $BAC $DAL $WFC $GSM $C $UNH $BLK $AOUT $FAST $PNC $MS $AA $CAG $ANGO $ERIC $OGI $USB $ALV $FRC $CTAS $ASPU $KSU $BK $SCHW $SLP $TFC $FHN $HOMB $SAND $STT $EXFO $THTX $WABC $WAFD $WNS $MRTN $VLRS $PBCT $INFY $SCR #Earnings Thx Scott, copy that
  • Forexpro: ...
    The "pockets" refer mostly to Chinese tech, but as a description of the current largest bricks in the Wall of Worry, this seems like a succinct wrap-up. Of course, the stability of these bricks has to be measured against current market pos ...
  • lostsheep: @Forexpro $JPM $STT Interesting,as the $tnx opens down another 4% this morning
  • Mnatale: @Forexpro $STT $C $SPX $KBE $BLK Thank you for your insight, was actually stalking $STT and was hesitating on pulling the trigger, definitely food for thought.
  • Forexpro: Re: $STT

    Hi, Friends,

    I'm not on the mailing list for Citi research, so I'm taking it on faith that SeekingAlpha has it right, and that $STT has been selected as one of $C's top stock picks for the second half; apparently, it's a "financial se ...
  • kbrowe: @scottrades $APHA $TSM $JPM $WFC $BAC $GS $RAD $BBBY $C $BLK $DAL $PEP $MS $OGI $LOVE $UNH $AA $FAST $INFY $ALLY $PNC $USB $SLP $JBHT $FRC $TFC $SEAC $BK $STT $HOMB $LAKE $PPG $KSU $WABC $CFG $SJR $MRTN $KRUS $KLXE $EH $CNTG $BYRN $WAFD $WIT #Earnings Thanks for providing this.
  • scottrades: Some #Earnings to be aware of this coming week. $APHA $TSM $JPM $WFC $BAC $GS $RAD $BBBY $C $BLK $DAL $PEP $MS $OGI $LOVE $UNH $AA $FAST $INFY $ALLY $PNC $USB $SLP $JBHT $FRC $TFC $SEAC $BK $STT $HOMB $LAKE $PPG $KSU $WABC $CFG $SJR $MRTN $KRUS $KLXE $EH $CNTG $BYRN $WAFD $WIT
  • Forexpro: ...
    Here's hoping that you're coming off a great weekend. As I recall, $STT tried that with deposits in Europe, where central banks have permitted below-zero rates. It wasn't well-received. The U.S. market remains competitive, and there are some major r ...
  • lostsheep: $STT the little retest of resistance held and the rate move should help here in a a continuation move 81.08 is the hurdle
  • lostsheep: $STT backing and filling
  • lostsheep: $STT triggers on all time frames
  • debeers: $SIVB-had to let my $STT go. Why? $SIVB just got Bob Minear to join the firm who was the former head of global health for Guggenheim. If i pair Minear with the Leerink crew, that should take care of 2 birds at once. SIVB is already up over 34 % for the year and it has only just begun in my opinion. Do you have to be a smart dude or dudette? No--but you hafta know who the smart ones are and where you can find them.LONG
  • Forexpro: @lostsheep $STT Thanks, Lostsheep, Rival $BK is also off to a strong start. Cheers! P.S. E-minis through yesterday's 3853.25 low, touching 3850.
  • lostsheep: $STT wish I got more
  • debeers: $STT vs $SIVB-wrong so gone. Turns out that
    State Street Introduces New Peer-to-Peer Repo Financing Marketplace for the Buy-Side
    8:30 AM ET, 03/03/2021 - Business Wire
    Innovative new solution improving access to liquidity, and driving scale and flex ...
  • Margi1983: @debeers $STT $SIVB Yikes.. this sounds like credit default swaps all over again. So $STT is trying to create more derivatives that the market and Fed will not understand and probably screw up. Bring back the Glass-Steagle Act.. I do not want to see another 2007-2008 where only those "too big to fail" survive via bailouts or TARP 2
  • lostsheep: @Margi1983 $STT $SIVB Second verse same as the first
  • debeers: @Margi1983 $STT $SIVB $MTDR-absolutely right BUT and its a big BUT. i could never make $$$ on the stocks i wish went up. Only the ones that did. i look at what is in front of me. If there is a reopening, does it make a difference if you get, for example, a 3 or 4 percent divvie on an oil stock if the market is rewarding a lesser company? Like a Matador? $STT is taking advantage of the market in front of them. These are not Robinhood folks who are very nice i am sure. These are seasoned vets who are smart enough to find a need and fill it.
  • Forexpro: @debeers $STT $SIVB Thanks, Lady DeBeers, $STT tries this sort of "peer to peer" thing from time to time, as clients find it appealing in the abstract. The problem is that with market makers/intermediaries removed, there's no obligation on the part of anyone to do anything to make a trade actually happen. The people at client shops also have to become acquainted with new software and procedures, which makes them unhappy, and eventually - at least in my experience, admittedly now some years old - the initiatives just sort of fade away, and an SVP sees the dream of making EVP dissolve into mist. Someone has a title that includes "Collateral Transformation"? Really? That should be taken out and shot on general principles, to paraphrase Vincent Vega in "Pulp Fiction". Here's hoping that all is going well for you; be lucky!
  • lostsheep: $stt came within. 03c of recent high and pulling back
  • debeers: $BA/$LAD (remember think used cars not new cars even tho they sell 'em), $MOS/$MTDR/$SNA/$STT/$TX- This is a material world and i am a material girl and, unlike Madonna, my teeth are nice! LOL Anyway, i think this is where we want to be. Tomorrow adding $EME. Have $INMD also and i think that, as soon as heard immunity is evident, nice tushies will be back in fashion.
  • pperlroth: @debeers $STT yes I do believe
  • lostsheep: @debeers $STT Hard to argue with the potential triggers on multiple timeframes just above the current price.
  • debeers: $STT@Forexpro-Forex, i've been thinking about this financial and haven't booiught any yet. What is your opinion of this firm and the progress they are making? Thanks a lot.
  • Forexpro: @debeers $STT

    Hey, Lady DeBeers,

    As time has passed - and passed, it has - I'm in touch with fewer and fewer people at the old shop, and I can't claim any special insights. I still know some of the senior legal people, and I have sporadic contact ...
  • debeers: $STT- When Morgan Stanley tells you that $STT, another financial, will outperform, IMO you should believe them.MS target 102.LONG
  • Forexpro: ...
    Not sure what you mean by "When you are awarded options, you must decide ahead of time on the exercise." Nope; once they're vested, they can be exercised, transformed into stock, and the shares sold, at the seller's discretion. That's how ...
  • zman: @Forexpro $PLTR $SSSS $STT $MS In high tech executive compensation is heavily weighted towards stock options so that the exec is motivated to please investors. Options are granted but usually vest over 3 years depending on company’s plan. Back in the day, the option price was often below market...that was sweet. But eventually they were issued at market. And you are right. There are “quiet” periods when you can’t exercise...before earnings, major product announcements, anything considered inside info. And often an exec will exercise the option that is vesting, sell enough to pay the cost of the option, and keep the rest. And once vested you can usually keep them as long as you want before selling. Like you, my retirement has been funded by generous options.
  • Forexpro: @Herb $GME Thanks, Herb, LOL at those happy memories. We ($STT) made an absolute fortune in FX that year in large part thanks to the volatility. I recall another LTCM guy observing "As it turns out we had 30,000 separate bets, but they were all highly correlated to Russia repaying its debt on time." This business can indeed be tricky ... Here's hoping that you're navigating all of the twists and turns with aplomb; cheers!
  • Forexpro: Re: $STT

    Hi, Friends,

    This former employer is struggling to deal with the impact of flat rates at the short end of the curve. The business model for custody - the core business line - is simple, really. There are enough competitors so that the basi ...
  • scottrades: Some #Earnings to be aware of this week. $NFLX $BAC $FCEL $GS $PG $INTC $SCHW $UNH $MS $HAL $FAST $CMA $STT $ASML $UAL $ONB $IBM $TFC $JBHT $MBWM $CTXS $USB $UNP $ALLY $TRV $BK $AA $LOGI $SLB $ZION $CFG $KEY $FBC $ISRG $IBKR $FHN $BKR $KMI $NTRS $DFS $CSX $EDU $HOMB
  • grcjr: $STT @Forexpro - rather large jump on news and upgrade by Credit Suisse from $68 to $78
  • Forexpro: @grcjr $STT

    Thanks, Grcjr,

    The significant new input, or so it seems to me, was the suggestion that something might finally be done about the millstone that is SSgA. $STT is, roughly speaking, a three legged stool. Custody is the driver, with capi ...
  • Forexpro: Re: $BK, $STT Hi, Friends, According to SeekingAlpha.com, these two custodial-cum-asset management outfits garnered an upgrade (to "Buy") from Brian Bedell at Deutsche. Bedell also hiked $SCHW to "Buy". Evidently there are those who care more than I do, as $BK is up around 1.3 percent pre-open, $STT around 1.7 percent. All the best!
  • Forexpro: ...
    It's true; when Marsh Carter, a West Point graduate, was CEO of $STT, we had the West Point Investment Club in to view the trading room and ask questions. The Cadets were so polite they made me quite uncomfortable, but they were very sharp. There we ...
  • grcjr: $STT @Forexpro - $STT appears very good to me. Earnings 10/16.
  • Forexpro: @grcjr $STT

    Thanks, Grcjr,

    My goodness, yeah, it's gapping higher today, although I haven't seen/heard a rationale, if one exists. The yield curve - that's a biggee for $STT - has improved considerably from the dark days of March, but it isn't gre ...
  • grcjr: @Forexpro $STT $SSgA $BK - every so often I'll do a comparison chart with $BAC, $JPM, $GS, $MS, WFC, $C, and $STT ... multiple time frames. $STT was clearly the winner recently. Cheers. ... I'm closing up. Thanks for your posts. Be well.
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Stock Price $74.32
Change 1.41%
Volume 178,390

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